Why do high earners need income protection?
High earners have the most income to protect — and the highest lifestyle costs to maintain if they can't work. Income protection can cover up to 70% of gross income, preserving your financial standard of living during a prolonged illness or injury.
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 high earners?
IP for high earners is priced on occupation class — many high earners are Class 1. Higher benefit amounts may require financial evidence of income. 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 high earners is priced on occupation class — many high earners are Class 1. Higher benefit amounts may require financial evidence of income.
Yes — and it's especially important without employer sick pay. Cover is based on your net profit.