Income protection can provide a monthly income if you become ill with an illness that may not be critical, but is severe enough to stop you from going to work for a long time.
The working world has changed dramatically in recent years. One thing remains constant however, and that’s the fact that most of us need to work to pay the bills and to enjoy all the good things in life like holidays, cars and meals out.
But bills don’t stop arriving – even if we are very sick.
If you fall ill or have an accident and are unable to work, the sudden loss of income could be devastating.
Even if you don’t earn an income but look after the home all day, it would be very expensive to pay someone to do all the work that you do.
That’s where income protection comes in. It pays out an income if you’re unable to work because of illness or injury.