Redundancy Income Protection
TL;DR
Standard income protection usually covers illness and injury, not redundancy. Some policies or separate products include redundancy protection, but terms differ. If redundancy is a concern, it’s worth comparing options carefully so you understand what is and isn’t covered.
Standard income protection usually covers illness and injury, not redundancy. Some policies or separate products include redundancy protection, but terms differ. If redundancy is a concern, it’s worth comparing options carefully so you understand what is and isn’t covered.
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