Ultimately, people would always go for the life assurance plans as this is the most common type of insurance that majority of the people around the world would take. However, if you are the type who would simply want to make sure that everything is under control, Life and Income Protection Cover will surely get your attention. This is the type of combination where you get the usual stuff and then some extra for your own benefit. You get to have the common life insurance where you get paid if something goes wrong in your life whole income protection covers your salary in case you are unable to go to work. If you think about it, these two should actually go hand in hand. While it will definitely have a higher monthly premium to pay, you know that it is worth it because if in case something happens to you, something else will have you covered like a shield to a knight in the middle of a sword fight. It would be a very wise thing to do to have both as you could end up receiving twice the benefits if your condition would fit both the description of what the insurance policy covers.