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A Guide to Income Protection (26/10/2006)
Income Protection Insurance is designed to pay out whatever the reason for
your being unable to work. In this respect it
differs from Critical Illness Cover (CIC) which only pays out if you contract
one of a list of specified illnesses (even if the list is pretty long). IP also
just pays out for the period that you are unable to work, as opposed to CIC
insurance, which generally pays a straight lump sum. |