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Please fill in our quick quote form to instantly compare Income Protection quotes from many of the UK’s leading providers.
Income Protection Insurance will pay you a monthly income (around 50% - 65% of your usual monthly income dependent upon your policy) should you no longer be able to continue working due to an injury or disability.
This tax free income will continue until you are well enough to return to work or until you reach your retirement age.
Most employers will only pay you sick pay for up to four weeks and then you will need to rely on the state so if you are unable to work for a long period of time then income protection will cover you for this time and help avoid you relying on state benefits.
There is a deferred payment date in which you determine how soon after the incident you begin to receive your payments. Usually, the longer you can defer payment the lower you income protection insurance premiums will be.
Please note that Income Protection does not cover you against Unemployment or Redundancy. For this, you will require Unemployment Insurance which covers you for 1-2 years dependent upon your policy.
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