What If You Couldn’t Work? Income Protection Can Keep You Covered
Many people assume their job is secure—until illness, injury, or redundancy strikes. If you’re relying on your income to pay your mortgage, income protection insurance could be the single most important cover you ever take out.
What Is Income Protection Insurance?
Income protection is a monthly benefit policy that pays out if you’re unable to work due to illness or injury. It typically replaces 50%–70% of your gross income and continues until you recover, retire, or the policy ends.
Why It’s Vital for Mortgage Holders
- Mortgage lenders won’t pause your payments if you can’t work
- Statutory Sick Pay is just £116.75/week (2025) – often not enough
- Self-employed? You’ll have zero employer benefits
Key Features to Know
- Short-term and long-term cover available
- Deferred period options (e.g. 1 month, 3 months) to suit your budget
- Often includes rehabilitation support to help you return to work
Is Income Protection Expensive?
It’s more affordable than you think. Premiums are based on:
- Age and health
- Occupation
- Waiting period
- Cover amount and term
Some providers offer budget-friendly options, especially for younger applicants or those with group schemes.
Final Thoughts
Protecting your income is protecting your home, lifestyle, and future. Whether you’re employed or self-employed, income protection can give you breathing space in difficult times.
Want a quote for income protection tailored to your mortgage? Speak to one of our advisers today.
Emily's Mortgage Services LTD 