What different types of income protection are available?

What types of income protection are available?

There are several types of income protection policies available:

• Accident cover only - this policy will only provide an income to the insured in the case of an accident
• Accident and Sickness - this policy will provide an income to the insured in the case of an accident or sickness
• Accident, sickness and unemployment -  this policy will provide an income to the insured in the case of accident, illness or unemployment
• Short term - this policy will pay out an income to the insured for a short period, typically six to twelve months
• Long term - this policy will pay out an income to the insured until they can return to work or retire
• Guaranteed - the premium paid will remain the same throughout the term of the policy unless the policyholder increases the cover
• Reviewable - the premiums paid can increase due to age or changes to the policyholders health
• Age-related - premiums increase every year in line with the policyholders age