Income protection insurance covers the individual policy holder against a range of eventualities which include redundancy. Therefore, should you find yourself losing your job you will be able to call on the protection cover in your time of need.
While different policies offer various benefits, you will find that with income protection insurance, redundancy cover is usually set as standard. This is great peace of mind, especially in this day and age where no job is really deemed safe.
Policies can be compared for the benefits they offer, so it won’t be difficult choosing the right level of cover for you and your situation.