Mortgage protection is a term that is often confused with mortgage insurance. The latter protects the lender if you should default on your payments for any reason.
There are many different kinds of insurance and accident and sickness insurance is one of them. Every insurance company has policies that cover accident and sickness.
If you have trauma insurance and you suffer from a major illness you will be paid a lump sum upon diagnosis of the illness.
More people these days are seeing the need to have adequate income protection cover, but not all bother to do the right kind of research to ensure they get the best fit for their needs. Certainly, you do need to look at the premiums, but there is more to income protection than that. You can…