Why do paralegals need income protection?
Income protection for paralegals provides monthly payments if illness or injury prevents you from working. With legal work being cognitively demanding, conditions affecting concentration, memory, or mental health are among the most relevant risks — making own occupation income protection particularly valuable.
How does income protection work for paralegals?
Income protection 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, reach the policy end date, or die.
How much does income protection cost for paralegals?
Paralegal work is usually Occupation Class 1 for income protection — offering the most competitive premiums. A healthy 35-year-old paralegal looking for £1,500/month benefit typically pays £25–£55/month depending on the deferred period and occupation class.
Own occupation vs any occupation
Always aim for "own occupation" cover — this pays out if you cannot perform your specific job. "Any occupation" cover is much harder to claim on and is generally not recommended.
Frequently Asked Questions
Occupation class is a key pricing factor for income protection. Paralegal work is usually Occupation Class 1 for income protection — offering the most competitive premiums.
Long-term policies pay until you return to work or retire. Short-term policies (1–2 years per claim) are cheaper but provide less protection.
Yes — income protection is especially important if you're self-employed, as there is no employer sick pay to fall back on.