Authorised by the FCA ✔
Chat with a friendly, independent advisor
We will comprehensively research the market to give you the best advice
Insurance designed to pay you a tax-free monthly income if you’re unable to work due to illness or injury.
Get in touch for an initial chat, without obligation…
Income Protection Insurance is designed to pay out a proportion of your income if you are unable to work due to illness or injury. It pays you a tax-free monthly income until you return to work, you retire, or your policy expires.
Whether you’re employed, or self-employed, this type of cover is designed to support you and your family by covering your regular outgoings, to help maintain your lifestyle, should something unexpected happen.
Relatively few employers support their staff for long periods if they’re off sick
Nobody likes to imagine being unable to work due to illness or injury, but it can happen. Income Protection Insurance can offer financial support if you can’t work for months or years at a time.
It’s really important to know what sick pay you’ll receive from your employer – relatively few support their staff for long periods. More generous employers can provide as much as a year on full pay, others around six months on full pay and then a period on half pay. Some just the statutory minimum.
Given the low level of state benefits available and the lack of statutory sick pay for anyone who is self-employed, most people of working age should consider some form of Income Protection. Our expert advisors will talk through your circumstances and work out the most appropriate protection option/s for you based on your priorities and budget.
We can design a policy to suit both your needs and budget
Personal details such as your age, health, smoker status and occupation will all affect your premium. The percentage of income you’d like to cover, how long after being off work you would like to receive the income (deferral period) and the period of payments will also impact the cost.
We can design a policy to suit both your needs and budget – give us a call to find out more.
Essentially any illness or disability that leaves you unable to work for a period of time
Income Protection covers a wide range of conditions. Policies might include physical illnesses, such as cancer or a heart attack and mental health conditions, such as stress. They will also cover injuries that prevent you from working, for example broken bones sustained in a car accident.
What is NOT covered?
The amount of benefit you’ll receive each month. You can choose the right level for you, but typically it’s 60% of your gross monthly income.
How long you’d like to be protected for. This is usually a fixed number of years, say 25, or however many years you think you’ll be in full-time employment.
How long the insurance benefit will be paid if you’re ill and unable to work. Many people want the money to continue until retirement, but short term polices of 1, 2 and 5 years are available.
How long after you’ve stopped working that you’d like the income protection benefit to start. You may not need the policy to pay out immediately if you receive sick pay from your employer for a period of time . If you’re self-employed you might need a shorter deferred period as you won’t have financial support from an employer.
This is what qualifies you to start receiving your insurance benefit. The definition that most insurers offer, and probably the simplest, is called ‘own occupation’, which means that if you are ill and can’t do your current job you qualify to start receiving the benefit. Some insurers also offer slightly stricter definitions, like ‘any occupation’, which means that to qualify for your insurance benefit you must not be able to do your current job, or any job at all, if you fall ill.
Income Protection does not pay out if you’re made redundant.
Income Protection Policies will generally cover 50-70% of your income.
Income Protection Insurance provides you with a regular income if you’re unable to work due to illness or injury, typically covering a portion of your salary.
Critical Illness Insurance pays out a lump sum if you’re diagnosed with a specified serious illness listed in the policy, regardless of whether it prevents you from working.
Whilst income protection offers ongoing financial support during periods when you cannot work, critical illness insurance provides a lump sum payment to help cover financial needs that may arise.
Absolutely, Income Protection is important to everyone but especially for those that are self employed, contractors, freelancers or business owners as in most cases you are heavily reliant on yourself.
In most cases yes. The insurer is likely to exclude that specific condition from your policy, so that it can’t be claimed against in the future but you will be still be covered for any other condition. Or, they may increase your premium, every Insurer is different and we can help find the best option.
You can choose, a common age is your planned retirement age as, because you aren’t working you no longer have an income to protect.
Rather than the policy paying out for the full term there will be a fixed claim period, usually one or two years although some Insurers offer a five year option.
Claiming on an insurance policy is something you hope you never have to do, but it’s the ultimate reason for the cover in the first place.
Paying claims is at the heart of what Insurers do. It is very important when initially applying for insurance that you answer all questions accurately and honestly as non-disclosure could affect the amount your policy will pay out, or invalidate it. Insurers publish annual claim statistics for transparency. See Income Protection Insurance claims statistics.
Taken from Aviva’s 2024 Claims and Wellbeing Insight report
92.5% of all Income Protection claims paid
(includes new and existing claims paid in 2023)
£53.5 million paid out3,901 claims paid42 was the average payout
Claims not paid (fewer than eight in every 100 in 2023)
Today’s insurance policies offer so much more than just a claim payout for the insured event
As well as inclusive benefits, there are optional extras too. See examples
Insurers also offer options for enhancing your cover for an additional amount.
A valuable benefit particularly for those that are manual workers, self-employed or have limited employer sick pay. An injury like a broken bone could put you off work for weeks, if not months. Fracture Cover provides a financial cushion that allows you to concentrate on getting back on your feet and will help with the extra costs an injury can cause, such as childcare, travel costs or equipment for mobility.
Available as an optional add on with many providers and as a core benefit of some income protection policies. The cover varies significantly between providers in terms of the monthly cost, the payouts and policy conditions. It’s important to be aware of any exclusions, commonly related to high risk activities such as rugby, horse riding and martial arts.
Launched in May 2024, Accelerate provides access to experts from around the world to offer a package of medical care services for cancer, heart and neurological conditions. It gives you more choice than standard medical care in the UK, with fast access to consultations, diagnostics and second medical opinions. It can also help you access the latest precision cancer medicine and clinical trials; as well as treatment abroad at some of the leading hospitals in the world.
Accelerate is comprised of six individual services;
You can use as many or as few as you like and can access these at any point. You don’t have to follow a linear path and you can choose to combine Accelerate with services offered by public healthcare or your current healthcare provider if you want to.
Accelerate is a complementary service to both public and private healthcare and is not intended to replace either. It gives you an alternative route and should be taken up in consultation with your GP. It’s all about giving choice and offering greater control over your healthcare decisions.
Anyone using the services are also supported by case managers who provide reassurance and help to navigate your healthcare journey. If you choose to receive treatment abroad, Accelerate will organise the travel, accommodation and daily allowance as well as providing you with the option to be supported by two travelling companions.
Children’s Critical Illness Cover is insurance that can pay a lump sum to help families if a child becomes seriously ill with a specified critical illness. It’s designed to help with the financial strain of caring for a seriously ill child, to help with medical costs, home adaptations or to help make up lost income.
With Children’s Critical Illness being the fourth most common reason for a claim on Critical Illness Cover (source – Aviva 2024 Claims and Wellbeing Insight), an increasing number of insurers are offering Children’s Critical Illness as a bolt on to any adult policy. Cover is available from £10,000-£100,000 with options including Standard and Enhanced cover.
Whilst many Critical Illness Policies cover children automatically, not all do, and some insurers will offer it for an additional fee. Some Insurers offer Children’s Critical Illness cover as an optional ad on to their Life Insurance Policies.
It is also possible to take out a standalone Children’s Critical Illness Policy if you don’t have a Critical Illness Policy yourself that covers your children. Our advisors can help with this too.
We’ll help find the policy that works best for your individual situation.
Aviva’s Global Treatment provides clients with access to international facilities, doctors and treatment all over the world. Having access to medical experts and treatment globally could make a difference to your outcome. Global Treatment gives you the option to pursue recommended treatments without having to worry about arranging and paying for treatment, travel and accommodation. If subsequent trips abroad are required for follow-up treatment, these are also covered by the plan. Aviva Global Treatment will pay a maximum of £1 million a year and a maximum of £2 million over the policy term. It is provided in conjunction with Further and available as an optional extra with Life Insurance+, Critical Illness+, Income Protection+ and Living Costs Protection for an additional £3 per month (reviewable)
Here at PSG Financial Consultants, we have firsthand experience of how valuable Aviva’s Global Treatment can be. It was used by a family member of one of our advisors this year.
Kevin’s Global Treatment journey.
“I’m pleased to share my journey with Global Treatment”
As buy to let Landlords, my wife and I were advised to take Aviva Global Treatment cover as part of our protection.
Little did I know at the time that I’d need to call upon the policy. Having been diagnosed with a heart murmur, I was referred to a specialist and following further investigations, I was advised that I had a defective mitral valve. They told me I was best to have it treated sooner rather than later as it would only get worse over time. I was on the NHS waiting list for treatment but with no clear date on when they would be able to do it. This had a huge impact on my life being usually busy and active I was forced to take things easy and suffered from laboured breathing and tiredness. Not knowing when I was going to be seen left me feeling in limbo, it was around this time I turned to my Aviva policy.
Being a little sceptical about where I’d be offered the treatment, I was pleasantly surprised to be given the choice of 3 hospitals; one in Germany, one in Italy and one in America. Having researched each, I chose to be treated in the renowned Mount Sinai Hospital in New York. I was impressed with the speed and efficiency of the whole process including the travel arrangements for getting myself and my wife to New York, all expertly handled by Further Underwriting International S.L.U. We were collected from home by private car hire and taken to the airport. We were met in New York and transported by private car hire to the hotel, again the hotel of our choice from a number offered to us.
After a stay of 3 weeks, during which I had a successful operation to repair my heart valve by a renowned surgeon, we returned home. The full cost of the treatment, flights and accommodation was covered.
I have to say, for such a small monthly payment, this is a great policy. I was delighted with how myself and my wife were treated by AVIVA/Further Underwriting, with so much compassion, patience and understanding. I would have no hesitation in recommending this policy.”
From the first chat, through the entire duration of the products we recommend for you. you’ll have the ongoing support of our advisors and administrative team.
Once you’ve taken out an insurance policy recommended by one of our advisors, they will reach out to you at regular intervals during the term of the policy to have a chat about your circumstances and ensure that the cover continues to meet your needs.
Here are some common examples of when a review may be necessary:
If you’ve increased your mortgage amount, or the term of your mortgage to move home, it’s sensible to review your Life Insurance. Any change to the outstanding repayment amount or the term of your mortgage should be reflected in your Life Insurance so you have enough cover for as long as you need it.
Life Insurance and Critical Illness Cover providers often offer an option to add Children’s Critical Illness Cover to an existing policy. It’s hard to contemplate the prospect of a child becoming ill, but without a financial safety net the thought is even more sobering.
An Income Protection policy benefit amount is usually based on a percentage of your salary. A lot can happen during the term of an Income Protection policy. If you’ve had a pay rise, it’s likely there will have been changes to your outgoings too. It makes sense to review your Income Protection benefit amount in line with your increased income.
In the event that you need to make a claim on an insurance policy we’ve arranged for you, we will be on hand to help you with the claims process, every step of the way.
See Insurance claims statistics
After the death of a loved one there are some practical things that need doing, like registering the death and arranging a funeral. These tasks can be a welcome distraction, or simply overwhelming. We’ve created a practical guide to make things a little easier.
Your name (required)
Your email (required)
Your phone number (required)
Subject
Your message
You voluntarily choose to provide personal details to us via this website. Personal information will be treated as confidential by us and held in accordance with the Data Protection Act 2018. You agree that such personal information may be used to provide you with details of services and products in writing, by email or by telephone.
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.
This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.
Keeping this cookie enabled helps us to improve our website.
Please enable Strictly Necessary Cookies first so that we can save your preferences!