NLIC.org

Julio Said:

Best Income Protection/Insurance while unable to work after scheduled surgery?

We Answered:

State temporary disability should cover you. If the condition has already been diagnosed, no private insurer will cover it now.

Private disability insurance is like life insurance: you can't wait till you need it to get it. Too late then.

Ana Said:

Why is an income protection insurance policy more expensive for women than for men?

We Answered:

It is more expensive because statistically women miss more work for extended injury and illness than men. It has nothing directly to do with pregnancy as suggested by another poster, but reproductive health issues are a big factor. Generally, group or multi-life plans are issued unisex and do not differentiate between genders.

Peter Said:

Can I claim job seekers allowance and income protection insurance?

We Answered:

JSA isn't means-tested so there is no reason why you won't get your benefit.

That day will be the commencement date of your income protection benefits - depending on the policy you will have to wait 30 days before being paid for the first 30 day period - assuming your policy is on a back-to-day-one basis (which is the type we always recommend).

Lucy Said:

Are unemployment insurance and income protection insurance the same thing?

We Answered:

No. Unemployment insurance is a federally funded program to provide a portion of a persons income to them for a specified period of time should they lose their job through no fault of their own.Employers generally pay the costs of unemployment as part of their contribution in taxes.

Income protection insurance does the same thing, but it stems from a policy paid for in premiums by the person insured and it is run by a private insurance company.

Leon Said:

Why would someone buy income protection insurance when they already have government unemployment insurance?

We Answered:

lol....government unemployment insurance.

If the government is paying for it, how is it insurance? lmfao. Oh, taxpayers are insuring you have money if you lose your job! I hate the fed's.