Income Protection Calculator

Income Gap: We calculate the difference between your essential monthly outgoings and any sick pay you would receive. This gives the minimum monthly benefit you'd need to cover your bills.

Increasing Cover (Most Common): The benefit rises each year (typically by a fixed percentage) to ensure your payout keeps up with the cost of living. This is the most common choice because it protects your income against inflation over the life of the policy.

Level Cover: The monthly benefit stays the same for the duration of any claim. Simpler and usually cheaper, but the real value of the payout decreases over time.

Salary cap: Most insurers limit payouts to 50-70% of your gross salary to encourage a return to work. The actual cap depends on the insurer and policy type.

Deferral period: The waiting time before your policy starts paying out. A longer deferral means lower premiums, but you'll need other funds to cover the gap.

These figures are estimates to help you plan. Actual premiums and benefits will depend on your age, health, occupation, and the specific insurer.