Understanding Income Protection Insurance Basics
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Income protection So if you are off work due to an accident, illness or injury and signed off with a sick note, you could look to make a claim on this insurance so your main outgoings are covered Income protection can cover up to 70% of your annual income or 80% if you have a limited company as this insurance can be paid through your business if it’s limited Even if you have sick pay through work, you can still look to having some protection in place so it pays out after your work sick pay ends
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