Income Protection
Life happens, and sometimes it means taking time off work due to illness or injury. That’s where income protection comes in. At Calm and Covered, we help you find a policy that keeps your finances secure while you focus on getting back on your feet.
What is Income Protection?
Income protection is a type of insurance that pays you a regular, tax-free income if you’re unable to work due to illness or injury. It’s designed to cover a portion of your salary, ensuring you can keep up with essential expenses like:
Mortgage or rent payments
Household bills
Everyday living costs
Supporting your family
Why Do I Need Income Protection?
Statutory Sick Pay (SSP) in the UK provides only £109.40 per week (as of 2025) for up to 28 weeks - likely far less than you’re used to earning. Income protection helps bridge that gap, offering:
Reliable financial support: Cover up to 70% of your income, depending on the policy.
Long-term security: Payments can last until you’re well enough to return to work or retire.
Peace of mind: Know you and your family won’t face financial strain during tough times.
How Does It Work?
Choose your coverage amount: Decide how much of your income you’d like to protect.
Set the waiting period: Policies typically start paying after a set time, such as 4, 8, or 12 weeks of being unable to work.
Select the benefit term: Payments can last for a few years or until retirement - your choice.
Pay your premiums: Regular payments to keep your policy active.
Claim when needed: If illness or injury stops you from working, your policy will provide regular payments.
Types of Income Protection
Not all income protection policies are the same. We’ll help you understand the options available so you can choose the one that works best for you:
Short-Term Income Protection
Provides payments for a limited period, usually up to 1 - 2 years.
Ideal for covering temporary financial gaps during recovery.
Often more affordable than long-term cover.
Long-Term Income Protection
Offers ongoing payments until you’re able to return to work or reach retirement age.
Provides the most comprehensive level of financial protection.
Best for those with significant financial commitments like a mortgage or dependents.
Guaranteed Premium Policies
Your premium remains fixed for the duration of your policy.
Offers predictability and peace of mind as your payments won’t increase.
Reviewable Premium Policies
Premiums are reviewed and may increase over time based on factors like inflation or claims.
Usually starts off cheaper but could become more expensive in the long term.
Own Occupation Policies
Covers you if you’re unable to perform the specific duties of your job.
Offers the highest level of cover, especially beneficial for skilled or specialized roles.
We’ll help you weigh the pros and cons of each type to find a policy that fits your circumstances.
What Does It Cover?
Income protection covers a wide range of scenarios where you’re unable to work due to illness or injury, including:
Physical Illnesses: Conditions such as cancer, heart disease, or chronic pain.
Injuries: Accidents that prevent you from performing your job.
Mental Health Conditions: Stress, anxiety, or depression that affects your ability to work.
Recurring Conditions: Illnesses that come and go but prevent you from working during flare-ups.
It’s important to note that income protection doesn’t usually cover:
Redundancy or job loss due to business reasons.
Pre-existing conditions that weren’t disclosed during the application.
We’ll help you understand exactly what’s covered by your policy so there are no surprises when you need to claim.
Great reasons to choose us
Simple, straightforward advice
No jargon, just clear guidance.
Wide range of providers
Tailored options to suit your budget and lifestyle.
Support every step
We’re here to make it quick, easy, and stress-free.
Get Started Today
Don’t leave your income to chance. With income protection, you can focus on your recovery while staying financially secure. Start by filling out our "Start my free quote" form, and one of our advisors will help you find the perfect policy.
Frequently Asked Questions
How much of my income can I protect?
Most UK policies allow you to protect up to 70% of your pre-tax income. We’ll help you find a balance that works for your budget and needs.
How long will the payments last?
You can choose a benefit term - ranging from a few years to coverage until retirement. This can be tailored to your circumstances.
What if I’m self-employed?
Income protection is especially valuable for self-employed people, as you won’t have access to sick pay. We’ll help you find a policy designed for your situation.
