Compass Financial Servics Limited


	Mortgages

	Equity Release

	Life Cover

	Income Protection

	Investments

	Pensions

	Travel Insurance

Income Protection

There are two main types of income protection, called “Accident, Sickness and Unemployment” or ASU and the other “permanent health insurance” or PHI.

Accident, Sickness and unemployment (ASU) cover
If you are made redundant, This type of policy will pay out within a short period of time, typically between 1 week and 1 month, and will then continue to pay out for up to 2 years, and then the policy stops.

Permanent Health Insurance (PHI) cover
This type of policy will pay out after a medium period of say typically 3-6 months (although you can choose a payout period of 1 month) and will continue to pay until you reach retirement age, or return to work, or die, whichever is sooner.

To discuss your income protection needs please contact us.

Contact us phone on 01432 277270 or by fax on 01432 342685
Compass Financial Services Ltd is authorised and regulated by the Financial Services Authority
Registered office: Compass House, Faraday Road, Hereford HR4 9NS. Registered in England No 4609697

Top Tips

Check out the maximum amount an ASU policy could pay out. You may be surprised how little it is and may feel it better to pay a bit extra and have PHI cover that lasts much longer instead.

Did you know?

A PHI policy does not pay out a lump sum but instead could pay out around 66% of your salary each month until you either retire, go back to work or die!