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 or injury.
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
Job prospects for younger workers are likely to be hit by Budget measures, Lord Wolfson tells the BBC.
It comes after customers complained of not being able to plan for price rises.
The World Bank predicts global economic growth of 2.7% this year amid concerns living standards will struggle to improve.
The former central banker for the UK and Canada pitched himself as a someone who can help a country navigate economic challenges.
The strike dates suspended are Sunday 19 January and Sunday 26th January.