Income protection insurance
Protect your income if you can't work. And boost your payouts by up to 20%1 when you look after your health.
What is income protection insurance?
Income protection is a type of insurance policy that provides a regular stream of monthly income if you're unable to work due to illness or injury.
This financial safety net allows you to focus on your recovery without the added stress of lost income and mounting bills.
Income protection insurance can:
- pay out if you need to take time off work for an illness or injury
- pay you part of your monthly income
- support your recovery and get you back to work
How is this different from life insurance?
Benefits of Income protection insurance
You never know when an illness could stop you working. But you can put the right cover in place, just in case.
If you get sick or injured and can't work, income protection insurance:
- Pays you a tax-free monthly income if you need to take time off work for an illness or if you've been injured
- Helps pay for expenses like a mortgage or rent whilst you recover
- Gives you access to private healthcare treatment to support your recovery
Benefits of Life insurance
Pays your loved ones a lump sum if you're diagnosed with a terminal illness or pass away.
With life insurance you can:
- Choose between a whole of life or a fixed term plan
- Cover important costs, like your mortgage, funeral or family living expenses
- If your circumstances change, you change the amount your family would get
How much does income protection insurance cost?
Your premium depends on few things, like:
- Your age
- Your medical history and your family’s medical history
- Your job
- Your income level
- How much alcohol you drink
- Your choice of deferred or waiting period
- If you’re a smoker (or use other tobacco products)
You could also add on indexation. This allows you to increase your cover in line with inflation. Let’s explain.
How to make a claim on income protection
Make a claim
Call us on 0345 601 0072, email lifeclaims@vitality.co.uk or find out more.
We'll assess the claim
Our team will keep you updated on the progress of your claim.
Payment
If your claim’s approved, a monthly income will be paid into your bank account.