Protect your income against accident, sickness or unemployment today!
An income protection insurance policy can protect you against loss of income due to unemployment, involuntary redundancy, illness or accident. It is designed to provide you with tax-free income and can pay out until you are able to return back to work or retire.
What is income protection insurance?
Income protection insurance is one of the most important ways of ensuring that you can cope financially if you can no longer work.
Bob says that this is type of cover pays out if you are unable to work due to an accident or sickness.
When you take out income protection insurance, there are a number of ways that your benefits can be paid out. If you choose a short term income protection policy, your payments will last for a set period of time (for example, twelve months).
You may want to choose a short term policy to tide you over for a period of time following an accident or illness, but have other financial support after this time.
If you’re concerned that a short term policy wouldn’t cover your financial commitments, you might want to think about long term income protection insurance.