Income Protection Insurance

[EmMum06]

does anyone use income protection insurance?

no, we looked into it and was hefty and didnt pay out for 3mths and only covered mortgage interest so we decided better to try and save 3mths salary to cover major emerganys (ie losing our jobs)

I have permanent health insurance and critical illness insurance. The permanent health insurance pays out on injury and critical illness on things like cancer.
The permanent health insurance covers the period where I am unable to do my own job (you need to be careful about this as many say work not your own job) and I have it because my job is very risky.
I have the critical illness cover so that if I had cancer etc the last thing we would have to worry about would be money.
I have to say I started both in my mid twenties so the premiums are low because of that. I pay £15 for critical illness and £125 for permanent health (high premiums due to high risk of injury).
The critical illness pays out on diagnosis and permanent health after 6 weeks.

critical illness is covered under life assurance and pays out cancer etc