Income protection insurance can be critical in troubled circumstances. It is also also called as job loss insurance or redundancy insurance ultimately UK in conjunction with some other countries. The coverage protects the insured person against any partial or total income loss. Losing could also been due to various reasons regarding loss of job, the winding up, reduction of pay, actually an accident or illness because that the person had in giving up task. However do keep in mind that income protection insurance does not cover any pre-existing conditions.
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