Income protection insurance is there to financially support you through a long term sickness where you are unable to work.

If you think that State Benefits would be enough to see you through a long period of sickness consider this; It’s true that if your average earnings before deductions, such as tax and National Insurance are *£120 per week or more, you will be entitled to statutory sick pay at a rate of *£95.85 per week for up to 28 weeks paid by your employer. However once income tax and National Insurance has been deducted from the payments is it enough to meet your outgoing bills and expenses?

*Correct as of 9th November 2020