Income Protection Insurance
Income protection insurance is designed to replace your income should you be unable
to work due to illness or accidental injury.
ActiveQuote's income protection comparison system offers free income protection
insurance quotes online in less than two minutes, to help you find affordable income
protection for accident, sickness and unemployment. With ActiveQuote you can compare
income protection quotes from leading UK insurers to find the best policy for your
Why do I need Income Protection Insurance?
Half of the UK population would survive financially for just 17 days should they
suffer unexpected loss of income. Ask yourself the following questions:
- Would state benefits allow me to maintain my current lifestyle?
- Could I live off my partner’s income indefinitely?
- Do I have savings I could live off indefinitely?
If the answer is no to any of the above, then you should probably consider comparing
online income protection insurance quotes.
What does Income Protection cover?
With UK income protection insurance, you will not need to use your savings or rely
on state benefits if you are unable to work. People take out income protection cover
for a number of different reasons, including:
- To protect the cost of mortgage or rent payments
- To protect their loan, credit card or car finance payments
- To meet their monthly commitments, like utility bills, food bills or internet
- To protect their general lifestyle like holidays, school fees or gym membership
What types of Income Protection Insurance are available?
Income insurance can be divided into long-term policies and short-term income protection
policies. The kind of income protection policy you need will depend on how long
you require your cover to pay you an income.
Long term income protection
Long term income protection cover will provide you with a regular tax free income
if you can’t work because of an illness or disability. Long term income insurance
will continue to pay out until you can get back to work or until the end of the
policy term, which is usually retirement. Long term policies are very flexible-
our income protection comparison system will let you tailor your online income protection
quotes to suit your needs and your budget.
Short term income protection insurance
Short term income protection cover is designed to cover periods of temporary unemployment
and incapacity, or to meet the cost of a specific debt. Short term policies will
generally pay out for 12 months rather than until recovery or retirement. There
are three types of short term income protection:
- Accident, Sickness and Unemployment (ASU): Pays a tax free monthly
income for a maximum of 12 months if you were off work due to sickness, accident,
- Mortgage Payment Protection Insurance (MPPI): Gives a monthly payment
to meet mortgage and mortgage related expenditure in the event of accident, sickness
and or unemployment.
- Payment Protection Insurance (PPI): Covers credit repayments, such
as loans or credit cards if you were unable to work due to accident, sickness or
ActiveQuote will compare both long term and short term UK income protection policies
to help you find the best income insurance protection quote to suit your needs and
Accident, Sickness and Unemployment
Accident, Sickness and Unemployment Insurance is a short term income protection policy that replaces your income for up to 12 months should you be unable to work due to accident, sickness or forced unemployment.
Income Protection - Frequently Asked Questions
Purchasing Income Protection Insurance can be a complicated process, and there are some questions which are asked time and time again. Here, ActiveQuote answers some of the most common queries about Income Protection to help make the buying process a little bit easier.
Income Protection Insurance Glossary
There are many industry terms associated with income protection insurance which can sometimes be confusing. To help you understand more about buying income protection insurance, ActiveQuote has provided an income protection glossary to explain the key terms surrounding the product.
Long Term Income Protection
Long term income protection is designed to replace your gross monthly income right up until retirement age should you be unable to work due to illness or injury.
Mortgage Protection Insurance
Mortgage Protection Insurance is a type of short term Income Protection that will meet your mortgage repayments if you cannot work through accident, sickness or unemployment.
Redundancy insurance, otherwise known as unemployment insurance, is a type of income protection policy that is designed to pay you a monthly benefit if you become involuntarily unemployed.
Self-Employed Income Protection
Income protection will pay you a monthly tax-free benefit if you are unable to work because of accident or sickness. Income protection insurance is available for both the employed and the self-employed, and is particularly useful if you do not have savings to fall back on if you became too ill to work.
Why choose ActiveQuote to compare Income Protection Insurance?
Online income protection comparison
ActiveQuote's unique technology compares income protection insurance quotes from
all the leading UK insurers and allows you to buy an income insurance policy instantly
online. Just fill out a few basic details about yourself and let our comparison
system search the whole market for the best income protection cover.
The benefits of using ActiveQuote include:
- Compare ALL leading UK insurers including LV, Aviva and Prudential
- Compare long and short term policies online
- Tailor your quotes using filters and options
- Buy the best income protection instantly online
- FREE advice from a team of FCA authorised experts
Sometimes insurance quotes can be hard to choose between, particularly with a flexible
product like income protection insurance.
Luckily, ActiveQuote is a specialist UK income protection broker, fully authorised
and regulated by the FCA. Our team of experts can offer free personal advice to
help you find an affordable income protection insurance quote with the right amount
of cover. An ActiveQuote advisor can:
- Offer impartial advice about the whole income protection market
- Help you narrow down your income protection insurance quotes to find you the best
- Regularly review your policy to make sure you are still getting affordable income
ActiveQuote deal directly with the UK income insurance companies and we will never
disclose your information to third parties.
Please get in touch and speak to one of our personal advisors for impartial, no
obligation advice and information about finding best income protection cover.