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Income Protection Insurance
These policies let you be financially stable ‘til you start working again. You can always have a part of your income saved for emergencies with the help of Mortgage Protection or Income Protection Insurance. Even if you were to lose your job, you can claim from your policy and you could receive your monthly benefit for the next 12 consecutive months during the time you are not working.
The payments would run out after the 12 months have passed. Once you get back to work, you must work for 6 months at a stretch to be eligible to make a further claim. Your family, lifestyle and home can be sustained by this protective shield for the time that you are searching for a new job.
If you need to protect your mortgage, you should go for the Mortgage Protection Insurance (MPPI). For any more advice on taking out income protection uk just visit www.antinsurance.co.uk.