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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?
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.
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Charlie helped guide me through the process and answered all my questions. Would highly recommend London money man to everyone!
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Ryan at London Moneyman made moving home with my mortgage easier. Thank you, 5 stars service.
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Laura
I was nervous buying my first home but londonmoneyman were fab! Thank you for helping me 🙏
7 months ago
Jaycee
A+ service. communication was brilliant, helped me find a mortgage. Will definitely be back!
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Great company. Great service. Recommend 100%
7 months ago
Otto
thank you chloe for help with my mortgage iwill be back next time.
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Excellent service very helpful with my mortgage 😀
7 months ago
Seb
Very useful and efficient service. Thank you london money man!
7 months ago
Josie
Dinah and the team at London money man were super helpful with a remortgage on our family home. They got us through the process quickly and found me a much better deal than we were on. Thank you again, we'll be back in touch for our next...
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Jeb
Great service from Kayleigh & Leo! Made it easy and stress free, thank you both for finding me a suitable product. I would not have got through this without their help.
7 months ago
Derek
Helped me and my partner on our remortgage. Molly was friendly and polite on the phoen and helped us throughout the process. Would reccomend 👍
7 months ago
Marina
Leoand Kayleigh were great during my process. He made everything stressfree for me as a first time buyer. Would definitely recommend to others going through the same process as it helped a lot. Thank you..Marina
7 months ago
James
Thank you Londonmoneyman. From my free initial mortgage appointment to completion I was kept in the loop. Jason was great and would definitely recommend.
7 months ago
Ruby
Tom and Louise were so helpful throughout the whole process. As First Time Buyers we were almost scared to start looking for a home but the team at Londonmoneyman put us at ease and now we have a lovely new home. Thanks for everything!
7 months ago
John
Amazing service from start to finish. Charlie, Megan and the application team were very helpful throughout, to help with any queries, and kept me up to date with the process at every stage. Couldn't recommend them enough!
2 years ago
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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