Protect Your Income. Secure Your Future.
Income Protection Insurance ensures you can keep up with life’s expenses even if illness or injury keeps you from work.
What is Income Protection Insurance?
Income Protection Insurance is a safety net for you and your family. If you’re unable to work due to illness, injury, or disability, this policy provides regular income payments to help you cover essential expenses, such as:
Mortgage or rent payments
Household bills
Everyday living costs
At Ellmira Financial, we understand that life is unpredictable. That’s why we work with trusted insurance providers to find tailored solutions that ensure you’re financially protected — no matter what happens.
Why is Income Protection Important?
Every year, over a million people in the UK find themselves unable to work due to illness or injury. Without a regular income, maintaining your lifestyle and meeting your financial obligations can become overwhelming.
Income Protection Insurance:
Replaces up to 70% of your income if you’re unable to work.
Offers peace of mind for you and your family.
Covers long-term illnesses and injuries, unlike short-term sick pay.
Could you cover your monthly expenses if you couldn’t work for 6 months or more? If not, it’s time to consider Income Protection.
How Does Income Protection Insurance Help You?
Income Protection works by providing you with a regular income to replace lost earnings. Here’s how it works step by step:
You Set Your Cover:
Decide how much of your income you’d like to protect. Typically, policies cover between 50%-70% of your gross income.
Choose a Deferral Period:
The waiting period before payments start (e.g., 4 weeks, 8 weeks, 12 weeks). The longer the deferral, the lower the premium.
Get Regular Payments:
If you’re unable to work, you’ll receive regular payments until you can return to work or the policy term ends.
Income Protection is flexible and tailored to your needs, ensuring you get the right cover at the right price.
What Are the Benefits of Income Protection?
Financial Security:
Replace lost income and meet your financial commitments.
Flexible Cover:
Tailored policies to fit your income, lifestyle, and needs.
Support When You Need It:
Covers long-term illness, injury, and recovery periods.
Peace of Mind:
Protect yourself and your loved ones from unexpected income loss.
Tax-Free Payments:
Income received through the policy is typically tax-free.
Let Ellmira Financial find you the best income protection policy so you can focus on recovery, not bills.
Is Income Protection Right for You?
Income Protection is ideal for:
Salaried Employees:
Replace lost wages if sick pay runs out.
Self-Employed Individuals:
No employer sick pay? Income Protection keeps your finances on track.
Homeowners and Renters:
Ensure mortgage or rent payments are covered.
Parents and Families:
Protect your family’s lifestyle and financial security.
If you rely on your income to maintain your household, Income Protection is a wise decision.
Frequently Asked Questions
How much does Income Protection cost?
The cost depends on your age, health, cover amount, and deferral period. We’ll help you find an affordable policy that fits your needs.
How long will payments last?
Payments continue until you return to work, retire, or reach the end of your policy term — whichever comes first.
Can I get Income Protection if I’m self-employed?
Absolutely. Self-employed individuals benefit greatly from this cover as they don’t receive employer sick pay.
What’s the difference between Income Protection and Critical Illness Cover?
Income Protection pays regular income if you’re unable to work, while Critical Illness Cover provides a one-off payment if diagnosed with a specific illness.
Secure Your Income and Peace of Mind Today
Don’t let illness or injury impact your financial future. With Income Protection Insurance, you’ll have the support you need to focus on recovery without worrying about bills.
At Ellmira Financial, we’ll find the right policy for you — ensuring you and your family are protected.