Redundancy Income Protection - Replace Your Income During Illness

TL;DR

Does income protection cover redundancy? Most policies don't - here's what does and how to protect your income if you lose your job.. If redundancy is a concern, it’s worth comparing options carefully so you understand what is and isn’t covered.

This guide explains everything you need to know about this type of cover, including how it works, what affects the cost, and whether it's right for your situation. Our FCA-regulated advisers can help you compare options from leading UK providers.

Key Points

Provides ongoing monthly payments during extended absence from work
Typically covers 50-70% of your gross salary
Payments continue until you recover, retire, or the policy ends
Can cover almost any illness or injury that prevents work

Who Is This For?

This information is particularly relevant if you're self-employed, a contractor, or anyone without comprehensive employer sick pay. If losing your income would affect your ability to pay bills, rent, or mortgage, income protection provides a financial safety net.

Next Steps

Our FCA-regulated advisers can help you find the right income protection policy for your circumstances. We compare the whole market to find cover that fits your budget and needs.