Income Protection is the humdinger, the gold standard – the cat’s pyjamas of protection.Income protection fuels your money train so it can keep on chugging through your bank account even if you can’t get to work.Like magic, you’ll continue to receive up to 75% of your income should you be unable to work due to any sickness or injury until you can get back to your job.However, there are a few little eligibility snags to keep in mind.To even be eligible for this gem, you need to be employed for over 16 hours a week.However, a little bonus here is that even the self-employed can access Income Protection (and if you’re self-employed and you don’t have it, well, you’re in my prayers)As with most forms of insurance, Income Protection also weighs in the risk factor from your job. So Aaron, the accountant, will pay less than Charlie, the carpenter.Now let’s get to the real nitty-gritty of this type of insurance and the factors that will increase or even lower your premium.