Do you need income protection insurance? 

If you have monthly expenses you can’t miss, then it’s worth exploring income protection insurance. While you could use savings to help cover your finances while you’re off work, you risk completely draining your safety net.  

When deciding on if you need income protection, it’s important to think about your family situation. For example, if you have a partner, would they cope with covering your portion of the rent or mortgage while you’re unable to work? Or, if you have dependents, such as children or elderly parents that you’re providing for, consider the support income protection could provide to ensure their needs are met – even if you can’t work. 

What does income protection insurance cover? 

Income protection insurance will usually cover any loss of income you may have because of illness or injury. Most policies will cover a wide range of conditions, including:  

Physical illnesses: Including, but not limited to, heart disease, cancer, strokes, and respiratory problems. 

Accidents: These are injuries incurred from accidents, including car accidents, workplace accidents, or sports and recreation injuries. 

How do I get income protection insurance? 

The easiest way to get income protection insurance is through a protection adviser. Not only can they compare options for you based on a thorough fact find, but they can also offer bespoke advice unique to your circumstances.