Income protection
What is income protection insurance?
Your income is your most valuable asset—without it, covering everyday expenses, mortgage payments, and bills can become impossible. Income protection insurance is designed to provide financial support when you’re unable to work due to illness or injury, ensuring you can maintain financial stability during recovery.
With this policy, claimants can receive up to 65% of their monthly salary as a tax-free payment, helping to cover essential living expenses while they focus on getting better.
Why You Need Income Protection
Many people insure their homes, cars, and phones—but what about their salary? If you were unable to work tomorrow, how long could you cover your expenses? Income protection ensures that a sudden illness or accident doesn’t leave you financially exposed.
Flexible Coverage Options:
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Choose how long the insurer will pay out—whether until retirement or for a specified term (e.g., a few years).
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The longer the coverage period, the higher your monthly premiums, but also the greater your financial security.
Want to learn more? Speak to one of Fluent Money’s expert advisors to determine the best level of coverage for your situation.
Isn’t it going to cost a lot?
Plans start from just £10 per month. More importantly, ask yourself: Could you afford to pay your mortgage or bills on sick pay alone? Income protection is far cheaper than facing financial hardship.
I’ll just deal with it later on
Many people think “it won’t happen to me”—until it does. If only I had insurance… don’t let this be something you regret later.
I’ll use savings or work cover
Most people’s savings wouldn’t last more than a few months, and statutory sick pay is unlikely to cover all your expenses. Income protection ensures you have a steady source of income when you need it most.
What type of income protection insurances are available?
We offer two main types of income protection insurance to suit varying needs and budgets
Long-Term Income Protection
Provides continuous, tax-free income until you recover or pass away.
Ideal for those seeking maximum security and peace of mind.
Short-Term Income Protection
A more affordable alternative, covering a maximum claim period of 2–5 years.
Requires returning to work to be eligible for subsequent claims.
