Income Replacement Policies

For an immediate income protection quote during working hours please call 0845 365 0030 quoting ref WS6
I want a short term mortgage income replacement policy that will pay benefits for up to 12 months.
I want a long term income protection plan.

Whether you need a short term or a long term income protection policy we can help. Use our online tool to compare a wide range of income protection plans online.

We offer a wide range of income protection plans the short term policies known as ASU or MPPI depending on whether they are mortgage related or not. These plans generally pay out for between 12 & 24 months. The long term income replacement policies are known as permanent health insurance or PHI and these can pay benefit up to age 65.

Long term income replacement policies are generally medically and occupationally underwritten. This means that the premiums are affected by your age, occupation and or medical history. Short term income replacement premiums are generally not affected by these factors.

The long term income replacement providers normally use four categories to define occupation.

Manual workers who work in a potentially hazardous environment such as steeplejacks and steel erectors, alternatively people with high risk hobbies such as aviation, mountaineering or motor racing. Anyone in this category will find their income replacement policy more expensive

Mainly manual work in a non hazardous environment such as a warehouseman or forklift driver will still have relatively high premiums compared to the other occupation class

If you are looking for an income replacement plan and there is an element of administrative work in your role, or you are a supervisor or manager, this will reduce the premiums you will pay for your policy.

The lowest occupation rating for an income replacement policy is where no manual work at all is involved in your occupation. This would include income protection for doctors, medics and dentists.

Plans specifically targeted at this occupation group are known as executive income protection and these plans generally benefit from the lowest rates.