Principle
First Financial Services is a trading style of GMF Marketing
Services Ltd. which is authorised and regulated by the Financial
Services Authority.
Income Protection
Insurance
Income protection insurance provides an income should you become unable
to work due to reasons set out in your policy.
Short-Term Income
Protection - ASU (Accident, Sickness, Unemployment Insurance)
Accident, sickness and unemployment insurance or ASU insurance is
basically mortgage payment cover. Therefore in the event that you
couldn't work, you would receive payments, usually enough to cover
your mortgage. Depending on the policy you would receive the insurance
for 1 to 2 years.
Long-Term
Income Protection - PHI (Permenant Health Insurance)
With PHI, if you have an accident, become sick or disabled, preventing
you from working for a certain period of time, your insurance policy
will pay out. The time between you being unable to work to when the
policy pays out is known as the deferred period which can be anything
between 4 to 26 weeks.