What Is the Best Income Protection Insurance in the UK?
The best income protection in the UK depends on your occupation and needs. Leading providers include Legal & General, Aviva, LV=, Vitality, and Royal London. Prioritise 'own occupation' definitions over price - the cheapest policy isn't best if it won't pay when you need it. Use an adviser to compare the whole market.
What Makes a Policy 'Best'
Policy Definition
'Own occupation' (can't do YOUR job) is much better than 'any occupation' (can't do ANY job)
Claims Reputation
Look at claims acceptance rates and customer reviews for claims handling
Premium Type
Guaranteed premiums can't increase; reviewable premiums may rise over time
Support Services
Good policies offer return-to-work support, not just monthly payments
Frequently Asked Questions
Which UK insurers offer the best income protection?
Leading providers include Legal & General, Aviva, LV=, Vitality, Royal London, and British Friendly. The 'best' depends on your circumstances - occupation, health, and what features matter most to you.
What should I look for in a policy?
Key factors: own occupation definition (vs any occupation), guaranteed vs reviewable premiums, day one cover for accidents, rehabilitation support, and the claims process reputation.
Is the cheapest policy the best value?
No. Cheaper policies often have restrictive definitions (e.g., 'any occupation' instead of 'own occupation'), which makes claiming harder. Focus on policy quality, not just price.
Should I use an adviser or buy direct?
Using an adviser is recommended. They can compare the whole market, match policies to your occupation, and ensure you get the right definition and features. Most don't charge you directly.
Related Questions
This page provides general information only and does not constitute personal financial advice. Income protection insurance products and their terms vary between providers. Always read the policy documentation carefully before purchasing. Your Home Finance is authorised and regulated by the Financial Conduct Authority.