Income protection insurance is an increasing phenomenon in which more and more people are now taking this insurance policy. The reason is not only down to the economic recession in the UK but also down to the fear that people now have of losing their homes. By taking out these policies that is paid on a monthly basis people can secure their income against the value of the home. John Taylor for example, a self-employed window cleaner recently had an accident and could not continue to perform his day job. As John had purchased income protection he was covered for the duration of time that he was out of work. The peace of mind of having this type of insurance was priceless according to John and his family and he definitely reaped the rewards for having the policy even if it was an unfortunate situation to be in.