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Income Protection For The Self Employed

What happens if you're sick or injured and can't work?

Don't worry, income protection insurance pays you over 60% of your usual monthly income, tax-free, until you're fit for work.

For the price of a coffee per day!*

*Premium of £2.50 based on a 27-year-old builder, earning £24,000 a year, non-smoker, contract until the age of 64 with a 4-week deferred period

million

Working days lost due to sickness or injury in the UK. Source: ONS 2019*

million

Workers off sick for more than 1 month.
Source: GOV.UK 2014*

million

People of working age will be off work for at least 6 months due to ill health.
Source: Cover Magazine 2015*

Things to consider before taking out Income Protection

Do you want your own occupation covered or any occupation? This is a complicated question and one of our advisors will be able to help you work out the answer.

When would you like the payout to start, after 1 day or 6 months? How many days or months can you survive before you start struggling to pay the bills?

Is in Income Protection right for you? Perhaps you already have enough savings to keep going, which in that case perhaps Life Insurance may be a better option. 

 

Is Income Protection right for you? Perhaps you already have enough savings to keep going for a few months, but then what happens if you are off work for longer than that?

If you are off work sick or injured will the government or your employer pay you anything? Some employers have limited protection in place whilst the Statutory Sick Pay is £94 per week.

Support in times of need

When you’re ill or injured and can’t work it pays a proportion of your lost earnings

Flexible cover

Choose cover that payouts from your 3rd day off work or longer to suit your needs and budget

Monthly payment

Get a monthly income to cover up to 70% of your lost earnings

Income Protection, Done Right

As a specialist income protection advisor, we listen to your needs then compare the market to find the right cover for you. Everyone has different personal circumstances and finding exactly the right policy that balances payouts and cost is our goal for our clients.

We believe we can only get your 100% Income Protection Insurance right if we take the time to understand you.

Number of Income Protection Payouts in 2018*
Value of Payouts*
£
Ease of Using Sherpa to Help
%

*Payout statistics from the Association of British Insurers (ABI) 2018 report

Want to find out more about Income Protection?

Give us a few details and one of our advisors will get in touch to answer your questions.