Glossary
Income protection
Income protection insurance is a policy that protects you against loss of income due to unemployment, illness or accident. Group income protection can be offered as an employee benefit which can be offered as a group scheme by businesses.
Insurance broker
A broker will search the whole of the market to find the best insurance product for your needs, at the best price. They are not usually tied to a particular insurance company.
Insurance provider
The insurance provider is the company which provides the cover to protect you against medical or other expenses. Each provider will offer a range of insurance products and different types of insurance.
Intermediary
An intermediary is another name for an insurance broker.