Income Protection
- Replace Lost Income if Illness or Injury Stops You Working
- Flexible Policies Tailored to Your Job, Lifestyle & Budget
- Independent Advice to Keep You Financially Secure Through Uncertainty
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Income Protection – Keeping Your Income Secure When You Can’t Work
If illness or injury stopped you from working, how long could you keep up with your bills, mortgage, or rent? For most people, savings or employer sick pay only go so far — and that’s where Income Protection makes all the difference.
At L & K Financial, we help you find the right income protection insurance to provide a regular, reliable income when you’re unable to work due to illness or injury. It’s peace of mind that your finances will stay on track while you recover.
What Is Income Protection Insurance?
Income protection is designed to replace part of your income if you’re unable to work for medical reasons. Unlike critical illness cover, it doesn’t depend on a specific diagnosis — it pays out based on your inability to work.
The monthly benefit can help cover your:
- Mortgage or rent
- Household bills and groceries
- Childcare or family expenses
- Everyday financial commitments
You can use the payments however you choose, allowing you to focus fully on your recovery without financial stress.
How Does It Work?
If you’re signed off work due to illness or injury, your income protection policy will start paying out after a waiting period (known as the deferred period). The benefit continues until you return to work, reach the end of the policy term, or retire — whichever comes first.
Deferred periods are flexible and can be matched to your employer’s sick pay arrangements to keep premiums affordable.
Why Income Protection Matters
Statistics show that the average UK worker is far more likely to be off work due to illness or injury than to pass away before retirement. Yet many families rely on one main income, with little savings to fall back on.
Income protection provides:
- Financial stability while you recover.
- Protection for your home and lifestyle.
- Confidence and security for you and your family.
It’s not just a safety net — it’s a plan for peace of mind.
Speak To an Expert
Protect What Matters Most – Your Family, Income & Home
Tailored Advice You Can Trust
At L & K Financial, we understand that every client’s situation is different. We’ll:
- Assess your income, outgoings, and existing benefits.
- Recommend suitable cover levels and deferred periods.
- Compare quotes from leading UK insurers.
- Explain all your options in clear, simple terms.
Our advice is fully personalised — we’ll help you find the best income protection policy for your needs, budget, and profession.
Regular Reviews for Long-Term Confidence
As your career and lifestyle change, so do your protection needs. That’s why we recommend regular reviews to make sure your income protection continues to fit your circumstances.
We’ll always be here to help you adjust your cover and keep it working for you.
Protect Your Pay, Protect Your Peace of Mind
You work hard to build your life — make sure it’s protected. Speak to L & K Financial today for clear, professional advice on income protection insurance in Nottingham and across the UK.
Together, we’ll help you secure your income and your future.
Based in Nottingham, supporting clients locally and nationwide.
L & K Financial – Protecting your future, one step at a time.
FAQs Income Protection
Income protection insurance pays you a regular, tax-free income if you’re unable to work due to illness or injury. It helps replace part of your earnings until you can return to work, retire, or reach the end of your policy term — whichever comes first.
Most employers only offer statutory sick pay (SSP), which is often not enough to cover household bills and other expenses. Income protection gives you financial stability while you recover, helping you maintain your lifestyle and focus on getting better without added financial stress.
The deferred period is the time between stopping work and when your payments start. You can choose how long this is — typically 4, 8, 13, 26, or 52 weeks. A longer deferred period usually means lower premiums, and we can help match this to your employer’s sick pay policy.
Not quite. Critical illness cover pays a one-off lump sum if you’re diagnosed with a specific serious condition, while income protection provides ongoing payments for as long as you’re unable to work due to any illness or injury (subject to policy terms). Many people choose to have both for complete protection.
Yes — in fact, income protection can be even more important for self-employed individuals, as you may not receive any sick pay at all. The policy can replace part of your income so your business and personal finances stay on track while you recover.
The cost depends on factors such as your age, occupation, health, deferred period, and amount of cover. We’ll compare policies from a wide range of insurers to find a plan that’s affordable and fits your specific needs.
Savings can help in the short term, but they may not last through a long illness or recovery. Income protection provides long-term financial security, so your savings can stay intact for other goals like your home, family, or retirement.