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Revision as of 16:32, 15 August 2024
Income protection insurance can be critical in troubled minutes. It is also also called as job loss insurance or redundancy insurance on the inside UK and in some other countries. The policy protects the insured person against any partial or total income loss. The loss could already been due to be able to reasons such as loss of job, the corporation winding up, reduction of pay, and also an accident or illness because of which the person had which gives up process. However do bear in mind that income protection insurance does not cover any pre-existing conditions.
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