Income protection insurance

Image of a woman with a model of a family in front of a model house and car to illustrate the benefits of income protection insurance from Cathedral Independent Planning LtdIncome protection insurance provides you with an income if you are prevented from working due to illness or injury but does not cover redundancy. It is usually equivalent to 50-65% of your salary and is tax free. The policy usually pays out until the terms of the insurance end, you go back to work or you retire.