Frequently asked questions
Income protection insurance can provide an income if you’re unable to work through sickness or injury - covering your essential outgoings.
You’re more likely to be off work sick or with an injury than you are to pass away before retirement. Whilst you may receive sick pay from your employer, not everybody does and some people overestimate how much they get. Income protection can provide that financial safety net.
Income protection covers you for most illnesses that leave you unable to work: stress-related illnesses, back conditions, cancer or a serious heart condition. The focus is on not being able to work, as opposed to the illness or injury you’ve sustained.
You won’t be covered for pre-existing and chronic conditions that you knew about before taking out your policy, alcohol or drug misuse, criminal acts, cosmetic surgery or redundancy.
Income protection policies can be divided into two general types: short-term and long-term. A short-term policy, as its name implies, only gives you an income for a present limited time, such as six or 12 months. Long-term policies pay you for as long as the policy allows, which might be right through to your retirement or a longer set period, such as 40 years.
Of course. income protection insurance is available to self-employed, primary carers, part-time workers, contractors and more; our expert advisers can provide you with a tailored quote.
Even if you have some difficulty proving your income, there are plenty of options available.
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Frequently asked questions
Income protection insurance can provide an income if you’re unable to work through sickness or injury - covering your essential outgoings.
You’re more likely to be off work sick or with an injury than you are to pass away before retirement. Whilst you may receive sick pay from your employer, not everybody does and some people overestimate how much they get. Income protection can provide that financial safety net.
Income protection covers you for most illnesses that leave you unable to work: stress-related illnesses, back conditions, cancer or a serious heart condition. The focus is on not being able to work, as opposed to the illness or injury you’ve sustained.
You won’t be covered for pre-existing and chronic conditions that you knew about before taking out your policy, alcohol or drug misuse, criminal acts, cosmetic surgery or redundancy.
Income protection policies can be divided into two general types: short-term and long-term. A short-term policy, as its name implies, only gives you an income for a present limited time, such as six or 12 months. Long-term policies pay you for as long as the policy allows, which might be right through to your retirement or a longer set period, such as 40 years.
Of course. income protection insurance is available to self-employed, primary carers, part-time workers, contractors and more; our expert advisers can provide you with a tailored quote.
Even if you have some difficulty proving your income, there are plenty of options available.
LifeSearch compare quotes from all major UK insurers. Advice offered is free and all quotes given are without obligation. LifeSearch Limited is an Appointed Representative of LifeSearch Partners Limited, who are authorised and regulated by the Financial Conduct Authority. Calls may be monitored/recorded.
*Prices where indicated in adverts are based on the below criteria, as of 08/06/2023. Prices quoted may vary depending on your own individual circumstances including age, medical history, the sum assured, length of policy - and other variables.
Life Insurance from £5 per month:
25 year old female client- non-smoker- level term assurance £100,000 over a 25 year term - £5.34 pm
Family Income Benefit from £5 per month:
30 year old Male client- non-smoker- looking at £500 to be paid each month over a 18 year term - £5.50 pm
Critical Illness Cover from £10 per month:
25 year old male client- non-smoker- level term critical illness £25,000 over a 25 year term- £8.35 pm
Mortgage Protection Insurance from £5 per month:
30 year old female client – non-smoker- decreasing £100,000 over a 25 year term- £5.48 pm
Income Protection Insurance from £10 per month:
35 year old male client- non-smoker- admin assistant- 3 month deferment period- £1,000 to be paid out each month for a maximum of two years per individual claim- covering him up to the age of 65- £10.12 pm
Over 50s Insurance from £20 per month:
50 year old male client- non-smoker- over 50’s plan to pay out £5,511 for £20pm
65 year old male client- non-smoker- over 50’s plan to pay out £3,278 for £20pm