Income Protection

What is Income Protection?

Income protection provides a regular monthly income in the event of you being unable to work due to accident, injury or illness and continues until you are able to return to paid work or you retire.
Providers have limits on the amount they are willing to cover you for but this is normally up to 50% of your annual income, paid out on a monthly basis.

Will the cover vary depending on my job role?

Income protection has different levels of cover relating to your inability to work; these fall into two common categories:
Own occupation: this is the highest level of cover. If you are unable to carry out any aspect of your own occupation, the policy would pay out,
Suited tasks: this cover will pay out if you have transferable skills and are still able to work in a different occupation.