This type of cover can pay out a (tax-free) lump sum on the diagnosis of certain life-threatening or debilitating illnesses, or if you have to undergo certain types of surgery.
Life and Protection Insurance
Life and Protection Insurance policies can protect you and your family from the financial consequences of death, a serious accident or illness, or unemployment.
Income Protection Insurance is designed to pay you a regular tax-free monthly income if you become unable to work due to illness or injury.
Life Insurance (sometimes known as Life Assurance) helps provide financial security for people who depend on you, should you die.
Payment Protection Insurance and Short Term Income Protection Insurance can provide a monthly income to help cover your regular outgoings if you can’t work due to an accident, illness or injury.
Far from being a luxury, Protection Insurance should be considered essential, especially if you have a family or people that rely on your income.
UK News
The Bank rate was cut in August but many analysts do not expect any further reductions this year.
The Federal Reserve makes its first cut to interest rates since 2024, and signals more to come.
The UK government hopes the investment will create more than 7,600 "high-quality jobs".
The event comes as Meta faces ongoing scrutiny over the impact of its products, particularly on children.
Borrowing costs are not guaranteed to come down much more than they already have, even after this week's rate cut.