Freelancer Income Protection (FLIP)

[foozgarden]

https://gigacover.com/

what are your thoughts on this?
there are no benchmark for comparisions.

its under 50 for the highest tier .
seems like hard to claim though.. need 5 days back to back MC..

as freelancers, would you take it up?

 

[Perisher]

What is this about?
Usually if something is hard to claim, might as well don't buy.

 

[BBCWatcher]

what are your thoughts on this?

Here's what it says on the front page:

"Up to $200/day for 12 weeks."

Using my advanced math skills, that's a maximum possible payout of $16,800.

That's not insurance, not much anyway. That's a joke and completely inadequate. Absolutely you shouldn't buy this. You should instead build up more than that amount of emergency reserve funds and purchase only genuine (non-joke), essential, quality insurance. Genuine disability income insurance (DII) protects against this class of risks, but it actually protects.

 

[foozgarden]

Here's what it says on the front page:

"Up to $200/day for 12 weeks."

Using my advanced math skills, that's a maximum possible payout of $16,800.

That's not insurance, not much anyway. That's a joke and completely inadequate. Absolutely you shouldn't buy this. You should instead build up more than that amount of emergency reserve funds and purchase only genuine (non-joke), essential, quality insurance. Genuine disability income insurance (DII) protects against this class of risks, but it actually protects.

does DII cover freelancers?

if i am a freelancer, how do i get proper DII or medical coverage?

 

[bobobob]

does DII cover freelancers?

if i am a freelancer, how do i get proper DII or medical coverage?

For DII, you show income through income tax statements. Then you get coverage for that amount.

 

[foozgarden]

For DII, you show income through income tax statements. Then you get coverage for that amount.

what if a person is a non-tax resident of sgp?