Income Protection insurance is a type of income protection insurance policy that provides you with a financial benefit should you be unable to work for medical reasons. Sick pay insurance policies vary from provider to provider, offering different limits and payment schedules.
It provides a monthly benefit in the event that you find yourself unable to work due to illness, bodily injury or disease, and a lump sum in the event of accidental death. This means you can take the time you need to recover without having to worry about bills mounting up.