Personal Accident (PA)
• This is the cheapest policy. The policy is renewable each year and benefits are payable for a limited period only. The Insurers can refuse the renewal of a policy, (see below Permanent Health section 3.1).
  For an additional premium a Lump-sum payment can be made:
  • You chose the amount - the premium increases according to the size of the amount you select - for: death, loss of limb, loss of eye, permanent disability.
  • In the case of death the Lump-sum is only payable if death results from the accident, and not from any illness or natural causes.

PA & Sickness
• This is a more expensive policy and benefits are payable for limited period only. The Insurers can refuse the renewal of a policy, (see below Permanent Health section 3.1)
• Accident benefits are payable for a maximum of 2 years.
• Sickness benefits are payable for a maximum of 1 year (after this all benefits cease).
• For an added premium a Lump-sum payment can be made:
• You chose the amount - the premium increases according to the size of the amount you select - for: death, loss of limb, loss of eye, permanent disability.
• No lump-sum payable following illness.
• Only lump-sum payable following paralyses, or loss if limb or eye following amputation due to illness (gangrene, diabetes).
• Only payable if death results from the accident, and not from any illness or natural causes.

Permanent Health Insurance (PHI)
• This is a long term policy (recommended as a back-up to the above policies).
• Benefit is payable until you return to work or reach normal retirement age, i.e. 60 or 65 your choice
• Payment will exclude first xxx weeks of disability - your choice of deferred period, subject to a 1 month minimum. The shorter the deferred period, the greater the premium (3 months is a recommended deferred period).
• Permanent health policy is non cancellable by your insurance company.
  i.e. regardless of the no. of claims you make on the policy, your insurance co. cannot refuse to renew it.
  • It is advisable to take out permanent health with a short deferred period so that you are not left with out resources should your insurance co. refuse to renew either your Accident or Sickness policy.
  • No lump-sum payment under PHI but will pay for any sickness.
  • Depends on age, and health at time of taking out policy and Insurance companies won't give cover for people who are already sick.

Definitions

Total Disablement is a condition which temporarily, necessarily and totally incapacitates the Insured Person and for the purpose of this Insurance does not occur if the Insured Person is able to engage in any part of the duties of his usual occupation.

Permanent means lasting twelve calendar months and at the expire of that period being beyond hope of improvement.

Loss of Limb means permanent loss by physical separation of a hand at or above the wrist or of a foot at or above the ankle and includes permanent total and irrecoverable loss of use of a hand arm or leg.

Claims must be notified to Underwriters within seven days of the event occurring. Medical Expenses means expenses properly incurred by the Insured Person for Medical, Hospital, Surgical, Manipulative, Massage, Therapeutic, X-ray or Nursing treatment, including the cost of medical supplies and ambulance hire.

Sample Quotes

Accident policy only
• £0.20 per £1.00 per week

Accident & Illness policy only
• £0.95 per £1.00 per week upto age 30
• £1.20 per £1.00 per week upto age 30-40
• £1.70 per £1.00 per week upto age 40-55

Medical Expenses

Above rates subject to
• Maximum Death & Capital benefit to be 4 * annual Salary
• Maximum of 60% of gross weekly wage calculated on the past 36 months average salary
• 200 + classical musicians to be insured
• Previous disability clause to apply if illness cover is opted for - Warranted all Insured Persons are fit & healthy at inception of policy
• Temporary Total Disablement benefit is excess of the first 14 days cach & every claim: payable for 52 weeks
• No cover for occupations other than professional musicians and/or teaching.

JM

this article is copyright protected. Morgensterns is licensed to reproduce it. No further copying is permitted without Morgensterns or the author's permission

Clarence Adoo

For most people an accident like this would have left them in a state of utter despair - but Clarence is made of tougher stuff. He sees his accident as just one of those things that happen in life and is now looking to the future and to ensure that his life remains challenging and stimulating.

To achieve this, however, Clarence needs to raise a lot of money, he estimates that a wheelchair alone costs £9000! So, if you have any fund-raising ideas please contact Clarence's close friend Nigel Hiscock

The Clarence Adoo Trust, c/o Nigel Hiscock, 86 Gresham Drive, Chadwell Heath, Romford, Essex RM6 4TS.