Income Protection Insurance.Works when you can't.
If illness or injury stops you working, income protection insurance can provide regular monthly payments to replace part of your lost earnings.
Income protection advice
Why choose us
Life's unpredictable, but protecting your income doesn't have to be. We'll help you compare income protection policies and find cover suited to your earnings, budget and circumstances.
Save Time
Comparing income protection policies can be complicated. Your dedicated adviser will explain your options, compare suitable insurers and guide you through the application process.
Cover That Fits Your Budget
From monthly premiums to the amount of income you could protect, we'll help you find suitable cover that balances affordability with your financial needs and requirements.
Compare Leading Insurers
Different insurers offer different levels of cover, waiting periods and policy terms. We'll compare suitable income protection options to help you make an informed decision.
Income protection insurance typically replaces around 50% to 70% of your gross earnings, depending on the insurer and policy. Payments are generally tax-free for personally funded policies, although different tax rules can apply to employer-funded cover. The amount available depends on your income, employment circumstances and policy terms.
The deferred period is the time you must be unable to work before your income protection payments begin. Common options include 4, 8, 13 and 26 weeks, although these vary between insurers. Choosing a longer deferred period can reduce your monthly premium, but you'll need sufficient savings or sick pay to cover your expenses while waiting.
Some policies pay benefits for a limited period, such as one or two years per claim, while others can continue paying until you recover, reach the policy's maximum benefit age or the policy ends. The right option depends on your budget and how long you would need financial support.
Yes. Income protection can be particularly valuable for self-employed people who don't receive employer sick pay. Insurers generally assess your earnings using financial records, and the amount of cover available depends on your income and circumstances.
Income protection provides regular payments when you're unable to work because of a covered illness or injury. Critical illness cover generally pays a lump sum following diagnosis of a specified serious medical condition that meets the policy definition. The two products serve different purposes and can complement each other.
PROTECTION
Income Protection FAQs
Income protection insurance provides a regular income if you're unable to work due to illness or injury. This can help cover your living expenses and mortgage or rent payments.
Anyone who relies on their income to meet their financial obligations can benefit from income protection insurance.
This includes employees, self-employed individuals, and those with pre-existing health conditions.
The amount of cover you need depends on your lifestyle and financial commitments. Generally, you'll want to aim for a policy that replaces a significant portion of your lost income and enough to pay your monthly outgoings.
A waiting period is the time you must be unable to work before your income protection benefits start. This can be a few days, weeks, or months.
The benefit period is the maximum length of time that you can receive income protection benefits. This can be a limited term or lifelong.
Your income protection benefits may be reduced if you return to work part-time.
Find income protection
For more personalised advice, we will assess your individual needs and recommend suitable income protection policies.