- Illness leaving you unable to work for a period
- Accident again leaving you unable to work for a period
- Losing your job
They help you to maintain your standard of living while you are not able to work. By paying a monthly premium, if any of those circumstances were to happen, your policy would kick in to allow you to cover your bills, such as your monthly mortgage or rent, loan/credit card repayments or utility bills. Typically the benefit period of these policies is 12 months.
Your professional advisor will be able to advise you on the usefulness of this policy.