Income Protection provides a monthly income if you are diagnosed with an illness that may not be “critical” but is severe enough to stop you going to work for a lengthy period.
If you are in regular employment and entitled to sick pay, your employer will pay you for a set length of time if you become ill. When this income stops, It’s tempting to think you could rely on state handouts and hope for the best. It is extremely unlikely that state benefits are anywhere near enough to maintain a regular lifestyle. You might think you could rely on family or friends, or adjust your lifestyle by cutting back. But is this realistically something you would like to do.
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