Health and Insurance - Permanent health insurance

People also lose their salaries eventually because of long-term illness, as well as through accidents. Most people can cope with a few weeks illness beyond the period when an employer may be continuing to pay a salary; but come the end of that period, it is not long before most families find it difficult to make ends meet, to pay their mortgages, hire purchase or for the upkeep of their car, let alone manage normal weekly outgoings.

The state does provide sickness pay for a period and there are other social security payments to help families out, but they are generally way below the salary levels to which the family is accustomed.

To cover this risk, permanent health insurance policies have become increasingly popular in recent years - with men. They are basically not much different to personal accident policies.

A healthy man of 30 can usually get £600 a month for the whole period of an illness, until, the age of 55 or 60, after he has been ill for six months, for a premium as little as £6 a month.

The older you are when you take out the policy of course, the dearer it is, as in all normal insurance practice.

Many companies put the maximum benefit payable at a level of 75 %of normal gross earnings. Royal London quotes an example of a married man aged 29 with two children earning £460.00 a month. They state:


Permanent health insurance

Payroll Giving
It’s all very easy to organise.
Just ask the Personnel or the Payroll Department at your company and, if they already have a scheme, they will give you the relevant forms.  HM Revenue & Customs’ website has a list of Payroll Giving agencies and explains payroll giving in more detail.

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read on: Health and Insurance - More Permanent health insurance

People also lose their salaries eventually because of long-term illness, as well as through accidents. Most people can cope with a few weeks illness beyond the period when an employer may be continuing to pay a salary; but come the end of that period, it is not long before most families find it difficult to make ends meet, to pay their mortgages, hire purchase or for the upkeep of their car, let alone manage normal weekly outgoings.

The state does provide sickness pay for a period and there are other social security payments to help families out, but they are generally way below the salary... see: Health and Insurance - More Permanent health insurance