If you couldn't work, how long could you last?
Plenty of people could manage for a few months on savings. Income protection pays a regular monthly income, typically 50–70% of your gross earnings, if you can't work due to illness or injury. It is an underused piece of protection.
Initial consultations are completely free of charge. There's no obligation to proceed and there is no fee for protection advice.
Should you fail to disclose or misrepresent a fact, then you risk the insurer only paying part of a claim, declining to pay all of the claim or possibly declaring the policy invalid.
- Monthly income (not a lump sum)
- Short and long-term benefit periods available
- Own occupation definition, the strongest protection
- Deferred periods from 4 weeks to 2 years
- Self-employed policies with different assessment rules
What is income protection?
Income protection replaces part of your monthly income if illness or injury stops you working. Rather than paying once, it pays regularly, and it keeps paying while you are unable to work, in some policies right up to retirement.
The parts that shape it are how long you wait before payments start, how long they carry on, and how the insurer defines being unable to work. Those choices move the price a lot, so they are worth getting right first time.
Questions about Income Protection Insurance
Talk to me before you decide anything.
Free call, no commitment. I'll give you the honest picture and a recommendation that's right for you.
Initial consultations are completely free of charge. There's no obligation to proceed and there is no fee for protection advice.