Far from being a luxury, Protection Insurance should be considered essential, especially if you have a family or people that rely on your income.
Life and Protection Insurance
Life and Protection Insurance policies can protect you and your family from the financial consequences of death, a serious accident or illness, or unemployment.
Income Protection Insurance is designed to pay you a regular tax-free monthly income if you become unable to work due to illness or injury.
This type of cover can pay out a (tax-free) lump sum on the diagnosis of certain life-threatening or debilitating illnesses, or if you have to undergo certain types of surgery.
Life Insurance (sometimes known as Life Assurance) helps provide financial security for people who depend on you, should you die.