Yes, you can get income protection insurance if you're self-employed.
In fact, income protection is particularly important for those who are self-employed.
If you were unable to work for a period of time due to no fault of your own, could you afford to pay the bills?
Could you continue to support your family financially?
Unfortunately, the self-employed don’t have the financial security of employee sick pay.
Therefore, unless you have sufficient savings in place, income protection may be a sensible choice.
At Reassured, we don’t currently provide income protection, but we can help you arrange other types of insurance that self-employed people should consider.
Income protection in a nutshell
- Provides a tax-free monthly income whilst you're unable to work due to an illness or injury
- Pay out can be used to cover mortgage, bills and livings costs
- Covers an agreed percentage of your pre-tax income
- Choose from short-term and long-term pay out options
- Claim more than once during the term of the policy
- Available up to age 70
For example, critical illness cover (CIC) offers a tax-free cash lump sum pay out if you were unable to work due to a serious illness.
Critical illness cover can also be added to some life insurance policies, allowing you to make an early claim on your policy if you were to become seriously ill.
Get in touch with our award-winning, FCA registered broker service to find out what your options could be for critical illness cover.
Continue reading to learn more about income protection insurance for self-employed and how to find the best cover for you...