Is income protection worth it
TL;DR
For many households, income protection is worth it because it covers the biggest risk: losing your income. If you don’t have long-term sick pay or large savings, a monthly benefit can keep the mortgage and bills paid while you recover. Value depends on your sick pay, savings, and budget.
For many households, income protection is worth it because it covers the biggest risk: losing your income. If you don’t have long-term sick pay or large savings, a monthly benefit can keep the mortgage and bills paid while you recover. Value depends on your sick pay, savings, and budget.
Key Points
- Income protection pays a monthly income if you can't work
- Typically covers 50-70% of your gross salary
- Payments continue until you recover, retire, or the policy ends
- Can cover almost any illness or injury that prevents work
Who Is This For?
This information is particularly relevant if you're self-employed, a contractor, or anyone without comprehensive employer sick pay. If losing your income would affect your ability to pay bills, rent, or mortgage, income protection provides a financial safety net.
Next Steps
Our FCA-regulated advisers can help you find the right income protection policy for your circumstances. We compare the whole market to find cover that fits your budget and needs.
Frequently Asked Questions
Related Topics
Content reviewed: January 2026