What is income protection?
Income protection insurance is a safety net for your income, in the event of being unable to work due to sickness or disability. This continues until you return to work or you retire.
Typical policies usually payout between 50% to 70% of your normal earnings before tax.
The plan will have no cash in value at any time and will cease at the end of the term. If premiums are not maintained, then cover will lapse.