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Income Protection Insurance
and Financial Security
Most people insure their home, their car, and their phone. But their income is what pays for everything.
Income Protection is designed to pay you a regular monthly income if you cannot work due to illness or injury. It can help you keep up with your mortgage, rent, bills, and essential costs while you recover.
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This cover can be especially important if you are self-employed, have limited sick pay, or rely heavily on your income to support your household.
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Income Protection does not replace your full salary. It usually covers a percentage of your earnings, and payments begin after a waiting period you choose.
Protection Matters
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We start by understanding your financial goals and needs. Our experts analyze your situation to provide tailored mortgage solutions that fit your requirements.
After a thorough review, we offer personalized recommendations. We present you with the best mortgage options available, ensuring you make an informed decision.
Once you've chosen a mortgage, we assist you in finalizing the paperwork and securing your loan. We handle the process efficiently, making your experience seamless.
Why Choose Greenshoots Financial
Income Protection can be one of the most valuable types of cover. It can also be one of the most complex.
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We compare the full market and explain your options in plain English. We look closely at policy definitions, claim terms, and exclusions so you understand what you are buying.
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There is no fee for our advice. We are paid by the insurer if you choose to take out a policy.
Why Choose Income Protection?
​Protect your monthly finances
Helps cover your mortgage, rent, bills, food, childcare, and other essentials if you cannot work.
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Regular income instead of a lump sum
Unlike some other protection policies, this cover is designed to support you month by month.
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Support for long-term illness or injury
Some claims last years. Cover can continue until you recover or reach the end of the policy term, depending on the plan.
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Options to suit your work and budget
You can choose benefit amount, waiting period, and term length to keep premiums affordable.
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Often includes extra support services
Many insurers include rehabilitation support, mental wellbeing tools, GP services, or physiotherapy access as part of the policy.
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Please note that Income Protection plans do not have a cash-in value and will stop if payments cease.
What Income Protection Covers
Income Protection generally covers time off work due to illness or injury, including:
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Musculoskeletal issues such as back and neck pain
Mental health conditions such as stress, anxiety, and depression
Serious injury or recovery from surgery
Chronic illnesses that limit your ability to work
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In the UK, musculoskeletal conditions were the most common reason for income protection claims in 2024.
Cover depends on your insurer’s definitions and the type of policy you choose. We help you compare policies, so you understand what is covered and how claims are assessed.
How Much Does Income Protection Cost?
Premiums are based on several factors, including:
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Age
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Health and medical history
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Smoking status
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Occupation
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Income amount and benefit level
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Waiting period before payments start
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Length of time the policy would pay out
The right policy is not always the cheapest. The value comes from clear definitions, strong cover, and terms that match how you work.
We help you find a policy that balances affordability with meaningful protection.
Who Might Need Income Protection?
Income protection can be worth considering if you:
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Rely on your income to cover your essential bills
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Have dependants and household responsibilities
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Are self employed or have limited sick pay
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Have a mortgage, rent, or other long-term commitments
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Want a safety net if illness or injury stops you working
Even short periods off work can quickly create financial pressure. Income Protection is designed to reduce that risk.
How much cover do I need, and what is not covered?
There is no single right answer. Most people base it on:
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Your monthly commitments
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Your savings and emergency fund
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Your sick pay entitlement
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How long you could manage without income
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We can help you work through the numbers and recommend a level of cover that feels realistic and manageable.
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In terms of what is not covered, policies vary, but Income Protection usually:
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Will not pay out for unemployment or redundancy
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May exclude pre-existing conditions, depending on underwriting
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Requires medical evidence and proof of inability to work
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Will not pay if you do not meet the policy definition of incapacity
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This is why advice matters. Small wording differences can affect whether a claim is paid.
