This type of cover can pay out a (tax-free) lump sum on the diagnosis of certain life-threatening or debilitating illnesses, or if you have to undergo certain types of surgery.
Life and Protection Insurance
Life and Protection Insurance policies can protect you and your family from the financial consequences of death, a serious accident or illness, or unemployment.
Income Protection Insurance is designed to pay you a regular tax-free monthly income if you become unable to work due to illness or injury.
Life Insurance (sometimes known as Life Assurance) helps provide financial security for people who depend on you, should you die.
Payment Protection Insurance and Short Term Income Protection Insurance can provide a monthly income to help cover your regular outgoings if you can’t work due to an accident, illness/injury or, often as an optional extra, unemployment.
Far from being a luxury, Protection Insurance should be considered essential, especially if you have a family or people that rely on your income.
UK News
Anyone coming into close contact with infected people in England will be told to isolate.
The PM rules out an inquiry into the conduct of his top aide at the height of the coronavirus lockdown.
Schools minister challenged by MPs over whether all primary years in England will go back next month.
Rob Roberts says he was in London but his family "had been reminded" of the government's lockdown rules.
The number of people dying with coronavirus in Scotland has fallen for a fourth consecutive week.