Why do people with terminal illness need income protection?
Income protection already in force before a terminal diagnosis can continue to pay benefits. If you don't yet have a policy, getting cover now — before any health changes — is critical.
How does income protection work?
Income protection pays 50–70% of your pre-disability income as a monthly benefit, after a chosen deferred period (typically 4–52 weeks). It continues until you return to work, the benefit period ends, or you retire.
How much does income protection cost for people with terminal illness?
Once diagnosed with a terminal illness, new life or critical illness policies are extremely difficult to obtain. Some over-50s guaranteed acceptance plans may still be available — a broker can advise. A 35-year-old can typically get £2,000/month of benefit from around £30–£60/month depending on occupation class.
Frequently Asked Questions
Yes — income protection is available to people with terminal illness. Once diagnosed with a terminal illness, new life or critical illness policies are extremely difficult to obtain. Some over-50s guaranteed acceptance plans may still be available — a broker can advise.
Yes — most comprehensive UK income protection policies cover mental health conditions including depression and anxiety, which are among the most common reasons for claims.