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  |  Insurance  |  Family  |  Income protection insurance
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Income protection insurance

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Permanent health insurance
Permanent health insurance aims to give you a replacement income if you can't work because you're sick or disabled. This can be anything up to three-quarters of your normal wage, less any state benefits you get and any other money you receive. For the self-employed, insurers usually base the level of cover on your taxable income. All payouts are tax free and usually continue until you recover or you reach your selected pension age - that's why this insurance is called permanent.

Key pros and cons of permanent health insurance

Pros

  • Could be useful if you or your family relies on your wage to pay most bills and if you want the comfort of ongoing payouts
  • May be useful if you are self-employed
  • It's up to you how you spend the money each month

Cons

  • This is one of the most expensive forms of this type of insurance
  • If you are in a secure job with good sick pay and your partner also earns a wage, you may feel you don't need permanent health insurance

Making a claim
For information on making a claim visit our making a claim section.

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