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There are so many occupations that an individual could take up as their profession. Some professions may need a list of qualifications from an individual or applicant and some may not. Whether you are qualified or not some employers offer a train as you work programme.

These are often known as apprenticeships. You gain work experience as well as gaining a qualifications whilst doing a job and this job can often be a job of your choice. If you were to choose to have a profession such as being a builder, a gardener, and electrician or anything that involves you using tools it is always advisable to take out some form of insurance.

You can find this sort of insurance can be costly but could you afford to replace all of your tools if they were stolen or damaged? For a regular monthly premium in return you will be offered cover such as buildings cover. You should also consider taking out some form of Critical Illness Insurance

Every insurance company that offers life insurance, Critical Illness Insurance and whole of life insurance has a survival period. A survival period is put into place to ensure that if the life insured develops a critical illness they have a period of time before the benefits of the insurance policy will be paid out. Typically a survival period is 14 days and some companies don’t have a period of survival.

This is put into place to generally stop people taking out insurance knowing that they have something wrong with them and then trying to make a claim on an insurance policy so that they will be paid out with the policy benefits.

This is known as a fraudulent claiming. There are generally lists of around 42 critical illnesses that are covered by insurance companies. Not all insurance companies cover the same amount of illnesses so you will need to check with the insurance provider if you have any concerns.

Unfortunately nobody can predict the future but we can try and help cushion the financial blow if you were to become ill or if an accident was to happen with an income protection policy or a Critical Illness insurance plan.

Generally an income protection policy benefits are based upon the applicant’s gross monthly income so this would be the amount that they would apply for when looking at this type of policy.

If the applicant was receiving any benefits or had any other insurance polices in force these will need to be disclosed at the time of application as they may affect the amount of benefits payable to the individual in the event of a claim. Income protection policies have a deferment period on them, which is a period of time for example one day, one week, four weeks, thirteen weeks, twenty six weeks, fifty two weeks etc where a claim and benefits of the policy will not be paid out.