Ongoing Importance of Income Protection Insurance (IPI)

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<h1>Ongoing Importance of Income Protection Insurance (IPI)</h1><strong> Author: <a href='http://www.articleseen.com/profile_Pruprotect.aspx'>Pruprotect</a></strong><br /><p>Income Protection Insurance has undergone scrutiny recently as some have questioned the ongoing need for such insurance. Though some banks and institutions mis-sold the insurance under false pretenses, the need still exists for this insurance. In the blink of an eye, everything you hold dear could slip away with the loss of income. In the midst of a recession, employment is not guaranteed. You could face the loss of employment, a life altering injury or catastrophic illness. When you're life is turned upside down, you should not have to face losing your home, your vehicle, or money needed to feed your family. Life insurance, critical illness cover and income protection insurance can save you and your family from tremendous loss. By choosing income protection, you are protecting not only yourself but your family from financial ruin. If you become too sick to continue working, critical illness cover can fill in for the loss of income. Many people do not have enough savings to compensate for a sudden loss of income. While we all like to believe it could never happen to us, that line of thought could land you in serious financial trouble. The FSA (Financial Services Authority) now monitors banks more closely to ensure the consumer receives fair and transparent income protection insurance coverage. While insurance of any kind is intended to cover the "what ifs" in life, this insurance can protect you and your family from financial instability. Life insurance and critical illness cover also put safeguards in place for your family should you die or become critically ill. If you are worried about your future, you should also consider life insurance and critical illness cover. Life insurance is a policy where a person makes payments to an insurance company every month. When that person dies, his or her beneficiaries are awarded a percentage of the money that was paid to the insurance company. Many companies offer various plans on critical illness protection. You can choose the one that suits and fits your cost and requirements. Sitting in the comfort of your home you can go through various critical illness protection plans and secure yourself. </p><strong>About the Author:</strong><br /><a rel="nofollow" href="http://www.pruprotect.co.uk/customer/life_cover/">life insurance</a><p> Article Source: <a href='http://www.articleseen.com/Article_Ongoing-Importance-of-Income-Protection-Insurance-(IPI)_106540.aspx'> http://www.articleseen.com/Article_Ongoing Importance of Income Protection Insurance (IPI)_106540.aspx</a></p>

Article Source : http://www.articleseen.com/Article_Ongoing Importance of Income Protection Insurance (IPI)_106540.aspx

Keywords : income protection, life insurance, critical illness cover,

Category : Finance : Insurance