It pays out until you die, retire, return to work or reach the end of the agreed policy term.
As with many other insurance products, Income Protection policies come in all shapes and sizes and it is important that you find the right policy for you. Different providers have different criteria for the type of accident or sickness their policies will cover.
Mark says: “Income Protection really does require very careful consideration as the policies can differ so much. You need to make sure the cover you get matches your circumstances, which can be influenced, for example, by the job you do.”