Income Protection

What is it?

Sometimes known as permanent health insurance (PHI), long-term income protection (IP) is an insurance policy that pays out if you are unable to work due to injury or illness.

IP usually pays out until the earliest of the following:-

  • Retirement or the term of the policy if this is shorter
  • Death
  • The policyholder being fit to return to work


Short-term IP policies are now available at a lower cost. IP does not pay out if you're made redundant, that is a different type of cover, but will often provide 'back to work' help if you are off sick.

Who is it for?

This type of plan is designed for anyone who is working (employed or self employed). If you are off sick or injured and unable to earn, this policy can help replace some lost income.

If your employer provides sick pay, it will probably only be for a few months. This cover can be designed to augment your work arrangements to continue the cover long term. It can also be adapted to supplement any other protection that you already have.

As brokers we have access to many providers to help you chose the plan that best meets your needs.