Income Protection

If you get ill or lose your job, then the state will not fully bail you out.

Jobseekers’ Allowance is £72.40 per week*. Employment and Support Allowance for those with an illness or disability starts at £72.40 and can rise up to £108.15 per week*.

Some people have to try and survive on this, but for most people it is a big drop in income from when they were working.

Income Protection is a form of insurance that is designed to prevent you having to survive on state benefit rates. You choose the level and duration of insurance payout that you require – up to 50-65% of your monthly salary.

The first type of income protection insurance is short term to cover 12 to 24 months until you get back to work. The second type is longer term and can pay out until retirement age should you not be able to get back to work. Typically you are covered for an accident, sickness or redundancy (that was not expected). Cover is also available if you are self-employed.**

You can choose to have some income protection as part of your menu of insurances. Set your budget and we will see how much life insurance, critical illness cover and income protection we can get for you. Or you can go for the maximum percentage of your salary available in income protection.

Give us a call on 0207 183 3703 to talk about your requirements and we can discuss the options open to you.

There are other providers of Payment Protection Insurance [Short-Term Income Protection] and other products designed to protect you against loss of income. For impartial information about insurance, please visit the website at

* Over 25s.
** Conditions apply.