Income Protection insurance replaces income lost when a person is unable to work due to unexpected accident or illness.
After meeting a specified waiting period, Income Protection insurance is paid as a monthly benefit by the insurer for as long as you meet the insurers definition of Totally or Partially disabled.
The quality of Income Protection policies differ greatly because there are so many variables involved. Some of the more important ones include:
- Benefit Level
- Benefit Type
- Waiting Period
- Benefit Period
More detail about Income Protection can be found on our Income Protection page
How to get Income Protection?
Before choosing an Income Protection policy, you should do your homework. An uninformed decision could see you wasting money on a policy that won’t actually work for you when you need it most.
If you would like help getting the best possible cover at the lowest price, complete our online form and one of our personal protection specialists will contact you within 24 hours.