Income protection a regular tax-free monthly income which aims to put you back to the position you were in before you were unable to work, due to illness or injury

The product is not designed to enable you to make a profit out of your situation.

The maximum income paid by this type of policy is typically between 50% to 65% of your pre-tax earnings.

There are long-term income repayment policies that are designed to start between when your employer stops paying  you sick pay, and when you start to collect your pension. There are shorter-term policies too, that protect loans or other payments. These polices normally start after a few weeks, but generally finish after 12 months.

We recommend that you take the time to read the terms of any policy, to ensure that it will pay out when you need it to. More often the shorter-term policies have exclusions on such illnesses as stress or back pain. emortgages advisors will ensure that any policy we recommend to our clients has been fully explained and that the small print is explained before you start any policy to make sure that you get the best cover possible.