Claiming Benefits....

[Shimano105]

Cheers chaps, keep the old stiff upper lip and all that.

Milan, too much time, I'm afraid my dreams will blur the distinction between reality and Dim, what can I say other than spot on! I should be beheaded for even thinking of making a claim.

Asterix, I don't know of anyone who would touch those insurance policies as the usual 90 day qualifiying period usually means you are back at work before you can make a claim.

Well maybe after a month or two I can ease back into the cut and paste er... thrust of contracting.

[Andyw]

and good luck starting up your own business on the side !

[wendigo100]

Asterix, I don't know of anyone who would touch those insurance policies as the usual 90 day qualifiying period usually means you are back at work before you can make a claim.

They aren't meant for the odd bout of flu or a broken arm, they cover long-term illness or disability.

I've got one that kicks in after one month, another after three. You can get various qualifying periods. I've never used either and hope I never have to, but it adds a little security.

[Pondlife]

They aren't meant for the odd bout of flu or a broken arm, they cover long-term illness or disability.

I've got one that kicks in after one month, another after three. You can get various qualifying periods. I've never used either and hope I never have to, but it adds a little security.

Mine kicks in after 3mnths. When I was shopping around for it I found that the shorter the time required before it started paying out the cost went up almost exponentially (sp?)

HTH

[_V_]

How much does a policy cost and how much does it pay out and for how long?

I personally find these types of insurance a waste of money. The ones I've seen paid very little.

[wendigo100]

I heard a rumour that you could claim, stating that you worked less than 16 hours a week on your business and did not draw income from it.

Like Ardesco, I got stuffed by the job centre when I tried to claim JSA four years ago. Although my company had no income, they said I was still in their employ as a director carrying out administrative work.

I got a job five days later, but I appealed on principle for the week I should have had. I told them where to stuff it when I was told I would have to miss a day's work and travel up to Leicester for the hearing.

[Ardesco]

I always figured that if i saved the money and put it in stocks/shares/ISA/something I would make a lot more in the long term than the policy would pay, and I would also definetly get something out of it.

Of course i'm gambling that nothing bad will happen to me for a long time... (Mind the plus point is that the wife knows she won't get tulip if something does happen, so if something does go wrong I know she didn't instigate it )

[Asterix]

Moved the goalposts

Wasn't always like this, ie it didn't use to cost an arm and a leg to get decent insurance of any type. Ins. cos got greedier and greedier over the years - hence the present (almost prohibitive) costs. As I said, a few years ago, you could get cover from Day 1 which is what all s/e need, even if it is a short term illness. However, most of these schemes have been closed and the earliest you can get something now is after 30 days which is still a long time to wait and having to rely on your savings.

[Ardesco]

I would guess also partly due to all the scivers out there that get the policy and claim straight away costing the ins company lots

[_V_]

Alternatively if you fall ill, sell one of your houses and live on the money made in the last few years.

HTH