Income Protection

Income Protection


This provides income where you are ill or injured, and as a result, your income through employment or your normal route stops. If house person's cover is included, then it will pay out upon illness or injury, irrespective of any income stopping.

 

It is designed to replace most of your net income.

 

Cover lasts for either a set term in whole years or to a given age (typically your state retirement age). The amount you pay is called the premium. It can either be guaranteed not to change, or it can be reviewed. Reviewed cover normally changes based on the claims experience of the life assurance company.


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