What does it cover?

• Income Protection covers most illnesses and injuries that leave you unable to work either in the short or long term – however, it does not pay out if you’re made redundant. Here’s how policies usually work:

• It replaces part of your income if you become ill or disabled and are unable to work

• Income protection insurance covers you until your return to work or until retirement, death or your policy ends - whichever is sooner

• You can claim as many times as you need to - while the policy is active

Do I need it?​

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Here are some things you can ask yourself before taking out an income protection policy;

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• What would happen if you got ill or injured and couldn’t afford to pay the bills?

• If you’re employed, do you have sick pay to fall back on -- and how long is this paid for?

• If you’re self-employed, what would you do if you couldn’t work for any reason?

• Is it affordable? You need to set premiums at an affordable level, but also you should make sure the policy will cover your bills if you do make a claim.