Income Protection Coverage Calculator

The amount of income protection insurance you need depends on your personal circumstances. That’s because the level of cover you can get is based on your earnings.

Income protection usually pays out 50-70% of your income before tax is taken out. However, each provider sets its own limits. There’s usually an agreed-upon amount of time before any payments start. This is known as a “deferred” period.)

Income protection insurance pays out in a variety of circumstances, which vary between providers. The circumstances you can claim for will be shown in your policy documents. Before purchasing a policy, it’s important to know what you’re covered for.

Certain circumstances aren’t covered by income protection insurance. These include but aren’t limited to:

• Pre-existing conditions
• Death of the policyholder
• Unemployment
• Redundancy
• Self-inflicted injuries
• Illnesses or injuries resulting from alcohol or drug abuse