Income Protection Insurance - What Is It and Do I Need It?

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In the current climate, it’s fair to say that we are all so grateful for our income. The last year or so has been really tough on so many people financially, and we’ve all realised the importance of a roof over our heads and food in the cupboards.

With that in mind, why are so many of us unprotected when it comes to life insurance? And particularly income protection insurance? It makes total sense to insure your income, so that if you are unable to work due to injury or illness, you can continue to keep the bills paid and the family warm and fed.

About income protection insurance

Income protection insurance sits under the umbrella of life insurance. When you take out an income protection policy, you pay monthly to your provider to allow you to claim if you were to become too ill or injured to go to work for a prolonged period of time. Claiming on an income protection policy provides you with a percentage of your salary (usually between 50-70%) and enables you to continue meeting your financial responsibilities.

Income protection insurance is different to your standard life insurance policy as it is designed to pay out whilst you’re still around, rather than upon death. It also differs in that it pays out in regular, manageable chunks as opposed to one large lump sum.

Would You Purchase Adult Games For Your Children?

I'm quite strict when it comes to the apps and games the Mini Mes play. I get a notification every time they download something to their Kindle Fire HDs but they know to ask beforehand and I have a thorough look at exactly what it is they wish to play. I don't want them to be subjected to anything inappropriate, mainly to prevent nightmares at their age, and it can be hard for a child to distinguish the difference between reality and the virtual world at times, especially when graphics today are far more advanced than when I was a child. You can never be certain of the long term effects adult themed games can have on young minds either so I'd rather be safe than sorry.

My Voucher Codes recently sent me a survey on gaming habits, as part of their research into how social media and technology impacts our lives, and the results were quite shocking to read in Digital Connect Magazine. As many as 30% of UK parents purchase adult games for their children, with 35% not even playing them beforehand to see if they are suitable. These games often include violence, drugs and sex similar to the games listed below and I would definitely not let the Mini Mes watch or play things that are aimed at those aged 18 and over - however much they may protest in the future. 

Age restrictions are in place for a valid reason, surely?