ASU can help with essential bill payments and/or interest mortgage repayments while you recover from any form of illness, or accident, as well as giving you protection should you lose your job due to redundancy, but usually only for a fixed time period, typically 12 to 24 months.
It does not cover voluntary redundancy / job dismissal or if you fall ill with a pre-diagnosed condition.
If you're unable to work due to an illness or accident, income protection insurance can help cover your outgoings. You will receive regular income until you return to paid work or until you retire. This is also known as permanent health insurance.
Mortgage payment protection insurance covers the cost of your mortgage payments if you become unwell or lose your job. Usually, there is an initial exclusion period of up to 90 days before the cover comes into force. Again, pre-existing conditions (illnesses you know about already) are not covered as are people who are retired or unemployed.