Income Protection
If illness or injury stops you working, Income Protection can replace part of your income, subject to the policy’s terms. Explore how it could fit alongside your sick pay and savings.
Request a no-obligation adviser call. We’ll contact you to discuss your needs; the enquiry does not provide an instant online price.
Keeping financial commitments in view
Income protection can provide a regular benefit after a qualifying period if illness or injury prevents you from working, subject to the policy. The graphic shows continuity across an interruption; your deferred period, benefit amount and claim terms need individual review.
What is Income Protection?
Income Protection can provide regular payments if you cannot work because of illness or injury and meet the policy’s claim conditions. It replaces part of your income, rather than necessarily your full earnings.
Who is it for?
It may be relevant if you rely on your earnings to pay bills, whether you are employed or self-employed. Consider how long your savings and any sick pay could support you.
What does it cover?
Payments start after the agreed waiting period. Check how the policy defines being unable to work, what income it covers and any exclusions. Illness and injury cover does not automatically include redundancy.
Longer Payment Periods
Some policies can pay until you return to work or reach another policy limit, such as its end date. The precise conditions depend on your policy.
Limited Payment Periods
Some policies limit each claim to a set payment period, such as one or two years. This is different from the overall length of the policy.
Choose a waiting period with your existing support in mind. An adviser can explain the options.
Why might you need it?
A period away from work can put pressure on regular outgoings. Think about essential expenses, other household income and existing support when considering the benefit amount and waiting period.
Important considerations
- Check your employer’s sick pay and existing insurance first.
- Understand the policy’s definition of incapacity and how it relates to your occupation.
- Compare the waiting period, claim payment limit and overall policy term.
- Check how the insurer treats your medical history and whether premiums can change.
Ready to discuss Income Protection?
Tell us that you would like to discuss Income Protection and request an adviser call about your circumstances and options.
Your enquiry is no-obligation. An adviser will contact you to discuss suitable options before you decide whether to apply.
