PHI is also known as Income Protection Insurance or Income Replacement Insurance. This is a type of insurance designed to provide a regular replacement income if someone is unable to work as a result of illness or accident.
The level of payment is generally much higher than that provided by the state (e.g. Employment and Support Allowance) and can reach 75% of gross salary. Policies are designed to pay a regular – normally monthly – income if someone has to stop work.
In this leaflet, Dr Charles Shepherd (Hon. Medical Adviser to the ME Association) explains what PHI is all about and helps address some of the hurdles involved in making a claim:
“People with M.E. experience a variety of problems when it comes to PHI claims. Not surprisingly, we receive anecdotal reports that indicate that some companies are not sympathetic, or are even hostile, to claims relating to this illness…”
Please note this is a download. You can read it on-screen and save to your computer, phone or other device and can attach it to any email you might need to send. But you will need access to a printer if you wish it printed.