There are as many income protection plans as there are life insurance plans. In fact, income protection usually forms part of the best life insurance plans. When you buy life insurance, you need to check to see if features such as income protection are included.

Cheap life insurance may not include any income protection. But if you have bills to meet every month and yours is the main salary coming in, then having income protection will give you and your family peace of mind. So it is worth checking out whether the low cost of that life insurance policy includes income protection.

Some income protection plans do not pay out until several weeks of not working due to illness or injury have passed. These are the cheaper options, so you can have the benefit of being covered without too much expense. However, if you do not have a certain amount of savings, or you do not have any employer paid sickness benefits to call on, you may find yourself in financial hardship before being able to take advantage of your income protection plan.

The best part of searching for life insurance online is that you can check out whether each plan includes income protection. Only by shopping around can you compare the various plans and ensure that you choose one that is right for your needs. You need to be aware of just how much your bills add up to each month before you can choose the right income protection plan.

But you must also take into account that your needs may well change in the near future. You may be planning to have more children or you may have children entering university in the near future. Such events mean that you will be more dependent than ever on income protection if some accident or illness should befall you.

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