Hopefully this article has given you a better understanding about income protection vs critical illness cover.
Which option is right for you will depend on various personal factors such as your lifestyle, what you want to protect and your available budget.
Those who’re self-employed and/or do not receive sick pay from an employer, may wish to secure income protection as a long term policy can provide protection for the rest of your working life, providing peace of mind.
Those who receive sick pay or have other forms of finance available may be more suited to critical illness cover as the lump sum pay out can help to top up any other forms of finance.
Speaking to an expert is always the best idea if you’re unsure about which cover option is right for you.
Why not speak to the Reassured Advice team to find out everything you need to know about income protection and critical illness cover?