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Income protection insurance can be critical in troubled times. It is also also called as job loss insurance or redundancy insurance the particular UK in conjunction with some other countries. The policy protects the insured person against any partial or total income loss. Losing could to be able to due to several reasons since loss of job, the company winding up, reduction of pay, and also an accident or illness because that the person had giving up work. However do bear in mind that income protection insurance does not cover any pre-existing challenges.

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