NewsBeat
Eight ways that people could get on top of their finances at an ‘admin party’
Pure protection products help people deal with financial shocks. They typically include life insurance, which pays out in the event of death or a terminal illness; critical illness cover, which pays a lump sum if the policyholder is diagnosed with a specified serious illness; and income protection insurance, which provides regular payments if someone is unable to work due to illness or injury.
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