What is Furlough Insurance?

In the UK furlough has officially ended. Before the pandemic we had never heard of this word, but now I challenge you to find someone who hasn’t heard the word ‘furlough’. According to government statistics …

In the UK furlough has officially ended. Before the pandemic we had never heard of this word, but now I challenge you to find someone who hasn’t heard the word ‘furlough’.

According to government statistics at the schemes peak in May 2020, 30% of the UKs workforce was furloughed. That’s over a quarter!

But did you know you can have a Private Furlough Insurance policy, but it’s actually called income protection and it can protect you if you are off work due to illness, injury or unemployment.

How does private furlough insurance work?

Quite simply an income protection policy will pay you a monthly benefit over a period (depending on your policy length) if you are off work through sickness, accident and unemployment.

It will help pay for essential bills such as rent, mortgage, utilities, entertainment, school fees and many more.

How long could you continue with your bills if you were off work?

Who needs a private furlough policy?

  • The simple answer is – anyone of a working age has a need for a policy, but the level and product type will differ due to individual circumstances.
  • Anyone worried about future employment prospects or is concerned about their industry.
  • Those with no savings to fall back on.

Can I get a private furlough policy if I am self-employed?

Yes you can. As a self-employed person you pay less NI contributions and get zero Statutory Sick Pay – income protection/private furlough is your Sick Pay insurance!  

Why not speak to A-Plan to get your Income Protection quote?

Here at A-Plan our team are experts in protection insurance and will discuss with you your own situation and provide you with tailored advice to suit your needs.

We can help you protect your income when the unexpected happens.

A-Plan exclusive – New client offer – £100 Cash back (via refund) on all new Income Protection policies. (Offer ends 30th November.)

Click here to get an income protection quote or call us on 0800 172 172 to discuss your needs in more detail.

Terms and Conditions of Cashback offer

**Offer only available to new clients and limited to one policyholder per household. Offer ends 30th November 2021. Refund will be sent via BACS when 6 months premiums have been paid. Refund will be sent via BACS into the account the premiums are being paid from.