* Get an Accident and Disability Insurance Quote
Although, of course, we don’t want them to, accidents happen in life. If we’re fortunate, we’re left with few if any lasting effects. However, there are certain cases when long-term disability can result. In this case, not only do we have to worry about recovering from our injury or disability, but we have to worry about carrying on and paying the bills as well. This is where accident disability insurance comes in.
Do I Need Accident Disability Insurance?
* Get an Accident and Disability Insurance Quote
Unfortunately, although it’s a common belief, National Insurance Tax does not cover you for disability. This was true to some extent prior to 1995, but it is no longer. Today, the government will only help you if you cannot work at all.
Even then, you can only expect to receive about £60 per week in income from the government. This usually does not pay for even the most basic needs, much less a mortgage. Even worse, disability payments received from the government are taxable, so the already small sum received will be further reduced by taxes taken out.
It’s also interesting to note the research carried out by Norwich Union; their research shows that almost 2 million people are currently off work because of an injury or long-term illness. Additionally, statistics show that you are up to 20 times more likely to suffer long-term illness before you are 65 than you are to die. This is why accident or disability insurance is so important.
What Does Accident or Disability Insurance Cover You For?
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