This type of plan will provide an income if you are unable to work through disability, no matter how it is caused. The policy pays a monthly tax-free income for a set length of time - normally until you are 60 yeasr of age.

The payout can be level or set to rise with inflation. It pays as long as doctors agree that you are unable to work for health reasons.

The maximum cover you can have is typically half of your provable income. This is paid tax free, so should you make a claim you will only be a bit worse off than you were before. The insurers limit the amount of cover you can have so that you have an incentive to get back to work!

Everyone should have this cover, because the State simply does not provide adequate protection, but many employers do offer it, so check your contract.

Premiums are kept down by setting it up with a waiting period between the onset of disability and the income kicking in. In other words, it will not cover illnesses such as the flu virus and the huge majority of claims are caused by back or mental health problems.

Please note that we are not able to quote for Income Protection Insurance directly from this website however you can link through to our partner site to obtain a quote or alternatively, call our number above.