Income Protection Insurance is designed to provide a regular monthly income if you’re unable to work because of illness or injury, helping you manage your financial commitments while you recover.

If you’re unable to work due to an illness or injury, and your claim is accepted, your insurer pays a monthly benefit after your chosen waiting period.

Income Protection typically covers illnesses and injuries that prevent you from working, subject to your policy’s terms, conditions, and exclusions

Income Protection provides a regular monthly income while you’re unable to work. Critical Illness Cover usually pays a one-off lump sum following the diagnosis of a specified serious illness.

Income Protection pays a regular monthly income to you if you’re unable to work due to illness or injury. Family Income Benefit pays a regular monthly income to your beneficiaries if you die during the policy term.

No. Life Insurance pays a benefit if you die during the policy term, while Income Protection provides financial support if illness or injury prevents you from working.

Income Protection may be suitable for employed individuals, self-employed professionals, contractors, business owners, and anyone who relies on their income to meet regular financial commitments.

Yes. Income Protection can be particularly valuable for self-employed individuals who may not receive employer sick pay.

The right level of cover depends on your income, monthly expenses, mortgage commitments, and the level of financial support you would need if you couldn’t work.

This depends on your policy. Payments may continue until you return to work, the end of the benefit period, retirement, or the end of the policy term.

The deferred period, also known as the waiting period, i is the length of time between becoming unable to work and your policy beginning to pay benefits. Choosing a longer waiting period may reduce your premium.

Yes. People with diabetes may be able to get Income Protection Insurance, depending on their individual circumstances and the insurer’s underwriting assessment. Insurers will typically consider the type of diabetes, your medical history, treatment, how well the condition is managed, and your overall health before making a decision.

Some Income Protection policies provide cover for mental health conditions, subject to the policy terms and medical assessment.

Many policies will provide cover for back pain or musculoskeletal conditions if they prevent you from working and meet the insurer’s claim requirements.

Yes. The income protection benefit is tax free.

Premiums are influenced by factors including your age, occupation, health, smoking status, income, waiting period, benefit amount, and policy term.

Yes. Smokers can usually obtain cover, although premiums may be higher.

Some insurers allow changes during the policy term, subject to their conditions and underwriting requirements.

Yes. You can usually cancel your policy at any time, although your cover will end once cancelled.

For many people, Income Protection provides valuable financial security by helping replace lost income during periods when they’re unable to work due to illness or injury.

An adviser will assess your circumstances, recommend suitable cover, complete the application, and guide you through the insurer’s underwriting process.

At Ample Mortgages, we compare protection solutions from a range of insurers and recommend cover tailored to your occupation, financial commitments, and long-term goals, helping you protect one of your most valuable assets your income.