How would you cover your monthly bills if you were unable to work? Sadly if you were diagnosed with a serious illness, how would you manage financially? Could you survive on savings or sick pay from work? A policy such as income protection insurance typically pays if you can’t work because you’re ill or injured. You can also usually choose for your cover to remain the same (level cover) or increase in line with inflation (inflation-linked cover). Seeking professional financial advice could help you to decide if income protection insurance is right for you.