Income Protection Glossary of Terms
Payment Protection
An optional insurance policy which covers the cost of mortgage or loan repayments for an agreed period of time in the event of sickness, injury or unemployment.
Other definitions:
- Accident Protection
- ASU (Accident Sickness Unemployment Insurance)
- Income Protection
- Payment Protection
- Permanent Health Insurance
- Redundancy Protection
- Unemployment Protection
Income Protection Guide
- What is Income Protection?
- What are the differences between the types of plan?
- What should I think about when choosing a policy?
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