Private Health Insurance (PHI)
A health insurance policy arranged to protect the family’s income should the policy holder be unable to work due to ill health or an accident can give peace of mind.
Many suffer financial hardship as a result and the state offers only minimal help. Eligibility for incapacity benefit is strict, benefits are not generous and they are taxable.
The benefit from a permanent health insurance policy is a regular income designed to protect your standard of living, normally paid tax-free. It is payable until you return to work, die or the policy term expires, whichever happens first.
