Income protection can be used if you are employed, self-employed, a contractor, or an LTD company director.
Unlike basic accident and sickness policies, income protection plans can typically cover any medical condition as long as your GP signs you off for work.
Important questions we ask our clients are:
Income protection plans can cover a maximum of 80% of your self-employed net profits or 70% of your gross annual salary if you are employed. Each provider has a different stance on how much is allowed, so it’s important you discuss your needs with your independent income protection insurance adviser.