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
These plans are more geared towards making budgetary numbers add up than fundamental welfare reform.
Families in the US are trying to dodge higher prices from tariffs, as worries rise about the economy.
The move comes as part of an overhaul of the welfare system as the UK's benefits bill rises.
People on long-term sickness and disability benefits tell the BBC they fear how cuts will affect them.
How Personal Independence Payments (Pip) and other health-related benefits could change under government plans.