Sick Pay Insurance
Black Lion Insurance offers outstanding advice on a wide range of sick pay insurance options. We cover the whole of the market, so we’re not tied to any one insurer. This enables us recommend the perfect product for your needs and your lifestyle, based on the information you give us.
What is sick pay insurance?
Simply put, sick pay insurance is a type of personal income protection plan. It covers up to 70% of your gross income and can, if necessary, pay out right up until you retire. Most payments are made monthly.
How does it work? Is it complicated?
No, not at all, but Black Lion can help you with everything if you’re not sure. We’ll set up the policy and can help you claim, too.
You’ll need to consider the level of cover you need (how much you insure yourself for), the length of cover required and a likely deferred period (the time from your claim to the first payment.) There are also various premium types, but we can advise you on these.
What else? Your age, whether you smoke, your general health and lifestyle and your family history will be taken into consideration.
Also, you may not get cover for existing conditions likely to deteriorate, or for an illness you’ve had before.
Black Lion Insurance is a team of dedicated, holistic, whole of market insurance consultants and we’ll take the time to understand your circumstances exactly. With access to products from AXA, Aviva, Legal & General, Zurich, Aegon and many, many others, we’ll ensure that you get the right cover at the best possible price.
Could sick pay insurance support YOU in your hour of need?
Whether you’re employed, self-employed, or a contractor, you rely on your ability to go to work every day to earn your living. You may receive contractual sick pay from your employer or state sickness benefit, but these payments will almost certainly not even touch the sides when it comes to paying your mortgage, bills or any other regular financial commitments.
Are you sure you have enough savings? If not, you may wish to talk to the experts here at Black Lion Insurance. Contact us to find out more. Sick pay cover could be cheaper than you think. And, should the worst happen, all your regular monthly commitments will be covered. You’ll be able to recover in your own time.
In our experience, sick pay insurance isn’t something that most of us want to think about. Nobody has “getting ill” as one of their life goals, for example.
And, you’re fine. Yes, you’re absolutely fine.
What’s more, there are probably other things to spend your money on, aren’t there? True enough.
However, the reality is that if you are suddenly unable to work due to an accident or a debilitating illness, sick pay insurance could be the best thing you ever paid for. Why? Because in the event of a claim, it will provide you with a monthly income until you recover.
Don’t leave it to chance. Black Lion is looking forward to hearing from you.
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How does a sick pay insurance policy help when you need to claim?
You stop working due to an accident or illness, and stop earning an income.
You inform us, and we will guide you through the claims process with the insurer.
You will start to receive your monthly payout.
The monthly payout will continue for as long as your insurance policy covers.
What are your policy options?
Short-Term or Long-Term Protection
Short-term plans usually range from 6 months to 2 years. Long-term plans will pay out until you are well enough to go back to work, whether that’s 1 year or 10 years.
This can range from just a couple of days, up to a whole year. The standard length of time for most long-term insurance policies is 4 weeks.
Policy Cease Age
Maximum Pay-Out Period
What affects the costs of your policy ?
Policy Cease Age
The costs of your insurance depend on various factors.
The more you want to insure for each month, will subsequently increase your premium, as well as the length of the policy and your deferred period.
Your age can also play a role. The older you are, you are seen as more likely to make a claim and so your policy premium will reflect this.
It is important to declare any previous medical conditions or illnesses. Certain disorders may not be covered by your income insurance and others may mean you incur a higher premium.
You will also be asked about your smoking status. Smokers are deemed higher risk resulting in a higher cost for your insurance.
What our clients are saying
Part of Halo Consulting, Black Lion Insurance are a dedicated team of insurance consultants with years of experience in guiding our clients to a solution that meets their specific needs. We specialise in helping both employed and self employed individuals, as well as business owners on a variety of solutions, which range from life insurance, income protection insurance, keyman insurance and shareholder protection insurance.