Income Protection, sometimes referred to as Personal Health Insurance (PHI), is designed to replace a proportion of income lost through illness, accident or disability. Rates vary according to the dangers associated with one’s job, age, state of health and gender but PHI is thought to be of particular value to the self employed who do not have an employer to continue paying their salary if they are unable to work.

Critical illness insurance is a policy that pays out a lump sum if you are diagnosed with one of a number of specified ‘critical’ illnesses during the term of the policy, these policies always cover Heart attack, Stroke, Cancer and Multiple Sclerosis (MS) although they also often cover between 30 and 40 additional conditions.

Family Income Benefit is a policy that covers you against death, and or critical illness, however any pay-out is made as an income, rather than a lump sum. This can then be used to meet the ongoing income requirements of you and/or your family.

Accident Sickness and Unemployment (ASU) can be taken out for any purpose to protect your income and to give you peace of mind. The benefits normally only pay for one year on a valid claim if you have an accident, are ill or become unemployed.

Private medical insurance can cover you for private medical treatment and you can choose to add on extra cover, such as dental cover.