Woman in hospital bed looking out of the window

What is income protection cover?

Sometimes known as permanent health insurance, income protection is an insurance policy that pays out if you're unable to work because of injury or illness. Income protection usually pays out until retirement, death or your return to work, although short-term income protection policies, which last for one, two or five years, are also available at a lower cost.

Income protection is linked to your gross earnings and many providers will limit the amount in proportion to your income, usually 50-75%. On claim, the monthly benefit is tax-free and will be paid if you're unable to work because of illness or injury.

At outset you would specify a deferred period; typically, 4, 8, 13, 26 or 52 weeks along with the amount of benefit you require, along with how long you want the benefit to be paid for. Full term or short term.

Why protect yourself with income protection insurance?

Knowing you are protected with income protection insurance can give you peace of mind that you and your loved ones will be covered financially in the event of an accident or sickness.

This type of cover would help you:

  • Receive a regular income in the event of accident or sickness
  • Maintain your financial obligations
  • Increase your financial security
  • Protect you and your family and give you peace of mind
  • Take advantage of specialised support services
  • Focus on getting well without added financial stress

How we can help

Our advisors will discuss your requirements, checking details of any existing policies or employer provisions relating to sick pay.

You will understand the difference between full and short term protection, deferred periods and maximum benefits available.

We will explain the index linked option, before tailoring our advice and recommendation specific to your age, lifestyle, budget and occupation.

Get income protection insurance advice

Your local independent insurance experts

  • Our advisers have access to all insurance providers and provide an unbiased advice
  • We can help you find the right insurance and help you protect those who matter most
  • We don't have any fees

Call us on 01780 480600

Speak to an adviser

The Walden Family

We have used Choice Mortgages for the last 19 years, as it's not just a product they provide, but a fully invested service. They can always be relied upon to listen to your needs and find the solution that best works for you, whether that be with your mortgage or your protection policies. When my wife was diagnosed with multiple sclerosis, it was Choices that went the extra mile to help me sort through existing policies that were unsubstantial for our needs. They then helped us find the products that would be there when we need them.

They can always be relied upon to listen to your needs and find the solution that works best for you.

Their service is friendly, to the point of feeling like one of the family. They are always there for you on the phone if you have questions and I wouldn't consider using anyone else to put our needs first. When friends tell me that they are needing to change their mortgage or insurance policies, I say, “Go to Choice Mortgages.” I can't recommend them highly enough. A top class service that's with you every step of the way.

We can help you find right insurance product

Our insurance brokers can see the whole picture

The River Welland running under a bridge in Stamford, Lincolnshire, England

Based in Stamford, Lincolnshire

Providing mortgage and insurance advice nationwide.

Choice Mortgages is an independent mortgage broker; having access to thousands of mortgage and protection products on the market. Our office has been located in Stamford for over 20 years and we have a team of professional advisers with a vast amount of experience.

Locally we are a short distance from Peterborough, Oakham, Oundle and Spalding.

We offer a free no obligation consultation and help you find the most suitable solution. Understanding lenders criteria and how you are eligible for a mortgage is paramount.

We provide a dedicated personal service and work closely with you every step of the way; organising the paperwork and taking care of the entire application process, making the transaction far less stressful for you. We know lives are busy and we can alleviate the time pressure, by offering telephone or face-to-face appointments.

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