Ultimate financial safety net
If you are unable to work due to sickness or injury, who will pay your bills?
With income protection cover, your essential living costs are paid for each month, if the worst should happen.
Mortgage/rent & utilities
Sports & hobbies
What is Income Protection?
Income protection insurance provides a tax-free income for you and your family if you are unable to work due to illness or accidental injury.
It offers you peace of mind that your living costs and financial obligations are taken care of until you are back on your feet.
There are two types of income protection:
- Short term income protection: monthly payments for a set term, for example, 1-, 2- or 5-year benefits schemes.
- Long term income protection: The highest level of protection for your income. It pays a monthly benefit up to retirement if you are unable to return to work.
We have you covered
High risk occupations
High risk sports
- A tax-free income if you can’t work due to sickness or injury
- Fracture, Ligament and tendon benefit options
- Daily Hospitalisation benefits options
- From day 1 payouts available
- Covers injuries at work, home and during sport activities
- High-risk sports and occupations covered
- Life cover for high-risk sports and occupations
How it works
We tailor our advice and income protection cover based on your specific circumstances and requirements. Drawing on over 28 years of experience, buying insurance with us isn’t a chore and follows a simple process of understanding the following to get your best value and comprehensive cover:
- You and your family details
- Health and lifestyle
- Employment and income
- Monthly commitments
When should I consider an income protection policy?
If you have any financial commitments, ask yourself how much do you get paid if you are off work? Is it enough to cover ALL of your financial commitments to retirement?
If the answer is no, then you need income protection insurance. You may receive full sick pay for a period of time. But if you are off work long term, what happens when that sick pay finishes?
Another ideal time to consider income protection cover is during major lifestyle changes, including:
Buying a house
The birth of a child
Changing jobs or promotion
Why do I need Income Protection?
Did you know that on average a UK household spends £2,538 a month to cover living expenses, including rent or mortgage?
Unless you have savings or other means of financial support, it can be difficult to keep up with essential outgoings if you are out of work. Statutory Sick Pay (SSP) and company sickness policies often cover you in the short term. But income protection provides the most suitable long-term protection to help you with mortgage or rent payments, household bills and other living costs.
Self-employed individuals don’t have the (short-term) luxury of an employer sickness scheme and they are not entitled to SSP. So, income protection acts as a safety net if you are self-employed, protecting your livelihood and income.
How we can help
Here at Properly Protected we specialise in income protection for all your family, business and sports enthusiast needs. We understand how important protecting your family, income and lifestyle is to you should the worst happen, which is why we offer income protection plans that are tailored specifically to your cover and cost requirements.
Get income protection insurance as you need it, at a price to suit you. Get in touch with the Properly Protected team today for a free income protection quote.
The above cover is available across several different policies and all cover is subject to underwriting and individual circumstances.