About Income Protection Insurance

So how would you and your family cope if you were unable to earn an income due to accident, sickness or involuntary unemployment? How much would your standard of living fall and more importantly would you and your family survive?

Whilst there are various forms of cover available one in particular offers a partial level of protection at an affordable cost. This is income protection insurance where cover is provided against accident, sickness or involuntary unemployment which stops you from working. These policies are sometimes called ASU plans; accident, sickness, unemployment.

The income protection insurance cover pays out a monthly benefit usually up to a maximum period of 12 months although some income protection insurance covers will provide a longer maximum benefit period.

Like all insurance policies income protection insurance cover is not suitable for every one and you will need to check that you fit the criteria in order to make certain that you would be eligible to make a claim or that you do not already have some other form of protection that might mean you do not need this cover.