Income protection cover is designed to provide you with a regular tax-free benefit if you are injured or too ill to work, resulting in a loss of earnings. Being too ill to work is likely to affect your earnings. What this effect may be, and how soon it will happen, will depend on your personal circumstances. Income protection insurance is designed to reduce the impact of this loss of earnings.
Whilst generally the level of cover you can have is linked to your earnings, some cover is also available if you’re a Houseperson too.
Under an income protection policy, you pay regular premiums to an insurance company and, in return, they agree that – subject to certain conditions – they will pay you a benefit if you are too ill to work.
Read more about how Income Protection works in our Resource Hub.
How we can help
Our expert advisers are here to help you understand if income protection is the right option for you. This will be discussed during your mortgage process so that you have peace of mind that you've explored cover for every eventuality.
As part of your mortgage process, your adviser will talk you through the most suitable cover for your needs, ensuring you get the best deal possible.