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Latest revision as of 02:47, 21 September 2024
Income protection insurance can be critical in troubled circumstances. It is also known as as job loss insurance or redundancy insurance within the UK in conjunction with some other countries. The quilt protects the insured person against any partial or total income loss. The loss could have been due to various reasons regarding loss of job, vehicle winding up, reduction of pay, actually an accident or illness because that the person had giving up the actual. However do bear in mind that income protection insurance does not cover any pre-existing conditions.
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