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Archive for the ‘Income Protection’ Category

In contrast to the rest of the credit insurance Income Protection letter is tied to no credit. Here you can freely decide what to use the compensation payments.When for example:

1st Unemployment
The theme of “unemployment” is perceived especially because of the recent past, with particular attention. With Income Protection letter here is a very cheap way to hedge available In effect, unemployment remains a major cause of indebtedness. This is understandable when one takes a look at the unemployment insurance benefits. From this, because only a maximum of 67% of net earnings in the event of unemployment are available. The resulting gap is usually the average rent and can not save normally be collected.

2nd Supplement to the existing Insurance

With many offers are on the income breakdown cover, to fill existing gaps in Income protection insurance coverage, or to realize an additional safeguard. In many tenancy agreements – especially older date – there are still waiting periods of several months. These performance-free periods can be covered by the AU element of the income protection letter. This also applies to cases in which up to a final BU-way classification of disease but no power is already an income loss must be mitigated. By not using a health check can block this hedge without risk assessment effort is easily added. Also, the additional protection of the “unemployment” offers a new approach to talk to customers who are aware of their responsibility for risk hedging.

3rd Basic coverage of “old cases”

When was realized in a as “unacceptable” risk assessment or perceived membership of the expensive professional groups 3 and 4, no insurance, income protection, you can use the letter for basic coverage with complete risk assessment-the renunciation of one.

4th Income protection for landlords

While real estate is a largely safe investment. Does it serve the investment is debt financed and even for the most part, the income depends in large measure on the regular payment of the tenant. Precipitated from this, not only is the yield risk, and the total funding and the ability of the owner may be in danger. To protection against loss of income here and payment problems associated with prolonged illness or unemployment of the tenant have the income can be a great deal more protection letter of safety. To succeed in the “Case of the case” have access to the services, they can be transferred to the landlord (a template for an assignment statement, see here).

5th Insurance and savings contributions to secure

Long-term contracts (PHI, BU, savings fund, etc.) require that the customer is always able to meet its obligations. Here, the income protection letter be the mental relief. Because even in difficult times, e.g. unemployment during a sufficient income available to afford the monthly premiums may be, can long-term commitments with a better feeling
received.

6th Protection for existing financing

Many only notice after a while, what commitment they have made with its funding. Both installment loans and mortgages available over long time as an additional monthly expense. A hedge on the classic residual products liability is usually only at the time of the contract or shortly thereafter possible. This offers a way of income protection letter to secure the desired protection retroactively.