An Alternative income source can be added protection
In 2017, ABI states in a report that almost a million people in UK are not able to go home because of some injury or any illness, this results in the loss of pay for the families. Since many families depend on the regular monthly salary, it can be difficult to deal with regular expenses with no income. Income protection insurance can help you overcome such situations. It does act as a perfect alternative to handle regular expenses.
It is a long term insurance policy to help with the financial problems when you are sick or injured and not able to work for the time being. It will act as an income source.