Protecting your income: the insurance that matters most
Chapter 1 of 5
The idea
If you earn $35,000 for 35 years, your future earnings are worth over $1.2 million.
The main types
Income protection pays a monthly amount if illness or injury stops you working. Life insurance pays a lump sum to dependants if you die. Critical illness pays a lump sum on diagnosis of specific conditions. If others rely on your income, income protection and life cover usually come first.
Predict first
Which is more likely during a working life: a long illness stopping work, or dying before retirement?
Money Pro
Unlock the full deep dive.
5 chapters, a real case study, your own action plan and a mastery check. Every Pro lesson on investing, tax, property, self-employment, retirement and protection, all Pro tools, and everything in Plus. From £7.99 a month.
Get Money Pro