Income protection

What is income protection?

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Income protection refers to an insurance product that ensures you can continue to meet your financial commitments via replacing your or some of your income if you are forced to take an extended break from work due to an accident sickness or injury.

If you can’t work because you’ve had an accident or fallen sick through no fault of your own, income protection insurance pays you an agreed portion of your salary each month. You can then use the money to cover the cost of your monthly mortgage payments, household bills and other costs.

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Types of income protection

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Income protection insurance

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With income protection they can cover you up to a period of two years (to make the premiums lower) or if you are never well enough to return back to work, right up until your retirement age.

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Mortgage payment protection insurance

MPPI is designed to make sure your mortgage is covered if you can’t work, usually for around 12 months

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What you need to get a quote

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In order for us to get the best possible quote, we’ll need to know more about you. The type of things we will ask include:

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Information about your health 

Insurers will need details about you and your family’s health and medical history, including pre-existing medical conditions.

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Information about your lifestyle

Insurers will also ask about your lifestyle habits, including whether you smoke and drink.

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Your age and occupation

The younger you are when you take out a policy, the cheaper it’s likely to be. Your occupation can also affect how much you pay.

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Your partner’s details

If you want joint cover, you’ll need to have your partner’s health and lifestyle details to hand, as well as their occupation.