Every type of insurance has a history of where it started and now we are going to look at income protection insurance. This type of insurance started as accident insurance but it was then changed when it started covering illness. This happened because the starters noticed that people are suffering once they undergo long illness period. It has divided into different types such as disability income and salary protection. They can purchase by an individual person or be supplied by the employers or company one is working for. Short term covers 70-80% of your income while long term covers 60% of your income. The 60% has a policy that if one is in any kind of disability should not pay tax in other words; his or her pay is not taxed if the premiums are paid. This is always cheap and it discourages con. More information about this is available on income protection insurance websites.