Protection

Income Protection Explained

Your income is the backbone of your financial stability, and if illness or injury stops you from working, it can put a lot of pressure on you and your family. Income protection insurance provides a safety net by replacing a portion of your earnings if you’re unable to work, helping you stay on top of your bills and maintain your lifestyle while you recover.

Income protection is designed to provide financial support if you’re unable to work due to illness or injury.

If your income stops, everyday commitments such as mortgage payments, bills and household costs don’t. Income protection can help replace a portion of your earnings, giving you breathing space to focus on recovery without immediate financial pressure.

I help clients understand how income protection works, including how much cover is appropriate, waiting periods and how long benefits can be paid for. Advice is tailored to your circumstances, so the cover fits your needs and budget.

The aim is clarity and peace of mind, knowing there’s a safety net in place if the unexpected happens.

1. What is Income Protection Insurance?

Income protection is designed to pay a regular income if you’re unable to work due to illness or injury. Payments usually continue until you return to work or the policy ends, depending on the terms.

2. Who is Income Protection designed for?

Income protection can be suitable for people who rely on their income to meet everyday expenses, including employees, contractors and self-employed individuals.

3. How does Income Protection work?

If you’re unable to work due to a covered condition, the policy can pay a percentage of your income after a chosen waiting period. The benefit is paid monthly and can help cover ongoing costs while you recover.

4. How much does Income Protection cost?

The cost varies depending on factors such as age, occupation, health, income level and policy features. Cover can often be tailored to balance affordability and protection.

5. What affects the price of Income Protection?

Pricing can be influenced by your occupation, medical history, lifestyle, benefit amount, waiting period and how long the policy would pay out for.

6. Can self-employed people get Income Protection?

Yes. Income protection is commonly used by self-employed individuals, as they may not have access to employer sick pay. Policies are assessed based on income and occupation.

Traditional Life Insurance

Life insurance ensures your loved ones are financially protected after your death. It provides a lump sum to cover debts, living expenses, and future financial needs. We offer a range of life insurance options to suit your requirements, helping you secure peace of mind for your family’s future.

Income Protection

Income protection insurance is crucial if you face unexpected illness or injury that prevents you from working. This cover provides a regular income to help you maintain your lifestyle and meet essential expenses during periods of disability. We can help you find the best policy tailored to your needs.

Critical Illness Cover

Critical illness cover provides a lump sum payment if you’re diagnosed with a serious illness, such as cancer or heart disease. This financial support can assist with medical costs and other expenses, offering peace of mind during challenging times. Explore your options with our expert guidance.

Over 50s Cover

Over 50s life insurance offers guaranteed acceptance and a lump sum payout without requiring a medical exam. Designed for individuals aged 50 and over, this policy helps cover final expenses and leaves a financial legacy. Let us guide you in choosing the right policy for your needs.

Whole of Life Insurance

Whole of life insurance provides lifelong coverage with a guaranteed payout upon death. Unlike term policies, it offers peace of mind with its assurance of a payout regardless of when you pass away. Explore our options to find the best whole of life policy to meet your long-term financial goals.

Building and Contents Insurance

Building and contents insurance covers both the structure of your home and your personal belongings. This combined policy protects against risks like fire, theft, and damage, ensuring comprehensive coverage for your property.

Business Protection

Running a successful property business or investment company involves more than securing properties and financing deals. It also requires protecting the business itself from unexpected events that could disrupt operations or impact financial stability. Business protection provides a safety net to ensure that if something happens to a key individual, the business can continue running and meet its financial commitments.

Learn More

Start With a Conversation

Every situation is different. A short conversation is often the easiest way to get clarity on what options are available and whether I’m the right person to help.

I work with property investors, limited company landlords and residential clients who want clear, straightforward advice before making a commitment.

There’s no pressure to proceed. Just an initial discussion to understand your plans and decide the best next step.

Your trusted partner for mortgages and protection, here to help you stay organised, secure, and confident in every financial decision. If you’d like to make your mortgage and protection journey simple and stress-free, just get in touch—I’m here to help.

Legal

Your home may be repossessed if you do not keep up repayments on your mortgage.

Mortgages and protection products are subject to eligibility and lender criteria.

Equity release may reduce the value of your estate and affect your entitlement to means-tested benefits.

Buy-to-let mortgages are not usually regulated by the Financial Conduct Authority.

MJS Finance is a trading style of Freedom Financial. Authorised and regulated by the Financial Conduct Authority.

We are authorised and regulated by the Financial Conduct Authority. FCA number: 920865.

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