Income protection pays a regular monthly income if you’re unable to work due to illness or injury. It’s not a lump sum, it’s a replacement for your salary, paid until you’re able to return to work or until the policy ends.
You’re self employed There’s no sick pay when you work for yourself. If you can’t work, you don’t earn. Income protection gives you a monthly income to cover your essential costs while you recover.
Your employer’s sick pay is limited Statutory sick pay is £116.75 per week. For most people, that won’t cover even the basics. Income protection tops up or replaces your salary so you can focus on getting better.
You have a mortgage or rent to pay Your financial commitments don’t stop because you’re ill. Income protection makes sure they’re covered, giving you one less thing to worry about during a difficult time.
You have dependants If other people rely on your income, the impact of you not being able to work extends far beyond you. Income protection keeps things stable for your whole household.
How does it work? You choose a waiting period — typically one, three or six months — after which the policy kicks in. The longer the waiting period, the lower the premium. We’ll help you find the right balance between cost and cover.
We’ll talk you through your options honestly, compare policies across the whole market, and make sure you get the right level of cover at a price that works for you.
We aim to respond to all enquiries within one working day. If your matter is urgent, please call us directly.
