What is Income Protection?
There are other providers of Payment Protection Insurance [Short-Term Income Protection] and other products designed to protect you against loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk.
Income Protection policies are designed to replace the income of an individual which would be lost based on the said person not being able to go to work due to accident, illness or injury. It is suitable for those without sick pay, particularly the self-employed. Depending on the provider, you can cover yourself for up to 60% of your total gross income. The benefit pays until the insured person can return to work.