My job’s fairly safe, I think, but I’m thinking of getting some sort of income protection just in case. How do they work?
Basically, if you have an income protection policy and you lose your job you will receive a payment or payments to tide you over until you find new employment. It is very similar to an insurance policy. If the worst was to happen then you can claim against your policy to receive a payment. There is normally a premium to pay on a monthly basis.
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