TopQuote offer financial services that
provide peace of mind and quality of life
Paying the bills can be tricky even at the best of times. However, when accidents, sickness or unemployment strike, that tricky necessity can become an all-consuming struggle.
Consequences can reach far beyond one individual. Family members, spouses and loved ones who are dependent on your income are often hit the hardest, and sometimes even the happily-employed have to drop out of work to care for ill relatives.
In such volatile times, it’s a good idea for both the employed and self-employed to have a policy that offers financial protection for 12 or 24 months.*
Accident, sickness and unemployment cover
Accident and sickness cover
If you are made unemployed or can’t work for as little as 30 days through accident or sickness, income insurance can provide a regular monthly payment for 1 or 2 years, with the option of back to day one cover.
* Regular monthly premiums must be maintained.
You could receive up to
of gross monthly income
Depending on how much you pay for your policy, you could receive up to £2,000 a month or 65% of gross, whichever is lower. Gross monthly income is the average monthly salary before tax, including any commission and/or bonus payments received (if in full-time employment), or the monthly average of your income as declared on the self- assessment return for the previous tax year as confirmed by HMRC (if self-employed).
There is a choice of either:
You can choose from a number of different ‘qualification period’ options. This is the number of consecutive days from being unable to work until the monthly benefit begins:
Back to day 1
30 day excess
60 day excess
90 day excess
180 day excess
We have policies to suit all budgets, but the decision is usually based on your outgoings. It’s sensible to make sure that main outgoings are protected and there is enough to cover the necessary period.
If you choose unemployment cover as part of your policy and you are made redundant, you will be entitled to free back-to-work support.
The government do offers assistance, but the amount can be alarmingly low and won’t last long.
For example, a single person over 25 is only entitled to £73.10 of Jobseeker’s Allowance each week, the standard rate for statutory sick pay is just £88.45 a week (paid to a maximum of 28 weeks) and Employment and Support Allowance for a single person over 25 suffering illness or disability starts at just £73.10 a week.
If you’re taking out a new mortgage or re-mortgage, you are unlikely to receive any assistance with your mortgage repayments for the first 9 months of your claim. Moreover, the payment of state benefit only applies to mortgage interest payments up to a maximum loan of £200,000, or on a loan of £100,000 if receiving pension credit. It does not cover capital repayments, or any other related costs such as the premiums paid on a life insurance policy or savings plan linked to a mortgage.*
*Based on Paymentshield’s understanding of the current state benefit system.
Are aged over 18 and under 64
Haven’t been registered as unemployed in the 12 months before the start date of this policy
Have been in full-time employment or self-employment for at least six continuous months
Live or work in the UK, Channel islands or Isle of Man
Are unaware of any circumstances which may result in you making a claim under this policy
Are working on a fixed-term contract for at least 24 continuous months, immediately prior to the start date
Are in paid work for at least 16 hours a week
● A casual, temporary or seasonal worker (including any work for a temporary employment agency)
● In a particular job where unemployment is a regular or recurring feature
● Working less than 16 hours per week
● A fixed term contract worker requiring unemployment cover who isn’t applying for a new credit agreement for a secured or unsecured loan or have not taken a new credit agreement for a secured or unsecured loan in the 60 days before the policy start date
Have a company or employer that is not in administration, or has not announced formally or informally that it is going into administration, receivership or liquidation.
Have not received formal or informal notification that your own job is at risk
Have an employer that has not formally announced its intention to make job cuts or made any mandatory reductions to basic salaries or contractual working hours to the workforce at their location of work
Whether it’s life insurance, critical illness, home insurance or income insurance, we make cover easy to understand and easier to choose. As experts, it’s our job to listen to your needs and present the available options. Then, we simply let you decide what cover suits you best.
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At TopQuote, we don't just help our customers to plan effectively for different eventualities in life. We're there when they need us the most. This page is a place where you can find out how other people have coped and realise that you're not alone.Read more
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We have a friendly team of staff on hand to help with whatever enquiry you have.
Simply fill out the form below, or call us now 0845 0555 666.