It’s easy to confuse income protection with critical illness cover, but they support you in different ways.
Critical illness cover gives you a one-off lump sum if you’re diagnosed with a serious condition like cancer or heart disease, helping you focus on recovery without added financial stress.
Income protection, on the other hand, provides regular payments if you’re off work due to illness or injury, helping you bridge the gap and continue to pay your financial commitments until you’re back on your feet.
Income protection can also provide unemployment cover. This can provide peace of mind that you will receive regular monthly payments if you were to be made redundant and help to financially manage through a time of uncertainty.
Sorting your health and life cover can be stressful, but insurance experts, such as Howden, can help you navigate through the process.
- Angela Hopkins, Insurance Adviser, Howden Life & Health