Income protection can provide you with a regular income should you be unable to work due to illness or injury. The policy can make sure you receive an income until the day you’re ready to return to work again, which takes a lot of pressure off your shoulders during what could be a stressful time.

Do I need it?

Income protection is something you should consider having in place if you wouldn’t be able to meet your financial commitments if you were unable to work.

Some people don’t think they need it because they have sick pay through their employer. Although this might be correct, it’s worth reading your employee contract closely to see exactly what sick pay you’re entitled too, as it might be less than you think. It may cover you for short-term sickness, but what if you were off for six months or more?

Income protection insurance usually covers a wide range of illnesses and situations and has the potential to pay out for many years, offering a great deal of peace of mind.

The cost of a policy will vary based on your individual circumstances and takes into consideration things such as, your age, employment and health.

If you’d like to take out income protection or speak to a professional about it in more detail to decide whether it’s right for you or not, please get in touch with us today and our brokers can assess your circumstances.