Income Protection

Income Protection provides an income if you are ill or injured and, as a result, your normal earnings from employment or other sources stop.

It can be designed to replace some or most of your net income.

Cover lasts either for a set term in whole years, up to a specified age (typically your state retirement age), or until you return to work or pass away, depending on the policy terms.

The amount you pay is called the premium. It can either be guaranteed not to change, or it can be reviewable. Reviewable cover normally changes based on the claims experience of the life assurance company.