When Does Income Protection Pay Out - Replace Your Income During Illness

TL;DR

Income protection pays out after you’ve been unable to work for longer than your chosen waiting period and you meet the policy’s definition of incapacity. It then pays a monthly benefit, typically until you return to work or reach the end of the claim period you selected.

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

Ensures bills are covered when Statutory Sick Pay isn't enough
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.