Income protection insurance helps replace part of your regular income if illness or an injury prevents you from working. It can provide financial support for essential expenses such as mortgage payments, household bills, and daily living costs. Policies usually pay a percentage of your income after an agreed waiting period and continue for a specified period or until you return to work, depending on the terms. Before choosing cover, compare premiums, benefit amounts, exclusions, and waiting periods to find a policy that suits your financial needs.