Call us today: 01722 322683

  • Impartial

    We compare quotes from across the protection market

  • Expert

    We understand what level of insurance you need

  • Personal

    We will act with care and integrity and break down jargon

Do I need Income Protection Insurance?

When we arrange your Mortgage, we will always talk to you about Protection Insurance. And one of the questions we often get asked is, do I really need protection insurance? We especially often get asked, do I need income protection insurance? In this guide, we look at who it is for and whether you need to consider it.

Contact us

What is Income Protection Insurance?

Income protection is designed to pay you a regular income if you were to suffer a long-term illness or suffer an injury and be unable to work.

If you need to claim, an Income Protection policy usually pays out between 50-70% of your income. These tax-free payments are usually made until you recover and return to work or until your policy term runs out.

It can be purchased as a standalone Income Protection policy. Or some people choose to combine it with their Critical Illness Cover.

Contact us

Do I need Income Protection?

We often ask our clients, if you were to become unwell or injured, would you financially be able to support you or your family? Would you have enough benefits from your current employment to be be able to pay financial commitments such as your mortgage?

Indeed, according to latest research from The Exeter, fear of missing mortgage or rental payments was the fastest rising concern in 2023*. With over half of the workers questioned, stating they were concerned about making future payments.

Despite this, in 2023, just 11% of women hold or are currently applying for an income protection policy compared to the 16% of men who are doing so.

If you’re not sure whether you would be able to cope financially if you were unable to work, then it’s worth considering Income Protection.

Contact us

How would Your Mortgage Expert help?

We have helped lots of individuals decide whether they need Income Protection Insurance. We will do the following:

  • Go through the benefits you currently receive through your employment
  • Look at your savings and other income you receive in the household
  • Look at your current outgoings to assess exactly how much your household would need to cover each month as a minimum
  • Review your budget to understand how much you can afford to pay each month on insurances
  • Help you understand whether Income Protection is the sensible choice for you

We will also look at other protection insurances and whether it would be suitable for you to combine this insurance with others such as Life Insurance Cover.

As an impartial broker, we can advise from a range of providers to ensure you select the level of cover suitable for you.

As an impartial broker, we can advise from a range of providers to ensure you select the level of cover suitable for you.

If you would like to speak to use to help understand if you need any form of protection, we would love to help. We are based in Salisbury but we can help no matter where you live in the UK.

Contact us     Get a Quote

Our handy mortgage calculator

Our mortgage calculator can help you get a better idea of how much you can afford to borrow, and how much your mortgage will cost you in monthly repayments.

  • “This was knight in shining armour stuff. Our conscientious mortgage broker was a delight to deal with from the off and the key to our dream home.”

    Max and Martha, First Time Buyer customers from Cardiff

  • “Being in the Armed Forces I am away a lot, meaning it can be hard to attend meetings, answer emails and especially hard to fill in forms. Adam and his team were extremely helpful and understanding of our situation and provided help wherever they could. After our initial meeting where we provided our required details, we actually did very little of the hard work, apart from signing a couple of papers.”

    Callum and Verena, First Time Buyer Armed Forces Mortgage Customer from Salisbury

  • “I expect my circumstances were fairly rare, but the help and guidance I received from you was invaluable. I feel that the personal touch you provide offers something that appeals to the soldier in me.  During my service I always liked to have a point of contact, someone who was the “go to” specialist in their field.  This provides a degree of assurance about a situation and it was refreshing to find that same degree of certainty transitioning to civilian life, particularly with something as important as a mortgage and buying our family home.”

    Andrew and Helen, Armed Forces Mortgage Customers from Salisbury

  • “Even though we were used to having a mortgage on the rental property, paying a mortgage on your own home was still a bit of a shock after years of having married quarter rental deducted from your pay at source. But, at every step along the way, we felt reassured, understood and that we really mattered to Adam. Trust is an important concept for military families and we trusted Adam.”

    Fiona and Graham, Armed Forces Mortgage Customers from Wilton

  • “As a contractor, it was difficult for me to obtain a mortgage through normal channels so it was great to find a mortgage adviser that specialised in contractor remortgages and understood the challenges. In addition, I had fairly tight timescales, so wanted someone who could make the process quick and hassle free.”

    Andrea, Contractor Mortgage Customer from Warminster

  • “I am a contractor, therefore require specialist mortgage advice. Adam has now concluded two mortgages for us (new mortgage then a contractor remortgage), and is currently arranging a buy-to-let mortgage for us. He also arranged our life insurance for us. We keep returning to him for some great reasons – he is always available, and ready to help. He provides great advice, and always ensures that he meets our requirements exactly. He is prepared to explain things in such a way that even a lummox like me can understand, and his level of service has remained consistently good over the last three years.”

    Matt, Contractor Mortgage Customer from Southampton

  • “Adam’s advice on the different types of critical illness and life insurance were really useful. He also worked with us to decide the best combination of policies that would work with our existing policies to cover our needs. When doing this he happily tweaked quotes for us until we came out with an arrangement that was both affordable and would provide us with the level of cover we thought appropriate.”

    Hannah and Steve, Protection Insurance Customers from Stamford

  • “Adam provided us with factual advice and also with options of which we were unaware. The advice on gifted equity was something we hadn’t heard about and this assisted us hugely to ensure repayments worked within our affordability. He provided us with a very personal service that made the journey from initial call, to mortgage offer and completion hassle free. We have already recommended Adam to someone and will continue to recommend his services in the future.”

    Saul and Laura, Home Mover Mortgage Customers from Salisbury

  • “Mike and I collected the keys to our flat this weekend and we couldn’t be happier. It’s been a long time coming but we got there! We just wanted to say a MASSIVE thank you for everything you have done for us so far. We’ve really appreciated all the help, advice and reassurance you’ve given us all the way through this process. It’s really nice to have a friendly voice on the other end of the phone.”

    Mike and Bethan, First Time Buyer Mortgage Customers from London

  • “Without question Adam found me a deal the estate agent’s broker couldn’t. He was very easy to contact whenever I needed him and he took time to explain the ins and outs of the Help to Buy equity loan scheme mortgage that he found me. I would rate him five out of five and will be back to use him when the time comes to remortgage or move.”

    Chris, Help to Buy Mortgage Customer from Southampton

Contact us

"*" indicates required fields

Monday to Friday: 9am – 5.00pm, Saturday and Sunday: Closed

We will use your name, email address and contact number (‘personal information’) to contact you about the services you have requested or respond to an enquiry you have submitted, which will require us to share your personal information with financial institutions who can assist in the provision of financial services to you including product providers, lenders, banks, insurers, fund managers, platform providers and third party para-planners. For further information on how your information is used, including disclosure to third parties, how we maintain security of your information and your rights in relation to the information we hold about you, please see our Privacy Policy:

Your Mortgage Expert is a trading name of Your Mortgage Expert Limited which is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority.

Registered Office Address: 18 New Canal, Salisbury, England, SP1 2AQ. Registered in England Number: 08924507.

Sorry to see you go

Please note, by clicking on the link you will be departing from the regulated site of Your Mortgage Expert Ltd. Neither Your Mortgage Expert Ltd nor Mortgage Advice Bureau are responsible for the accuracy of the information contained within the non-regulated site.