Income Protection can make your life easier if cannot work due to sickness or injury. If you fell ill would you be able to survive on statutory sick pay? Could you afford to live of your savings?
The amount of income protection cover you need will be determined by your salary. Whether you are self employed or employed this type of insurance can be tailored to suit your individual needs.
Income protection plans that have no investment link have no cash in value at any time and will cease at the end of the term. If you stop paying premiums your cover may end.