What is Income Protection?
Income protection insurance (sometimes known as permanent health insurance) is a long-term insurance policy designed to help you if you can’t work because you’re ill or injured.
It ensures you continue to receive a regular income until you retire or are able to return to work.
Why is Income Protection important?
None of us like to think about serious ill health. However it can happen to anyone and if it does you want to know that you and your loved ones will still be taken care of. If you have a long period of ill health and can't continue to work then, income protection provides an income to help you can carry on paying your bills and be able to focus on getting better. It will continue to be paid until either the end of the payment period or your health improves to allow you to return to work.
Why would Income Protection be important to someone like you?
According to the ABI, one million workers a year find themselves unable to work due to a serious illness or injury. It doesn’t matter whether or not you have children or other dependents – if illness would mean you couldn’t pay the bills, you should consider income protection insurance. Take a look at the person closest to your circumstances below to see why Income Protection might be important to someone like you.