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
The UK's 2030 ban on the sale of new petrol and diesel cars is said to be driving the trend.
Boss Satya Nadella said it was the biggest investment the firm had made outside of the US.
The Federal Reserve is expected to make its first cut to interest rates since 2024.
An agreement to reduce tariffs on UK steel to zero in short order was welcomed with some fanfare in July.
Earnings figures for the three months to July are used for the yearly increase.