Income protection insurance: all your questions answered
If you’re looking for more information on income protection cover, you’ve certainly come to the right place. Here are the answers to the most frequent questions about income protection insurance. What is Income protection insurance? Income protection insurance offers you the ability to protect your income in the event you can’t work due to an illness or injury. In the event of a claim, you’ll receive monthly payments based on a percentage of your salary until you can return to work or the end of your policy’s benefit period. What does income protection insurance cover? Income protection insurance covers you against incapacity due to an illness or serious injury that renders you unable to work. However, different types of income protection insurance offer varying levels of cover, including: Own occupation: you can’t undertake your own occupation Suited occupation: you can’t do your own job or others that fit your skills and experience. Any occupation: you’re una...