Accident Sickness and Unemployment

ASU – What is it?

ASU stands for Accident Sickness and Unemployment insurance. This is a policy designed to provide cover against losing your income through accident, sickness or redundancy.

Loss of income through accident, illness or redundancy is generally a worry for most people and can have a significant impact on your finances. When you are ill the last thing you want to think about is how you are going to pay your mortgage or bills and if the events of the last few years have reinforced anything it’s that no-one, not even those employed by a seemingly safe large businesses or the Government, can count on having a job for life.

For this reason many people find ASU insurance a great comfort – knowing that should you be unable to work due to either illness or injury, or that if you were to face redundancy through job cuts, your monthly income supporting your family or loved ones is protected.

How does ASU Insurance work?

Accident Sickness & Unemployment insurance is a time-limited policy that provides short term assistance in replacing your income, in the unfortunate event that you are temporarily unable to work due to one of the named claim criteria.

Cover normally starts a month after you stop work or have to leave your employment and pays out for a limited period of either 12 or 24 months dependent on the provider of the policy.

As you would expect from a fully impartial Mortgage Brokerage, Hallam Mortgages can provide friendly and completely unbiased advice on the best ASU policy for your circumstances and budget.

Accident , Sickness and Unemployment cover typically costs £4.71 a month for every £100 of monthly benefit. This is based on a 36 year old customer choosing £850 of accident, sickness and unemployment monthly benefit with claims paid after a 30 day deferred period. The cost of this insurance depends on a number of factors, such as your age, where you live and your occupation.  As a result, the cost you will pay is based on your own circumstances. There are other providers of Short-Term income protection and other products designed to protect you from loss of income. For impartial advice about this type of insurance, please visit the website

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