Financial Services > Income lnsurance > Income Protection Insurance > Introduction
Income Protection Insurance is an insurance product that pays out a tax-free monthly income to the policyholder should he or she be unable to work due to a long-term illness, sickness, accident of disability.
Research has found that more than two million Brits aged between 20 and 64 have been off work for a period of more than six months, while roughly 25 per cent will take more than a month off work each year.
This is where income protection insurance can help, as it provides peace of mind and offers financial security to protect your lifestyle and family at times when money may be hard to come by.
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