Income Protection Insurance UK

Protect Your Income and Mortgage Payments from as Little as £3 P/Month*

Obtain Financial Security, Mortgage Protection Insurance, Off-Work, Accident, Sickness and Illness Cover.

Compare the Market for Income Protection Quotes

Excludes: Unemployment, Redundancy & Over 60's

Our Panel's Top Awards Include:

Compare all these income protection insurers

aig
aviva
legal and general
liverpool victoria
the exeter
Zurich
aig
aviva
legal and general
liverpool victoria
the exeter
Zurich

Income Protection Insurance

What Is Income Protection Insurance?

  • Ensure financial security during unforeseen events with Income Protection Insurance.
  • Choose from short-term and long-term options.
  • Receive up to 70% of your salary if unable to work.
  • Enjoy affordable monthly premiums, starting from just 20p a day*.
  • Customizable coverage options to fit your specific needs and budget.

 

Income Protection Insurance is a policy that provides you with a percentage of your regular income in case you're unable to work due to sickness or injury.

The payments you receive can help cover essential expenses, reducing financial stress during a challenging time.

You have the choice of short-term coverage (up to two years) or long-term coverage (payments until retirement).

The right option for you depends on your specific situation and budget.

Working with a broker, like Reassured Advice, can help you find the best income protection insurance that fits your needs.

 

Why Do I Need Income Protection?

Losing the ability to work can greatly impact your finances, making it difficult to manage expenses.

Income Protection Insurance can provide peace of mind for those concerned about financial stability in case of illness or injury.

Income Protection Insurance can be particularly beneficial if you:

  • Are self-employed
  • Do not receive full sick pay
  • Lack personal savings
  • Do not have another source of income (e.g. partner or spouse).

 

Income Protection Insurance provides financial support by replacing lost income due to inability to work, allowing you to maintain your standard of living with minimal disruption.

Income Protection Insurance payments can assist with:

  • Rent or mortgage payments
  • Household bills and utilities
  • Daily living expenses
  • Childcare costs
  • Debt repayment
  • Leisure activities expenses.

How Does Income Protection Work?

Income Protection Insurance provides financial support by paying a portion (typically 50-70%) of your income if you're unable to work due to injury or illness.

The payments are made in monthly installments, tax-free, to help you manage expenses while unable to work.

During the application process, you'll select a waiting period, or deferred period, which is the time after which your payments will start.

Waiting periods usually range from 4 weeks to 12 months, but can be adjusted to fit your individual needs.

Once the deferred period ends and you are still unable to work, your payments will commence and continue until one of the following occurs:

  • End of payment period
  • Return to work
  • Retirement
  • Policy termination.

 

What Does Income Protection Insurance Cover?

Income Protection Insurance provides coverage for illness or injury, including:

  • Long-term serious illnesses preventing work
  • Accidental injuries (at home or work).

The payments received can be used towards various expenses, including but not limited to:

  • Mortgage or rent
  • Household bills
  • Family living expenses
  • Childcare costs
  • Debt or loan payments
  • Leisure and travel expenses
  • Food and other essential costs.

 

What doesn’t income protection insurance cover?

Income Protection Insurance will not provide coverage for:

  • Pre-existing conditions
  • Death
  • Unemployment
  • Redundancy
  • Self-inflicted injuries
  • Illnesses or injuries resulting from alcohol or drug abuse.



Get a Quote

Prefer To Speak To An Expert ?

Cookies close

We use necessary cookies to make our site work. We'd also like to set optional analytics cookies to help us improve it.