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Types of Income Protection cover

Let's talk about your Income Protection options

Income protection cover

Let's start with the basics

  • You'll get monthly payments so you can continue to pay your bills when your income stops
  • Income Protection is available as comprehensive or budget cover
  • Choose which type of cover works for you
 

There are three types of income protection you can choose from

Each type will provide a regular income if you're unable to work because of an accident or illness.

types of premium

You can choose between guaranteed and reviewable premiums

Compare our premiums and cover

 We've created the table below to help you compare your income protection options

Compare our premiums and cover

We've created the table below to help you compare your income protection options.

Type of premium and cover Guaranteed premiums with level cover Reviewable premiums with level cover Guaranteed premiums with inflation-linked cover Reviewable premiums with inflation-linked cover
Your premium stays the same yes *  *
Your level of cover stays the same yes yes *  *
Your premium is reviewed each year (after the first 5 years)
yes
 yes
Type of premium and cover Guaranteed premiums with level cover Reviewable premiums with level cover Guaranteed premiums with inflation-linked cover Reviewable premiums with inflation-linked cover
Your premium stays the same yes *  *
Your level of cover stays the same yes yes *  *
Your premium is reviewed each year (after the first 5 years)
yes
 yes
* Your income can also include dividends paid to your spouse or civil partner as long as they are also a shareholder, and they don't take over the running of the business. Any dividends paid to your spouse or civil partner must be appropriate for their level of shareholding, and must have been declared for tax purposes. However, if your spouse or civil partner has used the same dividend income for their own income protection cover, it can't also be included in your income.

Looking for advice?

Not sure if this is the right product for you? Don't worry, help is just a call away.

Our friends at Life Search can help you find the right insurance for you and your family's needs.

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