Just wondering if in general people have income protection or sickness insurance? I took out a policy about 4 years ago and (as expected) the price has risen steadily ever since. It would pay out about 3/4s of my salary for up to 24 months and it's the sort of policy that if I was long term sick I'd also be able to claim benefits which would (in theory) make up the shortfall.
I've worked for the same company for quite a lot of years but they're a family-run, very loyal sort of business so even though we contractually have 6 weeks sick pay, when others have been seriously ill, the company has always paid employees until they're able to return. Obviously that's not guaranteed or written into contracts so can't be relied on.
Just wondering if in general these policies are worth having and if others pay for them too? If I were to cancel, I'd probably struggle to get another as after I signed up I was put on meds for high BP. This is well controlled now but I'd have to declare that for a new policy and would probably come with all sorts of exclusions.
Anyway, not looking for advice as such, just wondering what others do and whether these policies are worth having. Mine costs £60pm.