Why do families need income protection?
Families with joint mortgages and shared financial commitments are especially vulnerable to loss of income. If one partner cannot work due to illness, the family budget feels the impact immediately. Income protection for each working parent ensures household costs are covered regardless of which partner falls ill.
How does income protection work?
IP pays a monthly benefit — typically 50–70% of your gross income — if you're unable to work due to illness or injury. Payments continue until you return to work or reach the policy end date.
How much does IP cost for families?
IP for families is priced on each individual's occupation, age, and health — not family status. A healthy 35-year-old can typically get £1,500/month of benefit for £25–£55/month depending on occupation class and deferred period.
Own occupation — always choose this
Always choose "own occupation" cover — it pays if you cannot do your specific job, not just any work.
Frequently Asked Questions
Occupation class is a key pricing factor for IP. IP for families is priced on each individual's occupation, age, and health — not family status.
Yes — and it's especially important without employer sick pay. Cover is based on your net profit.