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Income Protection

Income Protection is a type of insurance policy designed to provide financial support in the event that an individual is unable to work due to illness, injury, or disability. This insurance typically pays out a regular income, often a percentage of the individual’s salary, to help cover living expenses and other financial obligations when they are unable to earn their regular income. It is designed to provide a safety net to ensure that individuals can continue to meet their financial responsibilities during periods of incapacity. Income protection policies vary in terms of coverage and duration, so individuals can choose a policy that suits their specific needs.