What are the conditions for cancelling long term income protection cover?

The correct answer relates to the conditions under which long-term income protection cover can be cancelled. When the policyholder stops paying premiums, the coverage is typically considered nullified, as the contract stipulates that continued coverage is contingent upon the timely payment of premiums. If premiums are not paid, the insurer has the right to terminate the policy.

In the context of long-term income protection, it is vital for policyholders to understand their ongoing financial obligations, as failure to meet these can result in loss of coverage. While the other conditions mentioned may involve scenarios where the policy might end, neither the policyholder's request for cancellation nor the policy reaching maturity directly apply to the automatic termination of the policy. Therefore, the cessation of premium payments is the most definitive condition that leads to cancellation of long-term income protection cover.