Income protection insurance and pure term life insurance are two distinct types of insurance policies, each serving a different purpose:

1. Income Protection Insurance: This type of insurance, as explained in the previous response, provides a portion of your income if you are unable to work due to illness, injury, or disability. It is designed to replace lost income during such periods and helps you maintain your financial stability.

2. Pure Term Life Insurance: Pure term life insurance, often referred to simply as term life insurance, provides a death benefit to your beneficiaries if you pass away during the term of the policy. It does not offer any cash value or savings component, making it a straightforward and more affordable option compared to whole life or universal life insurance.

These two policies have different purposes:

Income Protection Insurance primarily focuses on providing income when you cannot work due to disability or illness while you are alive.

Pure Term Life Insurance focuses on providing financial protection to your loved ones by paying out a death benefit if you pass away during the term of the policy.

If you want comprehensive protection that covers both scenarios (income replacement while alive and a death benefit), you may consider a combination of both types of insurance. This approach can ensure that you and your family are financially protected during your lifetime and that your loved ones receive a financial payout in the event of your passing.

It's essential to carefully evaluate your financial needs and priorities to determine whether you need income protection insurance, term life insurance, or a combination of both, based on your specific circumstances and goals.