When considering income protection, the question you will need to ask yourself is, ‘How would you and your family cope financially if you were unable to work because of illness or accidental injury’. According to the department of work and pensions, over one million employees each year experience one or more spells of long term absence (over four weeks).
The money you may be entitled to from the Government may not be as much as you might expect. Following Government reform of the State Welfare system, claimants now undergo a much stricter and comprehensive medical test to determine if they are eligible to receive any benefits, and if so how much.
Income Protection can provide you with a regular income if you are off work because of illness or accidental injury during the cover term.