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Income Protection Insurance

If you’re unable to work because of illness, an income protection policy pays out a proportion of your monthly income, offering peace of mind and security against lost earnings until you were able to work again. Get a quote through our sister company Usay.

GET A QUOTE

01285 864670

Weekdays 9am-5pm

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Income Protection Insurance

GET A QUOTE

01285 864670

Weekdays 9am-5pm

Request a callback

About Income Protection Insurance

Future-proof your earnings

Safeguard the future of your income

Tailored income protection cover

Get cover that is relevant to your needs

Income protection when you need it

Income protection insurance that pays out when you need it to

Income protection cover by Direct Debit

Split your income protection insurance payments into monthly instalments

Features of Income Protection Insurance

Standard cover

Peace of mind through income protection insurance

If you’re unable to work because of illness, the policy pays out a proportion of your monthly income, offering peace of mind and security against lost earnings until you were able to work again.

Cover self-employed income

If you are under 60 and are self-employed, with no sick pay to fall back on - meaning if you don’t work, you don’t get paid - income protection insurance can cover your lost earnings until you can work again.

Income protection insurance experts

Usay Compare are a market leading comparison service and, like Towergate, are part of The Ardonagh Group. Their team of experts will take out the hard work of finding a suitable income protection policy by supplying the best and most cost-effective quotes for you and your specific needs.

Get a free no-obligation quote

Usay Compare's expert advisers can both advise you on the best income protection insurance policy for you, and search the market for the best price.

Income Protection Insurance FAQs

What is income protection insurance ?

This policy pays a tax free weekly or monthly lump sum while you are off work for any health-related reason.

What are the benefits of income protection insurance?

It covers up to 70% of your monthly income, helping pay your ongoing bills. There are different levels of cover you can chose to suit your financial needs and budget.

Can I get income protection insurance if I am self-employed?

Yes.

When can I make a claim?

This depends on your circumstances:

Your income protection policy will have a deferral period – usually between 1 and 52 weeks - and if your company offers full sick pay, then you would only need to claim once that ends.
If your company only offer statutory sick pay, then you may wish to opt for a shorter deferral in order to cover the loss of income.
If you are self-employed, again a shorter deferral will likely be needed.

Note that the shorter the deferral period, the larger your premium will be.

Is the pay out tax-free?

Yes.

Are there any exclusions?

We have provided a summary of the key features of the policy above. For details of the terms and conditions applicable, please refer to the insurance product information document and policy wording, which are available during the quotation process.

Most policies do exclude drug and alcohol misuse and self-inflicted injuries.

Who needs income protection insurance?

Each year one million workers find themselves unable to work (ABI).

If you are of working age, have monthly outgoings and don’t have indefinite sick pay from your employer – or enough savings to keep you going indefinitely – you should consider this policy.