INCOME PROTECTION COVER
What is Income Protection?
Income Protection is a policy designed to pay you a regular monthly income if you’re unable to work due to illness or injury. It ensures your essential bills and living costs are covered while you recover.
Unlike statutory sick pay or short-term support, Income Protection can provide cover until you return to work, retire, or reach the end of your policy term – whichever comes first.
Why is Income Protection Important?
Most of us rely on our income to pay for:
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Rent or mortgage payments
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Utility bills and food
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Childcare and education
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Loan or credit repayments
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Everyday living expenses
If you’re unable to work, even for a few months, the financial strain can be significant. Income Protection gives you peace of mind knowing you can stay on top of your finances while you recover.
Who Should Consider Income Protection?
This type of cover is especially valuable for:
Self-employed individuals with no access to sick pay
Employees with limited or no long-term sick pay benefits
People with regular financial commitments
Anyone who wants a financial safety net in case of illness or injury
How Does It Work?
Choose the percentage of your income to cover (typically up to 60–70%)
Set a deferred period (how long you wait before payments begin – e.g., 4, 8 or 13 weeks)
Receive monthly, tax-free payments if you’re signed off from work
Payments continue until you return to work, retire, or reach the end of the policy
Key Features of Income Protection
Covers a wide range of illnesses and injuries
Long-term or short-term cover options available
Flexible deferred periods to suit your budget and needs
Premiums can be level or reviewable depending on your preferences
Can be combined with life or critical illness cover
Key Benefits of Income Protection
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Replaces your income if you're off work due to illness or injury
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Helps you maintain your lifestyle and meet financial obligations
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Reduces stress and anxiety during your recovery
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Offers long-term security, especially for those with dependents
HOW CAN WE HELP?
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Our customisable insurance packages are designed with your specific needs in mind, ensuring that you are correctly covered. Plus, we're here to walk you through the entire process, ensuring that all your requirements are met and you have peace of mind knowing you are protected.
WHY CHOOSE COVERLIFE INSURANCE?
Our team of professionals have years of experience in the industry and can guide you every step of the way. We believe in providing quality advice and ensuring our clients have the right cover at the right price. So, whether you’re just starting out or looking to expand your business, trust CoverLife to provide you with the best possible insurance solutions.
KEY FEATURES:
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Why use CoverTrade Insurance?Regardless if you’re a tradesmen, shop owner, landlord, looking to cover your fleet of vehicles or have any other business requirements, Cover Trade are able to help with friendly and professional advice to get the cover in place you need.
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Why use CoverLife Insurance?CoverLife Insurance is here to safeguard your future and the people who depend on you. Whether it’s personal life cover, critical illness protection, or keyman insurance for your business, we make the process simple and stress-free.
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Our experienceWith our wealth of experience, knowledge of the market and network of insurers we’re able to find you the most comprehensive cover at the right prices without trying to upsell or oversell on an insurance you might not need.
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What are the benefits of talking to our team?Flexible payment options Dedicated account managers Out-of-hours contact should you need to make a claim or just have a question A quick and easy, pain-free service An excellent customer experience
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How quickly can you arrange my cover?We can arrange cover straight away giving you peace of mind.
Income Protection
Income Protection is a policy designed to pay you a regular monthly income if you’re unable to work due to illness or injury. It ensures your essential bills and living costs are covered while you recover.
Unlike statutory sick pay or short-term support, Income Protection can provide cover until you return to work, retire, or reach the end of your policy term – whichever comes first.
