Why do young adults need income protection?
Young adults entering the workforce are the most financially vulnerable to loss of income — with limited savings and no financial track record. Income protection at a young age is very affordable and provides cover that lasts a lifetime of work.
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 young adults?
Young adults attract the lowest IP premiums — typically Occupation Class 1 for most starting roles. 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. Young adults attract the lowest IP premiums — typically Occupation Class 1 for most starting roles.
Yes — and it's especially important without employer sick pay. Cover is based on your net profit.