These two products are similar in many ways but there is one massive difference.  How long they can pay for. 

Accident and Sickness Cover usually pays out for a period of 12 months if you are unable to work.  If you look hard enough you can find a policy which will pay out for 24 months but what happens then.  Hopefully, you will be feeling well enough to return to work but if not then you will be the mercy of the State Benefit System.

Income Protection Insurance normally pays out until you return to work or reach age 65.  This is a potentially massive improvement on the total which can be paid out.  For example:

A 30 year old earning £30,000.00  per annum who has taken out Income Protection Insurance for 50% of their salary.  The benefit begins to pay out after being off work for 3 months and they never return to work through long term illness and eventually retire at age 65.

 The total payout would be £521,250.00

Remember your ability to go out and earn your money is one of your most important assets.  More important than the car you insure, your jewelry or your washing machine.  Find out how much it will cost to insure yourself with an income protection insurance policy by getting a quote now.