Income Protection
Worried about your finances if you had to take time off work due to illness or injury? Income Protection can help provide the financial stability you need until you can get back on your feet.
In 2022, 185.6 million working days were lost due to sickness or injury 1
Over 750,000 mums helped
What is Income Protection?
If a broken leg stopped you from working, or you were signed off for an extended period due to mental health, Income Protection can provide up to 60% of your annual salary. Paid in monthly instalments, you can use the money to help you to stay on top of your bills until you’re well enough to return to work. Typical claims may include:
- Mental health
- Musculoskeletal injuries or conditions
- Serious illness
Why is Income Protection important?
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Financial Stability
Income Protection can supplement or replace your sick pay, for a set period or until you retire or the policy finishes, helping to cover the bills while you get back on your feet. This is especially relevant for freelancers or those without sick pay.
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Flexible Cover
Choose cover that suits your needs, whether that’s a short-term payout for a max period of 1-5 years, or long-term cover which lasts for as long as you need – until you return to work, retire, or your policy ends.
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Mental Wellbeing
Unlike Serious Illness Cover, Income Protection can help to supplement or replace your sick pay if you’re signed off work due to mental health issues such as stress, depression or anxiety.
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Recovery Support
Afford yourself the space and time you need to focus on recovery so you can get back to work sooner.
What Does Income Protection Cover?
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What’s Usually Covered?
Income Protection will cover most illnesses or injuries which stop you from working or collecting your salary. You can usually claim as many times as you need to while the policy is running, which can be anywhere from 2-5 years, or up until you retire.
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What’s Not Covered?
Income Protection will not pay out if you lose your income due to resignation, redundancy, or dismissal – it only covers illness and injury. In addition, there may be certain exclusions included in your policy due to pre-existing conditions, but this isn’t always the case, and your advisor will make these clear to you.
Mums know best
Don’t just take our word for it. Hear from some of the mums just like you who chose to help protect their families’ financial futures with Polly.
Manage your policy from our app
You can now view and access your policy documents in one place, any time, anywhere. Our Polly app helps to make keeping on top of your insurance super simple. Manage your payments, learn about our other products and get in touch at the tap of a button.
Three steps towards financial peace of mind
- Fill in the form
It’s just a few questions, no confusing financial jargon, and you’ll be done before the kettle’s boiled. Once you’re ready, just hit ‘send’. - Talk to us
Expect a call. Not from a robot, but from a real person who’s here to help you find the right cover for you and your family. - Relax
Let’s be honest, you’re a mum & you’ve got loads on. So we’ll handle the tricky stuff while you get on with your day. Simple, huh?
If you’ve got questions, we’ve got the answers.
If you’ve got questions, we’ve got the answers.
Income Protection FAQ’s
How long does Income Protection cover last?
Income Protection policies can last a few years, or run until you retire, and can flex around your needs and/or budget.
What’s covered with Income Protection?
Income Protection will cover most illnesses or injuries which stop you from working or collecting your salary. You can usually claim as many times as you need to while the policy is running, which can be anywhere from 2-5 years, or up until you retire.
What’s not covered with Income Protection?
Income Protection will not pay out if you lose your income due to resignation, redundancy, or dismissal – it only covers illness and injury. In addition, there may be certain exclusions included in your policy due to pre-existing conditions, but this isn’t always the case, and your advisor will make these clear to you.
How is Income Protection different from Health Insurance?
Unlike Health Insurance, the monthly pay-out you receive from your Income Protection Insurance can be used to cover any expense, not just medical bills.
What’s the difference between Income Protection and Serious Illness Cover?
Income Protection (IP) will typically cover most illnesses or injuries which stop you from working, while Serious Illness Cover (SIC) can be more restrictive, and usually requires you to be diagnosed with, or suffering from a life-threatening illness. SIC will also pay out one single tax-free lump sum upon diagnosis, while IP will continue to pay out month-on-month for a pre-agreed term or until you are able to return to work.
References
[1] ons.gov.uk