What is Income Protection Insurance?
Income Protection ensures financial security if you’re unable to work due to illness or injury. You pay a monthly premium, and if sidelined by health issues, you receive tax-free payments until you can work again or reach retirement, covering essential outgoings and maintaining your standard of living.
- Insure up to 70% of your income tax free
- Make as many claims as you need to
Do I Need Income Protection Insurance?
It’s vital for anyone reliant on their earnings to meet daily expenses. A staggering 31% of UK adults have had their working lives disrupted by health issues or family bereavements. Income Protection helps mitigate the financial strain during such critical times.
SSP provides just £116.75 per week and is payable for up to 28 weeks by employers. Given its limited duration and amount, it’s hardly enough to cover regular outgoings, making Income Protection a crucial safeguard.
~ Tom, Cover Direct
How Long Does Income Protection Insurance Take to Payout?
Payments typically commence after a deferred period, chosen based on your existing sick pay arrangements. This waiting period helps lower your premiums.
- Desired monthly payout.
- The waiting period before benefits start.
- Your job.
- Age and health status.
Every day people are making life changing decisions.
Read our case studies to understand how we can help with your own circumstances
Common questions about Income Protection
5 star Life Insurance.
We've helped thousands of people find the right cover. Read their stories:
"Amazing"
"Amazing"
"Amazing"
"Amazing"
"Amazing"
"Amazing"
"Very happy"
"Very happy"
"Very happy"
"Very happy"
"Very happy"
