Tell us about your work and what you would need to keep paying for if you couldn't earn. A verified insurance professional who covers your postcode will get in touch to explain how income protection works, what affects the price and what to compare, before you commit.
A verified professional will get in touch.
There is no single right answer. It depends on your savings, your sick pay and how much risk you want to carry yourself.
How long you must be off work before payments start. Longer is usually cheaper.
Until you return to work or retire, or for a limited period.
Your own job, a suitable job or any job. The wording changes what you can claim.
A proportion of your earnings, and how that is worked out.
Whether the premium stays the same or can rise.
Whether the benefit rises with inflation, and what that costs.
You usually have no employer sick pay to fall back on.
You want your bills paid if you can't work.
Your employer pays for only a limited time.
You want them protected if you couldn't earn.
You couldn't cover several months without pay.
The first conversation is about whether it is worth it for you at all.
Ask for the firm's FCA reference number and check it on the FCA Register.
And how does that compare with other policies?
And what happens if I claim again later.
And how much could a reviewable premium rise?
Including conditions I already have.
The cooling-off period, and any fees after it.
We connect you with one verified provider who understands what you need. No hard sell, and no obligation.
The waiting period, how long payments last and what counts as being unable to work all decide whether a policy helps. You hear how each one works.
Sick pay and benefits may cover part of what you'd need. You hear how to work out the gap before you pay for cover.
You get the options explained. Whether to buy, and from whom, is always your decision.
It pays you a regular monthly amount if you can't work because of illness or injury, until you return to work, the policy ends or you retire. It is different from life insurance, which pays out if you die, and from critical illness cover, which pays a lump sum for specified conditions.
Statutory Sick Pay is modest and lasts for a limited time, and employer sick pay varies a lot. If you are self-employed you may have no sick pay at all. Work out what you would receive and what your bills would be, and the gap is what a policy would need to cover.
It's how long you must be off work before payments start, often chosen from a range such as a few weeks to a year. A longer wait usually makes the policy cheaper. Match it to how long your savings or sick pay would last.
Some policies pay until you return to work or retire, others for a limited period, such as a year or two. Short-term policies cost less but run out sooner. Ask exactly how long benefits are paid for each claim.
This is one of the most important parts of a policy. 'Own occupation' means you can claim if you can't do your own job. 'Suitable occupation' or 'any occupation' is stricter, and can mean you can't claim if you could do another type of work. Check the definition carefully.
Usually a proportion of your earnings rather than all of them, so that you still have a reason to return to work. Ask how the limit is worked out, especially if your income changes, as it does for many self-employed people.
Payments are generally tax-free if you pay the premiums yourself, but not if your employer pays them. Check your own position with a tax adviser.
Some policies have guaranteed premiums that stay the same. Others are reviewable and can rise. Premiums also depend on your age, job, health and smoker status. Ask which type you're being offered.
Often conditions you had before the policy, and some policies limit cover for certain conditions such as mental health or back problems. Read the exclusions.
Protection policies usually come with a cooling-off period, often 30 days. The terms differ, so check what applies and read your documents.
Complain to the insurer first. If you're not happy with the answer, you can usually take it to the Financial Ombudsman Service, which is free to use.
Your job and earnings, whether you're employed or self-employed, your age, whether you smoke, how long your savings or sick pay would last, and your postcode. If you don't have everything, send the request anyway.
No. Namoye is a free matching service. It doesn't sell insurance or give advice. Any quote or advice comes from the firm that contacts you.
No to both. A verified professional contacts you, and Namoye is free for you.
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Namoye is a free matching service. It is not an insurer, broker or adviser, and it doesn't give insurance, tax or legal advice. Any quote or advice comes from the firm that contacts you. Check that a firm is authorised on the Financial Conduct Authority Register (register.fca.org.uk) before you share personal or payment details.
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