INCOME PROTECTION
Could you maintain your
lifestyle if you couldn’t work?
If illness or injury prevented you from working, income protection could provide
a regular monthly income to help cover your essential outgoings while you
recover. We’ll help you compare the available options so you can decide
whether it’s suitable for your circumstances.
✔ Monthly income if you’re unable to work due to illness or injury
✔ Flexible Cover Choices
✔ Clear information to help you make an informed decision
Income Protection Essentials
💷 Protecting Your Income
Income Protection is designed to provide a regular monthly income if illness or injury prevents you from working, helping you continue meeting your financial commitments.
👨💼 Supporting the Self-Employed
If you’re self-employed, taking time away from work can have a significant financial impact. Income Protection may help provide valuable financial support while you’re unable to work.
🏡 Helping Protect Your Home
Many people arrange Income Protection to help ensure they can continue paying their mortgage and household bills if they become unable to work.
⚙️ Flexible Policy Options
Policies vary between insurers and can be tailored to your occupation, income, waiting period and benefit level. We’ll explain the options available and help arrange cover if you decide it’s right for you.
Why Consider Income Protection?
Your ability to earn an income is one of your greatest financial assets.
If illness or injury prevented you from working for several months, would your savings be enough to cover your mortgage, household bills and everyday living costs?
Income Protection is designed to provide a regular monthly income if you’re unable to work due to illness or injury, helping to provide financial stability while you focus on your recovery.
Understanding Your Options
Income Protection policies can be tailored to suit different occupations, lifestyles and financial commitments.
Depending on your circumstances, you may wish to consider:
💼
Employed Income Protection
Designed for people employed by a company or organisation, helping replace part of your income if you’re unable to work due to illness or injury.
👨💻
Self-Employed Income Protection
Particularly valuable for self-employed individuals who may not receive company sick pay if they’re unable to work.
⏳
Deferred Periods
You can usually choose how long to wait before benefits begin, allowing you to coordinate your cover with employer sick pay or available savings.
📅
Benefit Periods
Policies can provide benefits for a fixed period or continue until you’re able to return to work, retire or reach the end of the policy term, depending on the cover selected.
We’ll explain how the different options work, answer your questions and help arrange cover if you decide it’s right for you.
Important Information
We do not provide regulated insurance advice.
We’ll explain the options available, provide clear information about the different types of Income Protection and help arrange a policy if you decide to proceed, allowing you to make an informed decision based on your own circumstances.
What Can Affect the Cost?
The cost of Income Protection depends on several factors.
Your Age
Premiums generally increase as you get older.
Occupation
Your occupation is one of the biggest factors, as some jobs carry a higher risk than others.
Health
Your medical history and current health may affect the premium or policy terms available.
Deferred Period
A longer waiting period before benefits begin will often reduce the monthly premium.
Income
The amount you wish to protect will influence the premium.
Benefit Period
Policies providing benefits for longer periods generally cost more than those with shorter claim periods.
Frequently Asked Questions
Thinking About Income Protection?
Whether you’re buying your first home, moving house, remortgaging or reviewing your existing protection, we’ll help you understand how Income Protection works and arrange cover if you decide it’s right for you.
Explore Related Mortgage Guides
Many of our clients explore more than one mortgage option before deciding what’s right for them. Here are some related guides that may also be useful.