Income Insurance Advice

What is Income Insurance?

Income insurance is commonly referred to as income protection, and is a policy that provides financial support in the case that you’re unable to work due to illness or injury. Most income insurance policies pay a monthly benefit to cover essential living costs, helping you maintain your lifestyle and meet commitments like mortgage payments or bills. At Boon Brokers, our fee-free, whole-of-market advice can find the right income protection that is tailored to you.

Fee-Free insurance advice
Whole-of-market access
End-to-end support and guidance
Regulated and authorised by the FCA

Submit an enquiry and await contact from one of our expert fee-free brokers.

Expert Advice

Your broker will listen to your insurance requirements and provide a proposal.

Insurance Submission

Your broker will submit your application and await your policy documents.

View Full Process

How Does Income Protection Insurance Work?

Standard income protection insurance will pay out a portion of your income if you’re unable to work due to illness or injury. After a waiting period, it pays regular, tax-free monthly benefits to cover essential living costs until you can return to work. At Boon Brokers, our expert insurance advisers can guide you through how income protection works, different policies, and help you find and tailor a policy to your needs.

Who Needs Income Protection Insurance?

Income protection is specifically important for anyone relying on a steady income, particularly self-employed workers or those without statutory sick pay. It provides financial security if illness or injury prevents you from working, helping you maintain your lifestyle, pay bills, and cover mortgage repayments.

How Much Income Protection Cover Do I Need?

The right level of cover will wholly depend on your personal circumstances. From monthly expenses, income, occupation, and any other financial support you may have. At Boon Brokers, our expert advisers will listen and assess your situation to find a policy that balances adequate protection with affordability, making sure that your financial safety is covered if the unexpected happens.

What Is a Deferred Period in Income Protection Insurance?

The deferred period is the time between when you stop working and when your income protection payments begin. This timeframe can range from 4 weeks to several months, and selecting the right period impacts both your premiums and payout. To ensure that you get the protection that matches your needs, our expert advisers will help you choose a period that fits your financial situation and budget.

Can I Get Income Protection With a Pre-Existing Medical Condition?

Yes, many insurers offer income protection policies for pre-existing health conditions. While premiums may be higher or certain exclusions may apply, Boon Brokers’ whole-of-market advisers can identify providers willing to accommodate your medical history, helping you secure the best possible cover.

How Do You Compare Income Protection Policies?

Working with a trusted whole-of-market broker - like Boon Brokers - is the best way to compare policies from a wide range of UK insurers. We will focus on waiting periods, payout limits, exclusions, and coverage terms, all to ensure you get the best income protection policy suited to your income and lifestyle.

How Long Does It Take to Arrange Income Protection?

Most applications will only take a few days to be completed. Naturally, more complex cases or specific policy types can take longer.