The Risks of Paying for a Personal Policy

The overriding factor is we can only advise for what you see in front of you. There's absolutely no point in paying for cover that you can use. The personal policy is to cover a loss of income and if the work policy replaces that income, you can make a claim. You could possibly speak to your existing provider and say, is there any way we can shove the defer period back? It would save you money on the premium. But if the work plan covers everything you need, just cancel your personal plan. There's no sense in wasting that money.