If you’ve ever been the breadwinner for your family or had a job that requires you to be physically fit, you’ll be familiar with the worry, “how will I pay the bills if I get sick or injured?” While it’s not a pleasant thought, it is a worry rooted in reality.
The good news is, you don’t have to live with this worry. Critical illness insurance and income protection insurance both give you financial relief if you become ill or injured and cannot work, but they differ in when and how your pay-out will be given.
As with any type of insurance, this is one you hope to never have to use, but the peace of mind it can offer you is immense. Both critical illness insurance and income protection insurance will give you financial security should something bad happen, but what’s the difference, and which one do you need? Read on to find out.