How much Does Income Protection cost?

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Home » Frequently Asked Questions » How much Does Income Protection cost?

Answer:

This will depend upon your individual circumstances and your choice of policy. You can generally insure 50-65% of your salary with an Income Protection policy, with benefit claim periods lasting anywhere from 1 year up to your anticipated retirement age.

There are numerous factors that will affect the cost of your premium:

Age
Occupation
Medical History
Deferred period – the amount of time out of work before you can make a claim
Benefit period – from 1 year to your anticipated retirement age
Benefit amount – typically a maximum of 50-60% of your income
Claim definition – working tasks, own occupation, suited occupation

To request an Income Protection Quote click here or you can call us on 0800 567 7450. If you would like more information on Income Protection click here.

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