Income protection insurance

How much do you get each month?

We'll pay from £500 to £1,500 a month, subject to eligibility, tax-free, on each successful claim, for up to 12 months. The money could go towards helping you maintain your standard of living and supporting your loved ones.

How long does the policy last?

You pay fixed monthly premiums for the number of years you want your policy to last, from 5 to 52 years, or until you're 71.

What’s a deferred period?

It’s the time between the first day you’re unable to work and when you get your first payment. When you buy your policy, you can choose 4, 8, 13 or 26 consecutive weeks as your deferred period.

The longer your deferred period is, the cheaper your premium will usually be, but the longer you’ll have to wait until we start paying your benefit. Everyone’s personal circumstances are different and when you’re considering what deferred period would most suit your needs, consider how long you could manage financially if your income stopped or reduced if you're unable to work due to illness or injury.

Do you need Income protection insurance?

Consider how you’d cover your usual monthly costs if you were ill or injured and couldn’t work for a while. Would you be able to carry on paying the bills using statutory sick pay or your savings? If not, it's worth thinking about. Our income protection insurance supports you financially if you’re unable to work because of injury or illness. It doesn't cover you if you're unemployed or made redundant. When deciding if you need income protection insurance, you should consider your savings, how long your employer will continue to pay you, and what state benefits you may get after any employer payments stop.