Income Protection

Income protection is a type of insurance that can provide a regular monthly income if you’re unable to work because of illness or injury. It helps you keep up with essential financial commitments while you recover.

If you’re unable to work due to a covered illness or injury, you can make a claim. Once your deferred period has ended and your claim is accepted, your policy will pay a regular monthly benefit until you return to work, your policy ends or the maximum benefit period is reached.

If you rely on your income to pay your mortgage or rent, household bills and other living expenses, income protection could provide valuable financial support if you’re unable to work.

The amount paid depends on your policy and circumstances. Most insurers pay a percentage of your regular income, subject to their terms, conditions and maximum limits.

Yes. Income protection can be particularly valuable for self employed individuals, contractors and freelancers who may not receive employer sick pay if they’re unable to work.

Income protection is designed to provide regular monthly payments if you’re unable to work due to illness or injury. Critical illness cover pays a one off lump sum if you’re diagnosed with a serious illness covered by your policy.

This depends on the policy you choose. Some policies pay benefits for a set period, while others continue paying until you return to work, retire or reach the end of the policy term.

At Mortgage Experience, our experienced protection advisers take the time to understand your circumstances before recommending income protection that’s tailored to your needs, budget and financial commitments.