In the event of accident, disability or illness there maybe a need to replace lost income in the event of accident, disability or illness, there maybe a need to cover the cost of your monthly mortgage payments, or if you are the main earner in a family, you may need to maximise the potential income.
When a need has been identified within this area, the typical solution will either be an income protection policy or an accident and sickness policy or a combination of the two.
Payment Protection Insurance is optional. There are other providers of Payment Protection Insurance and other products designed to protect you against the loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk