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Income Protecyion Query

  • 21-08-2020 2:11pm
    #1
    Rx713B
    Registered Users Posts: 220 ✭✭


    Hi,

    If someone was actively claiming income protection and looks unfit for work for the foreseeable future(doctor & insurance company confirm) but in the interim the company decides to make them redundant. Does the policy cease?


Comments

  • #2
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,737 Mod ✭✭✭✭Henry Ford III


    Group scheme?


  • #3
    Rx713B
    Registered Users Posts: 220 ✭✭Rx713B


    Henry Ford III wrote: »
    Group scheme?

    Don't think so think personal one


  • #4
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,737 Mod ✭✭✭✭Henry Ford III


    Don't think that would affect the claim then.


  • #5
    skippy2
    Registered Users, Registered Users 2 Posts: 393 ✭✭skippy2


    Very important to know who owns the policy.
    Is it linked to a Pension Fund at work etc. or completely separate from your employment.
    Study the fine print in your Policy Documents


  • #6
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,737 Mod ✭✭✭✭Henry Ford III


    skippy2 wrote: »
    Very important to know who owns the policy.
    Is it linked to a Pension Fund at work etc. or completely separate from your employment.
    Study the fine print in your Policy Documents

    OP already said it was a personal one.


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  • #7
    skippy2
    Registered Users, Registered Users 2 Posts: 393 ✭✭skippy2


    " think personal one"
    Thinking isn't knowing.
    I am making the point you need to check this.


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