Income Protection Insurance

[SueEllen]

I have Income Protection from Scot Equitable - 8 week lag (I have enough put away to cover the 8 weeks), pays me enough to cover the bills..

I've something similar from Scottish Provident.

The idea of the plan is that if I'm incapacitated I will have a payout to near retirement age.

I've had three friends who have had sporting accidents in the last 3 years who couldn't work for 4 to 9 months. Luckily for them they are all permies who found they had just another sick pay to cover them.......

[Dow Jones]

Check the small print

If you have more than one IP insurance, then it's going to be means-tested, so a permie that gets paid for time off won't be able to claim on a separate policy-pretty obvious, as the 1st thing insurances do is try to avoid paying up!