A common theme I’m seeing from clients is the confusion between serious illness cover and income protection.They’re 2 totally different products – it looks like we, as an industry have made a balls of differentiating them.Serious illness cover – pays out a lump sum should you contract a specific illness as defined on your policy.e.g certain types of cancer, stroke, heart attack – so muse be seriously ill for a successful claim.Income protection – pays you an income for as long as you cannot work due to ANY illness or injurye.g backache, stress – once the illness prevents you from doing your job, your policy pays out.Serious illness cover exists to clear debt / pay medical bills.Income protection can provide you with an income for the rest of your life to continue living as you do now