Yes, both provide regular payments when you’re unexpectedly unable to work, helping you maintain your financial obligations. This insurance prevents debt accumulation and gives you peace of mind while you recover from illness or injury. It is important to note that you can get both short-term income payment protection insurance (paying out for 12 – 24 months or when you get back to work, whichever is earlier) or longer-term policies that pay out until you get back to work or retire.