Dublin Abu
New Member
- Messages
- 21
All you can do is compare cost and payout conditions.is my existing policy not good ?
You will have to be a member when you take out the policy. Check the conditions, but unlikely they can refuse to pay out if you leave the union.A stipulation in policy is that I must be a member of a particular trade union.
Not really sure what you mean here?Guess the comments left are what broker is telling me are the issues.
So he's not independent?Yes he’s on commission.
Unions negotiate a group discount for members AFAIK.. I would have thought these are the last people an insurance company want to be
0.86% of your gross income?Premium = 0.86% gross, before tax relief.
Yes, there are critical illness and income protection policies available to the general public.Out of pure curiosity, is there a similar scheme open to the private sector?
Many unions have very strong 'affiliate' relationships with insurance companies. Check the membership benefits sections of any of the union websites for examples of this.Out of pure curiosity, is there a similar scheme open to the private sector?, and, why do you have to be a member of a trade union. I would have thought these are the last people an insurance company want to be dealing with?
Yes, 0.86% of gross income.0.86% of your gross income?
Are there any other charges?
5 How disabled do I have to be to qualify for benefit underAre there restrictions under what circumstances it pays out (e.g. only if you can't do any work, not just your "normal" job? Any lead times in paying out? Etc.) any limits on how long it pays out for etc.?
4 For how long will I be paid benefit under the Plan?Are there restrictions under what circumstances it pays out (e.g. only if you can't do any work, not just your "normal" job? Any lead times in paying out? Etc.) any limits on how long it pays out for etc.?
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