What we check
- Waiting periodHow long before payments start: often anything from a week to several months.
- Benefit termWhether it pays for a limited time or until retirement age.
- Temporary and permanent coverShort illnesses and long-term disability are often separate benefits.
- Occupation definitionWhether you're assessed against your own job or any job you could do.
- How much you can insureInsurers limit cover to a portion of your income.
- Employer benefitsCheck what your group scheme actually pays, and for how long.
Common mistakes
- Assuming sick leave is enoughSick leave runs out quickly in a serious illness.
- Self-employed with no cover at allNo employer, no sick leave, no income.
- Waiting period longer than your savingsIf your emergency fund lasts one month, a three-month wait leaves a gap.
Is your current policy still right for you? Policies that were right a few years ago often aren't today. A review costs nothing.
Common questions
Is income protection the same as disability cover?
No. Income protection pays monthly. Disability cover usually pays a lump sum if you're permanently disabled.
Is the payout taxed?
Tax treatment depends on the policy and current tax rules. We'll go through it for your situation.
How this applies to you
General information only goes so far. Your age, family, debts and existing cover all change the answer. A free 15-minute call is the quickest way to find out where you stand.