Income Protection
Income Protection Explained
How income protection insurance safeguards your earnings if illness or injury stops you working.
1:401 January 2025
Chapters
0:00How Income Protection Works
0:25Deferred Periods Explained
0:50Own vs Any Occupation
1:15Self-Employed Considerations
Video Transcript
Income protection pays up to 70% of your salary if illness or injury stops you working. This video explains deferred periods (typically 4-52 weeks), own occupation vs any occupation definitions, how premiums are calculated, and why this cover is essential for self-employed people. We compare income protection to sick pay and critical illness cover.
Your home may be repossessed if you do not keep up repayments on your mortgage.