Income Protection

If you can't work, your income still can.

Your income is the foundation of everything—your mortgage or rent, bills, food shopping, family life. But what happens if illness or injury stops you from working?

Income Protection insurance provides a regular, tax-free income if you’re unable to work due to sickness or accident. It’s designed to help you maintain your lifestyle and focus on recovery, rather than worrying about how to pay the bills.

Equip Yourself with Financial Resilience

If you're ready to explore what a complete Protection Package may look like for you, let's chat.

Book your Protection Strategy Call here

Who Should Consider Income Protection?

Income Protection is worth considering if you:

Who Should Consider Income Protection?

Income Protection is worth considering if you:

Rely on your income to pay your mortgage or rent

Have dependants who rely on you financially

Are self-employed or run your own business

Would struggle to cover bills if your income stopped

How Does Income Protection Work?

Monthly Benefit

You’ll receive a regular monthly payment (usually up to 60-65% of your gross income).

Ongoing Payout

Continues to pay out until you can return to work or until you retire, die or reach the end of your policy term (whichever comes first).

Waiting Periods

You choose when payments start (e.g., after 4, 8 or 13 weeks), depending on your savings and sick pay.

Multiple Claims

Claims can be made against the policy as many times as required while the policy lasts.

Flexible Terms

Cover can run to a set age, often aligned with your retirement or mortgage term.

What is Income Protection insurance?

Income Protection is a type of insurance that pays you a regular income if you're unable to work due to illness or injury. It helps cover essential costs like your mortgage, bills and everyday living expenses while you recover.

How long does Income Protection pay out for?

You can choose how long the cover pays out—anything from 1 or 2 years to right up until retirement age, depending on the policy. The longer the benefit period, the more comprehensive the cover.

When do Income Protection payments start?

You choose a ‘deferred period’—usually 4, 8, or 13 weeks after you stop working. The longer the wait, the cheaper the policy tends to be. We’ll help you set this based on any savings or sick pay you might have.

Can self-employed people get Income Protection?

Yes, Income Protection is especially important if you're self-employed, as you won’t receive Statutory Sick Pay or any employer benefits. It can provide a financial safety net if you’re unable to work.

How much does Income Protection cost?

It depends on your age, health, job, and how long you want cover for. A good rule of thumb is to budget around 3–5% of your monthly income, but we’ll find options that suit your circumstances.

Helping Mortgage Clients in Broadstairs, Thanet & Beyond

We’re proud to support homebuyers, movers, and landlords across Kent—from Broadstairs, Margate and Ramsgate to Canterbury, Herne Bay and further afield. Wherever you are in your property journey, we’re here to help.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

IMPORTANT: With investments, your capital is at risk. Pensions and investments can go down in value as well as up, so you could get back less than you invest.

Need Financial Planning Ltd is registered in England and Wales no. 10901658. Registered office, 123 High Street, Broadstairs, Kent, CT10 1NQ. Authorised and regulated by the Financial Conduct Authority. Need Financial Planning Ltd is entered on the Financial Services Register https://register.fca.org.uk/ under reference 977136. If you wish to register a complaint, please write to [email protected] or telephone 01843 228800. A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 0234 567.