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Insurance for self employed
maisie1234
Posts: 223 Forumite
Hello,
Can someone assist please with some advice. My husband left his old company to start on his own. For the last year he has been building up the business and he was previously a high earner (£200k plus per year). He is now back on track.
Although we have life insurance we don't have any cover should he not be able to work. We have critical illness but that looks like it is for terminal issues. If for example he broke his leg or he got cancer which was cureable. Is there any insurance that would cover this for the months where he couldn't work?
Kind regards
Can someone assist please with some advice. My husband left his old company to start on his own. For the last year he has been building up the business and he was previously a high earner (£200k plus per year). He is now back on track.
Although we have life insurance we don't have any cover should he not be able to work. We have critical illness but that looks like it is for terminal issues. If for example he broke his leg or he got cancer which was cureable. Is there any insurance that would cover this for the months where he couldn't work?
Kind regards
0
Comments
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Long-term income protection, better known as permanent health insurance.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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Can I use something like Money Supermarket to get some quotes. He has no medical issues and is 55. Want cover for 10 years until he hopefully retires0
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maisie1234 wrote: »Can I use something like Money Supermarket to get some quotes. He has no medical issues and is 55. Want cover for 10 years until he hopefully retires
Permanent health insurance (PHI) is still dominantly retailed via IFAs and whole of market mortgage advisers. The comparison sites only have limited coverage of a small number of providers. They prefer to retail the budget versions only or PPI versions. You do not want the PPI version.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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