This type of cover can pay out a (tax-free) lump sum on the diagnosis of certain life-threatening or debilitating illnesses, or if you have to undergo certain types of surgery.
Life and Protection Insurance
Life and Protection Insurance policies can protect you and your family from the financial consequences of death, a serious accident or illness, or unemployment.
Income Protection Insurance is designed to pay you a regular tax-free monthly income if you become unable to work due to illness or injury.
Life Insurance (sometimes known as Life Assurance) helps provide financial security for people who depend on you, should you die.
Payment Protection Insurance and Short Term Income Protection Insurance can provide a monthly income to help cover your regular outgoings if you can’t work due to an accident, illness or injury.
Far from being a luxury, Protection Insurance should be considered essential, especially if you have a family or people that rely on your income.
UK News
Inflation falls in the year to March as the price of petrol drops.
The UK accounting regulator says it will look at whether EY met accounting standards.
The shift comes as Beijing refuses to back down in an escalating trade war with Washington.
The chip manufacturing giant, which has been at the heart of the AI boom, will require licences to export its H20 AI chip to China.
British exports have been hit with tariffs by US despite having no trade deficit, but the UK may have some leverage.