SPECIALIST ADVICE
Income protection
Income protection can provide a monthly benefit after a chosen waiting period when illness or injury prevents you from working under the policy definition.
Protect part of your income if illness stops you working
Income protection can provide a monthly benefit after a chosen waiting period when illness or injury prevents you from working under the policy definition.
Benefit amount
Base cover on eligible earnings, essential spending and insurer limits.
Deferred period
Coordinate the waiting period with savings, employer sick pay and other resources.
Claim length
Compare short-term payment periods with cover that may continue to retirement.
Occupation definition
Understand how the insurer determines whether you are unable to work.
Income protection FAQs
Does income protection cover redundancy?
Standard income protection is designed for incapacity caused by illness or injury, not ordinary redundancy.
Can self-employed people apply?
Yes, subject to evidence of earnings and the insurer’s underwriting and benefit limits.
When would payments begin?
After the selected deferred period and acceptance of a valid claim under the policy terms.
YOUR SMART MORTGAGES CONTACT
Discuss your plans with the right adviser.
A protection adviser will structure cover around your sick pay, work and budget.