- Protect your income if unable to work due to accident or sickness
- Short-term and long-term options available
- Can pay out up to 70% of your gross salary
- Affordable monthly premiums
- Policies to suit every need
Income protection is a type of insurance policy that can pay out a percentage of your gross salary to help replace lost income if you’re unable to work as a result of an accident or sickness.
There are various policy types to choose from and you can choose to take your cover out on a short-term or long-term basis.
Which option is best for you will depend on the unique needs of you and your loved ones.
The monthly income payments you receive can be used to help cover any costs your income would typically cover, helping to alleviate financial stress at an already stressful time.
Coronavirus Income Protection
The Coronavirus pandemic has left many people worrying about their income.
Unfortunately, some providers have ceased providing new income protection policies due to the pandemic.
While other providers are still offering cover, there may be some COVID-19 exclusions included in the policy and many policies won’t offer any unemployment cover at this time.
See our income protection insurance Coronavirus article for more information »
While this is a temporary situation, if you’ve fallen on hard times there are government schemes and benefits you can sign up for during these unprecedented times.
Alternatively, seeking the help of a broker (such as Reassured Advice) means you can compare the available offerings on the market to find the most suitable protection at a price within your budget.