I guess if you and your family can live on benefits you don't need to worry about an injury that stops you working.
I've got an Income Assured policy with Cirecester Friendly Society that has "units" over a term to a selected retirement age. At the end of the term I do get something back (a quick look shows about 1/4 to 1/3 of premiums paid) even if I never claim on the policy, the money doesn't just "disappear" into the insurance Co.
=============================== Flashing is usually held in place with small lead wedges made up from flashing offcuts before being mortared in. You were probably just unlucky enough to hit one of those. Maybe a reason to return to a hammer and chisel in future.
Cic.
I have 2 chain saws now.
The more dangerous of the 2 is the bluntest one.
Gordon
duties for a few days, I've got a few easy jobs to keep me going
have looked at that, but the premiums are huge.
Do you have life insurance? Statistically, anyone is far more likely to make a claim on PHI (if they have it) than life insurance. Go figure.
MBQ
Oddly enough - I did do a DIY patch up. I'd bought a pack of J cloths the week before, so I used one of those and some masking tape to dress the wound :-)
Does that count as DIY?
Good idea -
I would add from my own experience that electric planes can remove a surprising amount of finger with very little immediate pain. Advanced users will generally learn to watch the shavings output for tell-tale reddening, and keep a roll of insulating tape ready for those pesky spurting wounds.
Glad you're OK Dave, btw!
But surely you need both hands for an electric plane and if they're where they should be, safe from the blades? Of course you have to be careful while it's slowing down after switching off.
Yeah, unless it's just a quick trim from a small workpiece, and you decide to hold it with one hand while you plane with the other. And then your fingers slip ever so imperceptibly nearer the blades.....
I'm paying a bit under £45 a month. It's cheaper if you have a longer period before it kicks in.
That would imply that you have more than two. ;-)
Oh, I didn't suggest not doing it - essential in my view. Expensive if you have to pay out of pocket and not tax deductable, AFAIK. If the premiums are paid by an employer, it is taxed as a benefit which has always struck me as bizarre since it effectively removes the need for the individual to claim all the state benefits.
That's quite a good deal. I guess that it means that the premiums are a bit higher than if it were a simple deal, but even so. Is the payout at the end taxable? If not, it's another possibly useful investment vehicle.
About 10% pa of the sum you want to insure for?
Yes but the payout runs for longer on PHI and total amount paid out can be a lot more.
Definitely. I'm surprised that you didn't use duct tape.
Mind you, it would result in an even bigger grin from a nurse pulling off the duct tape as compared with sticking plaster as the hairs come with it.
I thought about it, that was the first roll of tape that came to hand.
Then I though about it being removed.............
Strange. The week before I had been talking to my paramedic daughter about keeping a first aid kit in the car. She came home one night with a London Ambulance dressing pack. Contains enough stuff to treat anything. I'd left it at home......
You can sometimes get "key man" insurance for the business, but again for very small firms they often view that as another form of self insurace and dissalow it.
I looked at that. Quite expensive as well and quite restricted.
Also, the beneficiary is the business, so the question thn arises of how to take the money out. Salary? Dividend? Tax :-(
Why does tax deductable never pop into my mind with things like this. I =
probably wouldn't have it if I was an employee but you are in the same boat if you suddenly can't work no matter you status employed/self-employed before.
Took it out in 2002 =A333.60/month for =A3147/week benefit. It's now =A347.50/month and supposidly RPI linked but I can't actually find a bit= a bit of paper that tells me how much I'd get now. I'd also be claiming Incapacity benefit but things would still be tight. Her indoors would have to get a job...
Final pay out is tax free. B-) (ATM don't tell Prudence!) investment vehicle, well you don't get back anything like you put in (assuming you =
stay healthy!) but at least you get some back.
Yup, same here, and rejected for the reasons you mention...
However it may work for some small firms that need to guard against loss of key staff.
Indeed. Another problem with the PHI products is they only usually allow cover for "earnings" (i.e. excluding dividends).
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