Income protection insurance can be critical in troubled circumstances. It is also often referred to as job loss insurance or redundancy insurance in the UK and within some other countries. The coverage protects the insured person against any partial or total income loss. Losing could have been due to numerous reasons regarding loss of job, vehicle winding up, reduction of pay, or even an accident or illness because of which the person had to give up work. However do keep in mind that income prot...