Income Protection Insurance: Introduction

Income Protection guarantees that you and your family receive a regular income if you are unable to work due to injury, illness or redundancy. It is similar to Mortgage Payment Protection but offers more money to cover not only mortgage repayments but also household bills. As with Mortgage Payment Protection Insurance the typical cover can include accident, sickness and unemployment, or ASU as it is often known. Other terms used to describe Income Protection Insurance include: Long-term Disability Insurance and Income Replacement Insurance.

See also: Mortgage Insurance, Mortgage Protection and Mortgage Cover

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