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Compare Income Protection Insurance quotes from these insurers & more

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Compare Income Protection Insurance quotes from these insurers & more

Since 2006 we have helped 310,754 people compare protection quotes.
We would love to do the same for you...

What type of cover are you looking for?

1. Income Protection Insurance

This provides monthly tax-free payments in the event that you cannot work due to long-term sickness or disability. More info

Income Protection Insurance pays out a sum of money every month in the event that you are unable to work due to sickness or injury. The money can be used to cover your regular expenditure like mortgage payments, household bills and other living expenses.

Premiums are paid monthly and the cover is set to pay-out for a period of time, either short term (1-5 years) or up to the age of retirement. The amount that the income protection policy will pay out every month is typically limited to 65% of your monthly salary or income.

The Premiums are affected by various factors including the monthly sum insured, salary, existing health conditions, lifestyle issues like smoking and high BMI, age, occupation and any regular dangerous pursuits.

A good way to reduce the cost of the premiums is to defer when the policy pays out after a claim is registered. It is worth considering whether your employer offers any sickness benefits or whether you have any savings to extend the deferment period.

> Select

2. Income Protection Insurance with Fracture Cover

This provides monthly tax-free payments in the event that you cannot work due to long-term sickness or disability including a lump-sum payment of up to £6,000 for a bone fracture or ligament damage. More info

Income Protection Insurance pays out a sum of money every month in the event that you are unable to work due to sickness or injury. The money can be used to cover your regular expenditure like mortgage payments, household bills and other living expenses.

Premiums are paid monthly and the cover is set to pay-out for a period of time, either short term (1-5 years) or up to the age of retirement. The amount that the income protection policy will pay out every month is typically limited to 65% of your monthly salary or income.

The Premiums are affected by various factors including the monthly sum insured, salary, existing health conditions, lifestyle issues like smoking and high BMI, age, occupation and any regular dangerous pursuits.

A good way to reduce the cost of the premiums is to defer when the policy pays out after a claim is registered. It is worth considering whether your employer offers any sickness benefits or whether you have any savings to extend the deferment period.

> Select

Can't decide?

For free advice, speak to a UK-based adviser (8am–8pm Mon-Fri & 9am–2:30pm Sat)

> Call 0800 316 6917*

* The telephone service is provided in partnership with LifeSearch Ltd

What about Covid-19?

This product alone offers no cover against Covid-19

Products containing a Life Insurance element (like a Combined Protection policy which can include Life Insurance, Critical Illness Cover, Income or Mortgage Protection) will cover you against Covid-19.

Find out more about how the Covid-19 pandemic affects Protection products

About Income Protection

What is Income Protection Insurance?

Income Protection Insurance provides regular monthly payments if you are unable to work for an extended period of time due to sickness or injury as a result of an accident. It is essentially designed to replace lost salary income or other regular income if self-employed.

A few products still offer protection from unemployment, but most policies will only provide cover for sickness or injury.

Why is Income Protection Insurance important?

Many people wrongly assume the Welfare State will provide for them in times of need, but the reality is that the State benefits available only provide a very basic level of support. Some major employers will also offer support, but this is often quite limited.

Also, most people have limited savings and will very quickly suffer financially if they cannot work. Income Protection Insurance offers a solution to protect families if unexpected crises occur, especially when you consider that every year one million people in the UK find themselves unable to work due to serious illness or injury.

What affects the cost of Income Protection Insurance cost?

The cost of Income Protection Insurance is determined by several factors including:

  • current salary & income levels - claims are set to pay around 65% of the monthly income
  • how long the cover should pay-out - some policies will pay out for 12 months only, some for up to 5 years and some up to the age of retirement
  • how long before the cover starts - you can decide whether the policy pays out on the first day of a claim, or the first month, or after 3 months, as well as options in between existing health conditions
  • lifestyle concerns like smoking or high BMI
  • occupation - some professions are more high risk for accidents than others

What is the difference between Income Protection Insurance and Critical Illness Cover?

An Income Protection Policy pays out a regular monthly sum if you cannot work for health reasons whereas a Critical Illness policy pays out a lump sum and only for specific illnesses.

Also, an income protection policy can pay out for several claims and a critical illness policy only allows for one claim.

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Top Tip for Income Protection Insurance

You can reduce the monthly premiums by delaying when a claim will pay out. In some cases employers will offer additional financial benefits above and beyond the statutory sick-pay, and if you also have some savings, it is worthwhile delaying when the claim starts to maximise the protection when you need it most.

The quotation service is provided by an FCA-authorised insurance specialist

Why use BritishLife?

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Professional and no-nonsense approach

Very thorough yet friendly service. Good contact and information one can understand.

Heather Cronley - 2020

How much does Income Protection cost?

The cost of your monthly premiums will depend on your age, health, lifestyle, occupation, whether you smoke, the amount of cover you take out and the length of the fixed term.

* A majority of customers who went on to purchase achieved a quote based on the figures above for level term, life-only (without critical illness cover) single person policies. BritishLife data May 2019 to April 2020.

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Life Insurance *

Age Avg premium
18-24 £10.80 /month
25-34 £12.46 /month
35-44 £21.47 /month
45-54 £27.12 /month
55-64 £35.68 /month
65+ £53.72 /month

About Us

BritishLife is an independent business looking to do big things - like get more British families protected financially should the worst things happen.

We offer our customers access to some of the very best quotes, guidance and advice on protection insurance through a number of carefully selected partnerships with some of the best specialist firms in the UK.

They provide competitive rates from a wide range of insurers but critically they understand the importance of value over simply price - getting the right advice can save you a lot of money.

Since 2006 we have helped over 300,000 families compare protection quotes, and we would love to do the same for you.

Best wishes
The BritishLife Team