Protection
Income Protection Insurance: A Salary Safety Net for Your Family
A monthly replacement income if illness or injury stops you working. It is the policy people are least likely to have and most likely to need.
- Monthly benefit
- Own occupation cover
- Ideal for NHS staff
- Whole of market
Free, no obligation, and no credit check to get started.
Most households can survive a few weeks without an income. Very few can survive a year. Income protection pays a monthly amount, usually between 50 and 65 percent of your gross earnings, until you can return to work or until the policy ends.
Unlike critical illness cover, it does not depend on a specific diagnosis. If you cannot work, it pays.
How Long Before It Pays
You choose a deferred period, commonly four, thirteen, twenty six or fifty two weeks. The longer you wait, the cheaper the cover. The right choice is usually just after your employer’s sick pay runs out, which is why knowing your own sick pay terms matters before you buy.
NHS sick pay steps down with length of service, typically full pay for a period, then half pay, then statutory only. Setting the deferred period to match that step down is usually the most cost effective choice. See our NHS mortgage advice.
Own Occupation Matters
Own occupation means the policy pays if you cannot do your own job. Any occupation means it only pays if you cannot do any job at all, which is a far harder test to meet. Own occupation costs a little more and is worth it in almost every case.
Short Term or Full Term
Short term policies pay for a limited period, often one or two years per claim, and cost less. Full term policies can pay until retirement age. Short term suits a tight budget. Full term is the version that genuinely protects a household.
If You Are Self Employed
There is no sick pay behind you at all, which makes this the most important policy on the site for anyone self employed. Insurers will assess your income from accounts or tax calculations, so keep those current.
What It Costs
Price depends on your age, occupation, the benefit amount, the deferred period and how long the policy pays for. Manual occupations cost more than desk based ones. Choosing a longer deferred period is usually the most effective way to bring the premium down without weakening the cover.
No paperwork and no credit check. An adviser calls you back with your real options.
Start nowor call 0117 370 6363Frequently Asked Questions
How much will it pay?
Typically 50 to 65 percent of gross earnings. Insurers cap it deliberately so there is always a financial incentive to return to work.
Is the benefit taxed?
Benefits from a personal policy are normally paid free of income tax. Employer arranged schemes are usually treated differently.
Does it cover redundancy?
No. Income protection covers illness and injury. Redundancy cover is a separate and much more limited product.
What about mental health conditions?
Most policies cover them, and they are among the most common causes of claim. Existing conditions may be excluded, and insurers vary.
Can I claim more than once?
Yes. Full term policies can pay for multiple separate claims until the policy ends, subject to the deferred period each time.
Find out what your income is worth insuring
One short conversation about your sick pay and your outgoings, and a real number at the end.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Sick pay entitlements vary by contract and length of service. Check your own terms and conditions.
Cover levels, premiums and policy terms depend on your age, health and circumstances. Policy exclusions apply and are set out in the insurer’s key features document.
For mortgage and insurance we do not charge any fee as we are remunerated by commission from lenders and providers.
Infinity Financials Ltd is directly authorised and regulated by the Financial Conduct Authority, FCA registration number 993949. Infinity Mortgage is a trading style of Infinity Financials Ltd.