ASU
Income
protection - unemployment insurance, accident insurance; ensure your
home is not at risk if you cannot work. Accident, Sickness and
Unemployment insurance (ASU), can also be referred to as mortgage
payment protection and will provide you with an income to meet your
outgoings if you are off work sick, have an accident or are made
redundant. It pays out a monthly benefit to cover your mortgage and
other related costs.
You may choose the amount of benefit you
would like to receive - although there are some limits on the maximum
amount. The premium will be a percentage of the amount of monthly
benefit you would like to receive. Benefits are usually payable for a
maximum of 12 months.