Definitions for "Accident, sickness and unemployment insurance"
Income protection incorporating cover for loss of earnings arising from accident, sickness or unemployment. Usually paid out in the form of a monthly tax-free income to cover a portion of lost earnings and restricted to two years from the date of the first payment.
Insurance cover arranged by the borrower to protect against inability to meet mortgage payments. This cover could be more accurately described as accident, sickness and redundancy insurance as unemployment cover is generally restricted to cover only events that are entirely beyond the control of the insured person. Typical exclusions include dismissal following professional misconduct and any act of voluntary redundancy. The accident and sickness cover will also be subject to exclusions such as any act of self-injury or any injury related to the use of alcohol or drugs.
Insurance that covers for loss of earnings arising from accident, sickness or unemployment. Normally paid out as a monthly tax-free income to cover a portion of lost earnings and restricted to two years from the date of the first payment.
Keywords:  added, additional, fee, security, loan
Added To Loan Additional Security Fee