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Income protection is a type of insurance policy that pays you a regular income if you can’t work because of an illness or disability and continues until you return to paid work or retire.
Income protection covers you for many types of illnesses and disabilities, but the expectation is that you can return to work eventually. In some cases, you will not be able to return to work, and in this case your insurance expires once you reach retirement age. Income Protection can pay out more than once, but there is a cap on how much you can receive based on your salary.
You must also provide a deferred period to your policy. This time is how long it will take for your policy to start paying. First, you must use your savings, a worker’s sick pay scheme or other income. Once the deferred period is over, the policy will start to pay. The shorter your deferred policy, the higher your premiums’ cost.
As a mortgage broker in London, we recommend the right policy for you and determine what specifications you will need for your Income Protection insurance policy.
We have also dealt with customers who have never had to claim their insurance. Ultimately, it is more important to have something in place in the event that your circumstances change. If you want to find out if Income Protection would be beneficial for yourself and your personal situation, contact us for a free initial insurance review in London.
At Londonmoneyman, we can offer all new / existing customers with a free Insurance review with one of our protection & mortgage advisors in London.
Income Protection can be expensive, as it can pay out numerous times. If you have additional Insurance policies in place, we recommend working out the total costs and what you are insured for.
When you take out your policy, make sure you know what it pays for and the conditions that come with it. Your protection advisor in London should help with this.
During your free initial appointment, our team will go through your personal and financial situation and see if Income Protection will be the most suitable option for you. Factors like your lifestyle, age and medical history will be taken into review so that we can work out the most suitable policy.
You can already have Income Protection Insurance in place. Many employers do not need to take out a separate insurance policy because they offer this as part of the employee benefit program. Your employment contract should contain details of all your company’s insurance policies.
If you already own another type of insurance policy, like Critical Illness cover, which focuses on illnesses and disabilities that will prevent you from working again, you might not need income protection. But there’s no harm getting your current covers reviewed to see if there anymore that you need in the near future.
We find as an insurance and mortgage broker in London, that people may rather save money on Income Protection Insurance and use their savings instead. If you prefer to use your savings, you must determine if you can cover your cost of living for the time you need.
Look at it in this perspective, what happens if you need more time off in another emergency? Do you have additional savings to cover the costs?
For insurance business we offer products from a range of insurers.
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As first-time buyers, we had very little knowledge of the mortgage process and found it quite daunting, especially with rising interest rates and uncertainty in the property market. We’re extremely grateful to Dinah and Jo for their support and would highly recommend UK Moneyman to any first-time buyer looking for a professional, knowledgeable and supportive mortgage broker.
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Jade Wilmot
As first-time buyers, we had very little knowledge of the mortgage process. We changed properties along the way, and our circumstances made the mortgage process more complex than we initially expected. Dinah and Jo were absolutely brilliant throughout. We would definitely recommend UK Moneyman to anyone looking to set up a mortgage.
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First class service. Jason and Lizzie helped me immensely getting a good mortgage quickly when I found myself separated. They pulled out all the stops and even spoke to me after hours. Excellent and would highly recommend. I can’t thank them enough. I now have my dream home
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Paula and Jason have been so helpful in getting our first mortgage sorted. They were quick to answer any questions and very helpful with their advice. Thank you very much
23 Oct 2026
Rebecca Joy
Leo and Lizzi were exceptionally helpful. Leo gave us great advise, not just on products available, but on things like bidding on properties, whether we were likely to be approved for more complicated properties etc. Lizzi was very communicative and thorough in processing our application, and after our first sale fell through we didn't hesitate to use UK Moneyman again. Thanks so much to Leo and Lizzi!
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Very helpful and informative. Made the process as easy as possible. Would recommend to other
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Barry Hall
I had a financial issue that I thought was pretty unique to myself. The help and solution to my financial question has been exceptional in every step of the way. A big thank you to Warren and Joe for all of your patience and technical expertise.
14 Oct 2026
Megan Whitlock
The team working with my profile were amazing, I was in constant communication with them, if I emailed and rang someone responded quickly and they were able to secure my mortgage within 6 weeks from my initial meeting which saved me a lot of messing around and stress. Great service thank you
14 Oct 2026
Linda Chadwick
Amazing company very helpful and patient fantastic staff at the Hull branch nothings to much trouble sorted me a morgage out quickly and efficient i would recommend them 100%
14 Oct 2026
Natalie Rose
We’ve had Elaine Tiernan as our mortgage advisor and she has helped us out so much in the process of being approved with our first mortgage. From working around our working hours to arrange phone calls and online teams meetings to being prompt to respond to our enquiries. Elaine has been nothing but helpful, professional and supportive in our journey this far and we are very grateful to have had her as our mortgage advisor. Thank you to Paula aswell for always checking up on us and ensuring the process was as smooth as possible. Natalie and Liam
13 Oct 2026
Discuss possible relevant insurances you want to take with a dedicated protection advisor in London or listen to our recommendations.
Your protection adviser in London will run through your health background with you, collecting some initial information to make a verdict.
We will meet your available monthly budget and create a tailor-made plan that surrounds your current personal and financial situation.
Our team can search through 1000s of insurance products to find the most suitable, to protect you and your family.
Once we have found the right product for you and you are happy to continue, we will submit your application to the provider.
Occasionally, the policy provider may return to us for further information before they will consider accepting the application.
If you have also taken out your mortgage with us, we will contact you again at the time of the remortgage. We will also take this time to look at any policies you have in place.
The circumstances change and the policies you took out at the beginning of your mortgage may no longer be suitable for you at the time of your remortgage.
We offer all new / existing customers a free, protection review where we’ll have a look at any existing policies you have in place and assess their suitability.
We will then recommend which products, like critical illness income protection or/ and life insurance, meet your needs. If necessary, we will adapt the plan to your monthly budget available.
Your Protection advisor in London will always provide clear and transparent mortgage advice in London. From start to finish, they will work for you and try to find you the most suitable deal based on your personal and financial situation.
We have over 20 years of experience in the mortgage and protection sector. We helped many customers take out Income Protection products in the past and could help you next!
Our Mortgage and protection advisors in London want to ensure you are protected and have the correct policy that will give you financial help when needed most.
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Londonmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Londonmoneyman 2009–2026
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Londonmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Londonmoneyman 2009–2026
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