There are two distinct types of protection cover, the first provides a lump sum of money when you die, which could be used to help pay off any outstanding mortgage, or left to your family.

The second type of protection cover provides you with an income if you have an illness or accidental injury resulting in you being unable to continue working. Some also include unemployment cover, if you are made redundant for instance. This could offer peace of mind and provide monthly payments towards your financial obligations, such as mortgage payments, utility bills, credit cards and other outgoings.

It might all seem a bit confusing at first. But if you take it step by step and think about what you want from a product, you’ll find something that’s right for you.