Income protection - clearkey.co.uk
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Protect your salary if you're unable to work due to accident or sickness

Number of people off work because of long-term sickness has risen to over 2.5 million people*

£6.85bn paid out in protection claims in 2022 due to bereavement, illness and injury*

Number of individual income protection claims increased by 9%*

Get in touch today to speak to an advisor and receive your personalised quote

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What most attracts you to income protection insurance?
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How does it work
Income Protection
What is income protection?
Income protection in the UK is an insurance that offers financial support if you're unable to work due to illness, injury, or disability. After selecting a policy and paying regular premiums, you can make a claim when you're unable to work. The insurance company assesses your claim with medical evidence and, after a waiting period, starts providing regular benefit payments, usually around 50-70% of your lost income. Payments continue as per the policy terms, which could be until you return to work, reach a certain retirement age, or the policy term concludes. The benefit payments are tax-free and designed to help maintain your financial stability during difficult times.

Before purchasing a policy, it's crucial to understand the policy's coverage, exclusions, waiting periods, and premium costs. Consulting a financial advisor can assist you in making the right decision based on your specific circumstances, ensuring that the income protection insurance meets your needs and provides essential support if the unexpected occurs.

Self employed… is it worth it?
Income protection insurance is particularly important for self-employed individuals because they don't have the safety net of employer-sponsored benefits like sick leave or disability coverage. If you're self-employed and unable to work due to illness, injury, or disability, your income could come to a sudden halt, potentially jeopardizing both your personal finances and your business. Income protection insurance provides a vital financial lifeline by offering a regular income stream, allowing self-employed individuals to cover living expenses, business costs, and any ongoing financial commitments while they're unable to work. This insurance ensures that your business and personal finances remain stable, even during periods of unexpected health-related disruptions, enabling you to focus on recovery without compromising your financial well-being or the continuity of your entrepreneurial pursuits.

How we work

01
Complete our simple online form honestly.
Complete our simple online form honestly.

Be ready for a call right after completing. During normal working hours, our partners will get back to you within 15 minutes. If you submit outside of normal working hours, you will be called back the following day.

02
Talk to our recommended UK-based advisor.
Talk to our recommended UK-based advisor.

Our partner’s expert advisor will discuss your needs, talk you through your policy and answer any questions you might have to create your quote.

03
Select your policy tailored to your specific needs and wishes.
Select your policy tailored to your specific needs and wishes.

Choose from a shortlist of options prepared exclusively for you.

Product key benefits

Financial Security

Income protection provides a reliable source of income if you're unable to work due to illness, injury, or disability. This ensures you can maintain your lifestyle, cover essential expenses, and meet financial obligations, reducing the stress of sudden income loss.

Business Continuity

For self-employed individuals and business owners, income protection helps maintain business operations by covering ongoing expenses and commitments even when you're unable to work. This prevents disruptions to your business and helps ensure its sustainability.

Long-Term Stability

Income protection offers a long-term solution, providing income until you're able to return to work, reach retirement age, or the policy term concludes. This stability safeguards your financial future and allows you to focus on recovery without draining savings or relying solely on government benefits.


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Guide

How We Work With The IFA

ClearKey sits between you and the expert in the financial area you need help with. We don’t offer advice ourselves, instead we connect you with the best provider and receive a commission based on the introduction we make. We specialise in making the process of receiving professional advice and custom quotes as easy as possible.We specialise in making the process of receiving professional advice and custom quotes as easy as possible.


Number of people off work because of long-term sickness has risen to over 2.5 million people* - https://www.abi.org.uk/news/news-articles/2023/5/protection-insurers-pay-out-6.85-billion-to-support-individuals-and-families/

£6.85bn paid out in protection claims in 2022 due to bereavement, illness and injury* - https://www.abi.org.uk/news/news-articles/2023/5/protection-insurers-pay-out-6.85-billion-to-support-individuals-and-families/

Number of individual income protection claims increased by 9%* - https://www.abi.org.uk/news/news-articles/2023/5/protection-insurers-pay-out-6.85-billion-to-support-individuals-and-families/

 



Because we play by the book we want to tell you that...


1. We understand equity release isn’t for everyone, and we’ll never say it’s the right option for you, that’s why we pass you onto an Expert.


2. A lifetime mortgage is a loan secured against your property. With a lifetime mortgage there are typically no monthly repayments to make as the loan, plus roll up interest, is repaid when the plan comes to an end. Usually, that’s when you, or the last remaining applicant, either passes away or moves into long-term care.


3. With a lifetime mortgage you’ll still retain full ownership of your home.


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


5. Mortgage Advice Bureau Later Life offer lifetime mortgage products from a carefully selected panel of providers.


6. Unless you decide to go ahead, Mortgage Advice Bureau Later Life’s service is completely free of charge as their fixed advice fee of £1,295 would only be payable in completion of a plan.


7. ClearKey is an independent marketing website which only acts as an introducer to companies who offer advice on various financial plans, products and services.


8. Our partners are authorised and regulated by the Financial Conduct Authority.


9. ClearKey.co.uk are not authorised to give any advice and we are not liable for any financial advice provided by or obtained through a third party.


10. Life insurance products attract terms and conditions. Price information contained within this website are for illustration purposes only. You will receive a full policy document upon application which will set out the terms, conditions and limitations of cover provided under the plan.


11. Your home may be at risk if you do not keep up repayments. Think carefully about securing debt against your home. When consolidating existing borrowing be aware that extending the term could increase the amount repaid.