Lesson 7
Life, Income and Illness Cover
Read what a protection policy promises: what makes it pay, how much, after how long and until when.
Builds on
The need and the promise
How much protection a household needs, and whether it needs any, is a money question, worked through in Protecting the People Who Rely on You. This lesson is about the contract itself.
Every protection policy answers four questions: what makes it pay (the trigger), what it pays (the benefit), how long you wait before it starts, and when it stops. Read those four and you know what you have bought.