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Why get Income Protection?
If illness or injury stops you from working, Income Protection Insurance pays you a regular, tax-free income—so you can stay on top of your mortgage, bills, and everyday expenses. It gives you long-term financial security, rather than relying on limited sick pay or draining your savings.
Many policies also include added benefits like rehab support, access to medical specialists, and mental health services—helping you recover faster and return to work on your terms.
We compare top UK insurers to find the right policy for your needs, helping you protect your income and lifestyle with confidence.
Questions About Income Protection
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What is Income Protection Insurance?Income Protection Insurance ensures financial security by providing up to 70% of your salary if you're unable to work due to illness or injury. With affordable premiums, this policy helps cover essential expenses, reducing financial stress during tough times. You can choose between short-term coverage (up to two years) or long-term protection (payments until retirement), with customisable options to fit your needs and budget.
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Why do I need Income Protection?Losing the ability to work can put a serious strain on your finances, making it difficult to cover essential expenses. Income Protection Insurance provides peace of mind by replacing lost income due to illness or injury, helping you maintain your standard of living with minimal disruption. It’s especially beneficial if you're self-employed, don’t receive full sick pay, or lack savings or other sources of income. Payments can help cover rent or mortgage costs, household bills, daily expenses, childcare, debt repayments, and even leisure activities, ensuring financial stability when you need it most.
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I get 3 months full sick pay from work. Do I still need Income Protection?Yes, income protection can still be valuable. Many policies allow you to delay payments until after your employer’s sick pay ends, meaning your cover kicks in just when you need it. If your illness or injury lasts longer than three months, your income protection can continue supporting you long after your sick pay stops.
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I have a pre-existing condition. Can I still get income protection?Yes, you can still apply for income protection, but the cover may vary. Some insurers may exclude pre-existing conditions, while others may offer cover at a slightly higher premium. It’s always worth speaking to an adviser who can help you find the best provider for your situation.
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What does Income Protection not cover?Income Protection Insurance is designed to cover loss of income due to illness or injury, but it does not provide coverage for certain situations. These include pre-existing conditions, unemployment, redundancy, self-inflicted injuries, or illnesses related to alcohol or drug abuse. It also does not act as life insurance, meaning it won’t provide payouts in the event of death. Understanding these exclusions ensures you choose the right coverage for your needs.
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How does Critical Illness Cover differ from Income Protection?Critical illness cover provides a one-off lump sum if you're diagnosed with a serious illness covered by your policy, such as cancer or a heart attack. In contrast, income protection pays out a regular monthly income if you're unable to work due to illness or injury. Income protection helps cover ongoing living expenses, whereas critical illness cover provides an upfront financial cushion. Many people choose to have both for comprehensive protection.
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How much does Income Protection cost?The cost of income protection depends on several factors, including your age, occupation, health, the level of cover you choose, and the waiting period before payments start. Policies can be tailored to fit different budgets, and we can help you find the best option at an affordable price. Get a free quote today to see what works for you.
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What if I stop working? Is my policy cancelled?If you stop working, your policy may no longer be valid since income protection is designed to replace lost earnings. However, some providers offer flexibility, such as pausing or adjusting your policy. If your circumstances change, it’s best to contact your insurer or adviser to discuss your options.
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Get in touch
If you want to speak with one of our team, you can drop us an email or pick up the phone and give us a call.
0161 527 0744
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