Income Protection Benefits
Did you know you could protect your income for the same price on average as buying a cup of coffee per day per month?
Check out our brief Income Protection intro video👇🏾
*UK Savings Statistics 2024: https://www.money.co.uk/savings-accounts/savings-statistics
What is income protection?
Income Protection is essentially putting in place your own long-term sick pay arrangement, these are very significant and comprehensive insurance plans that can potentially cover your income right up until your 70th birthday.
These can cover you if you can’t perform your own occupation due to sickness, accident or disability and has the potentially to pay out to you for decades if something was to go really wrong.
How does income protection benefit work?
Payable tax-free rate at an amount up to 60%-65% of your gross income.
- You can still maintain your standard of living until you can return to work when you’re feeling better.
- You don’t need to dip into your savings.
You are covered if you’re employed or self-employed.
- The benefit pays out after your current sick pay ends.
- It will then continue to pay out while you’re signed off work by your doctor.
- It will only stop paying out if you reach the end of the cover term or retirement age without occurs first.
Protecting your mortgage and essential bill payments.
- It is important to make sure you have the means to pay your mortgage, utility bills, council tax, and food bills if you are unable to work.
- Protection yourself from falling into arrears, default, severe financial difficulties and by extension protect your credit score.
How many months could you cope and survive with no income?
The average household in the UK has just over £6,500 in savings, which would only cover just over 2 months of expenses.
Thereafter they would have to decide what bills to miss, what food to go without and even potentially lose their home due to missing mortgage payments and essential bills
Did you know you could protect your income for the same price on average as buying a cup of coffee per day?
Complete your details below and we’ll be in touch to help you with your enquiry
(Takes less than 30 seconds)
More helpful information about your income protection benefit?
Full-term cover
With a plan that pays you for as long as you need—until you go back to work, retire, or your policy ends. For complete peace of mind that you’d always have money coming in.
Short-term cover
Pays out for a set duration (1, 2 or 5 years).
Cheaper than full-term cover, but bear in mind it stops paying after that time – even if you are still unable to return to work.
The waiting period
It is important to consider the waiting period of any policy you are considering – the longer the waiting period, the more you may be able to save on premiums.
Why wouldn’t you protect your income?
The biggest question to ask yourself is once your sick pay with work ends (which it will after only a few months typically) how would you survive with no income?- If you don’t have a solid answer this type of plan is something you should be considering.
Complete your details below and we’ll be in touch to help you with your enquiry
(Takes less than 30 seconds)
Why choose us
✅ Access to all the top insurers – Comprehensive range of options!
✅ Exclusive rates – not available on the high street special deals!
✅ Insurer relationships – Existing medical issues? We can help!
✅ We structure a completely bespoke protection package to suit your needs!
People claim for a variety of reasons.
Income protection cover offers you a monthly income if you’re unable to work due to sickness, accident or disability and are signed off work by your GP.
Common conditions claimed for include:
Musculoskeletal injuries or conditions: Like broken bones or back pain
Mental health conditions: Like stress, anxiety or depression
Other serious illnesses: Like cancer, heart attack or stroke