Income Protection

Income Protection

Income Protection

Be in control; provide your own sick pay.

What is Income Protection?

Income protection does exactly what is says on the tin.  It protects your income. Many people receive little or no sick pay from their employer and the self-employed receive nothing.  Realistically, could you survive on state benefits of £94.25 per week (gov.uk 2020.Feb.3)? Income Protection is a safety net which will protect you if your income stops due to illness or injury.

How much cover do I need?

Everyone is different. We provide you with a full assessment which is based on your income, your expenditure, any provisions from your employer, your available savings and your personal circumstances. We can also provide you with a personalised risk calculation. Our cover is tailor made to fit you and your budget.

Income protection additional information:

  • Income protection can provide a replacement income if you are unable to work through illness or injury

  • Depending on your budget, you can choose to have cover for a short-term from 1, 2 or 5 years, to right up until your chosen retirement age

  • After analysing your employers sick pay provisions and your available savings, we will set your deferred period (period before payments begin) accordingly to make your monthly payments as cost efficient as possible

  • Get a £75 Amazon.co.uk voucher when you take out a policy through us. See our voucher T & C’s for more detail.

Ask us for your personalised risk calculation.
I need advice
If I get life insurance, critical illness cover and income protection will it all be with the same company?

Not necessarily. We use a range of leading insurers to put together a tailor-made solution for you from multiple sources so we may recommend one particular insurer or we may recommend a combination of insurers, depending on what is best for you.

What happens if my health changes after I’ve got a policy?

If your health deteriorates after you have already taken out a policy, an insurer can not cancel your cover. If you are concerned, talk to us.

If I have insurance already can I change/make changes?

It depends on the terms of your plan as some plans are more flexible than others. Talk to us and we can look at this for you.

I think I’m paying too much for my cover, can you find me something cheaper?

Maybe, especially if you took out insurance direct from a bank or building society. Or we may be able to build you better cover for the same price.  Either way, we will be more than happy to review your existing cover for you.

If I need to make a claim will you help?

Yes, we are always happy to help. See out claims page.

I only have a small budget, can you still help?

Yes, of course!  Basic life cover starts from around £5 per month.

Why use us?

We are unbiased, impartial and independent: Sourcing cover from leading insurers, often at a more competitive price than you would be able to get from a comparison site or even from an insurer direct.

No fees: Insurance providers pay us commission, which means that we do not charge you a fee.

We advise: We talk to you to ensure that you have the right cover for your own individual circumstances.

We listen: You tell us what you would want to happen to your family if you die or if you are ill.

We care: Our clients are not numbers to us, we genuinely care about what we do and about the advice which we provide.

Aftercare: If you or your family are ever unfortunate enough to need to claim, let us know and we will do what we can to help. 

You will be making a difference to others: Every year, we donate a proportion of our profits to support a carefully chosen charity.

I have some Critical Illness cover already. Do I need Income Protection as well?

Critical Illness cover normally pays out a lump sum to cover immediate financial concerns when you are diagnosed with a specified critical illness, Income Protection replaces your income when you are unable to work due to an illness or injury that is not necessarily critical.  We will provide a full assessment and ensure that you have the right balance of cover.

If I make a claim, do I have to pay tax on the income?

At this time, any policy proceeds are tax free for individuals claiming.

How much of my income can I cover?

This varies slightly depending on your income and on the insurer, but generally, you can cover around 55-65% of your income.  The limits are there to give you an incentive to return to work.

How much cover do I need?

This really depends on individual circumstances and budget. We will work with you to provide you with suitable cover within your budget.

I have heard that insurers never pay out, is this true?

This is not true. The majority of claims are paid and we can provide you with full statistics from the insurers to prove this.

What is the difference between getting advice and getting a quote on your site?

A quote will give you an indication of the cost, however, that does not necessarily mean that the cover chosen is the most suitable. Our job is to advise you and help you to make an informed decision.

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