income protection insurance pays a percentage of their income (50 percent is common), if you can not work due to illness, disability or accident. However, the safety net is not for you, if you are fired. If you want to cover redundancy, it is sometimes possible to adhere to life income gifts insurance payment, or you can create an independent criterion.
Like all insurance contracts, plans to take account of income security may not like age, gender, profession, your health and if you smoke or not. How much you pay depends on the amount of premiums, the insurance company sees you.
Why is it better, For many of us, the safety net does not cost more than the PPI, but it offers much better performance. You can decide when the insurance coverage starts – after four weeks, three months, six months or a year – in order to determine the coverage for the coverage you have from your work.
For example, you can contact the income protection plan to be at 28 weeks if there is, if your employer does not pay sick pay. The longer the period before the coverage begins to pay the cheaper the premium.
Income protection will continue to pay until (the term often take their retirement age), the end of the term, or until you get to work. If you ask about politics and then return to work, your policy will continue as before.