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.
Protection
How much cash would your family need to maintain their current lifestyle if you die prematurely?
More InfoLife 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.
Life Insurance (sometimes known as Life Assurance) helps provide financial security for people who depend on you, should you die.
Payment Protection Insurance and Short Term Income Protection Insurance can provide a monthly income to help cover your regular outgoings if you can’t work due to an accident, illness or injury.
Far from being a luxury, Protection Insurance should be considered essential, especially if you have a family or people that rely on your income.
UK News
After Chancellor Rachel Reeves cried in parliament this week, how acceptable is it to show emotion at work?
President Trump's budget bill will add to the US debt pile but is there a limit to how much the rest of the world will lend Uncle Sam?
One in 10 cars bought in the UK are Chinese owned, new figures suggest.
The move comes ahead of a deadline that may see much higher import taxes on goods coming into the US.
As President Trump weighs tariff plans, he will have one eye on the US economy.