How much of your income can you expect to receive with Income Protection Insurance?

Typically on average, you can expect to receive around 65% of your gross salary when taking out income insurance with This amount varies between insurance providers but independent insurers have dedicated much time and effort to designing policies to get the most beneficial solution for you when faced with job cuts or a complete loss of income. There is no point to taking out income protection unless you can receive a liveable wage, providing you with enough to cover important outgoings such as your mortgage payments, loans and other utility bills. Although if you are out of work for a long period of time you may miss out on the luxuries that you may have become accustomed to, but the premiums ensure that you keep up to date on the important bills and financial obligations.

Leave a Reply

You must be logged in to post a comment.