Other factors to consider
Personal accident or accident & sickness is often a cheap, effective solution to the income problems of a short-term accident or illness. However, as the policy is annually renewable, in the event of a long-term disability, insurers would be entitled to exclude that condition at renewal, increase premiums or refuse cover completely. This problem is solved by an Income Protection policy.
An advantage of these policies is that typically a short deferred period of say 7-14 days is imposed although for higher risk occupations that may be increased.
Activities such as winter sports cover can also be included for an extra premium.
Pre-existing conditions are excluded.
Occupation and benefit levels are the major factors that influence premium costs.
All of the above are typical examples of the issues that need to be considered. That is why it is vital you obtain specialist advice from people who will take the time to understand your circumstances.