Income Protection - loanitt

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The calculators on this website based upon calculators built by  Money Advice. They are designed to provide guideline indicators for Life Cover and associated insurance products. It is recommended that you speak with your broker before buying any financial product.

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What is Income Protection Insurance?

Income protection insurance – also sometimes known as accident, sickness, and unemployment cover – is a type of insurance that will protect your income if a serious injury or illness prevents you from working.

It’s marketed especially to self-employed workers and those with their own business. But, even if you aren’t self-employed, it’s worth considering an income protection policy if you have dependents, debts or loans to repay, you don’t receive sick pay or you don’t have savings.