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Not quite. When you take comprehensive car insurance, you can be confident your car-related risk is covered. Income protection insurance only covers a small part of your risk of losing your income. I was a bit mislead by the name until I read the fine-print & found out the limited set of...

What worries me about such insurance is not what it covers, but what it DOESN'T cover. There are significant risks left uncovered, like losing your job, or divorce, or being caught by one of the small clauses of the insurance contract, or something happening to your kids. That's why I...

It is a good basis to understand why financial advisers are pushing for it so aggressively, typically using scare tactics. There is an obvious conflict of interest there that you need to aware of. The "You need it" argument is an emotional decision. There are many risks in life you can't...

I thought about it and decided against it when I found out that the "financial adviser" who was pushing for it was getting something like 50% of the insurance premium as a commission. There are other ways to protect yourself, like looking for properties with a higher yield and having...