What is income protection cover
TL;DR
Income protection is insurance that pays a monthly benefit if you’re unable to work due to illness or injury. After a chosen waiting period, it can pay out for a set time or until you return to work. It’s often used to protect the mortgage and essentials if income stops.
Income protection is insurance that pays a monthly benefit if you’re unable to work due to illness or injury. After a chosen waiting period, it can pay out for a set time or until you return to work. It’s often used to protect the mortgage and essentials if income stops.
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
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Content reviewed: January 2026