Quote:
Originally Posted by Halk
The cover I have does not require me to return to 'any' job. For example a computer programmer who lost the ability to use hids hands effectively would be covered until either he could use them again, or technology advanced to the point where he could do job without any hindrance.
Typically though the insurance company with negotiate a lower payment but allow you to return to work in more basic job. For example an steel worker who couldn't continue could perhaps get a job in a garden center, and the payout from the insurance company would be lowered.
A proper income protection company from a reputable insurer is a very good policy. But only assuming that you take it out when you're in your early twenties, you keep it going until you retire, and you review it every few years to keep it in line with your salary. It's rather unfair though because someone with type 1 diabetes will either be refused insurance or face vastly inflated premiums.
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Everybody pays that money and it's not something you can stop paying. It is deducted from your salary before you even get it. And it's government regulated.
And no health insurance company can refuse people on any grounds.