Skip to main content

Income Protection Insurance

Protect Your Income, Protect Your Lifestyle

What would happen if you were unable to work due to illness or injury? For many people, losing their income—even for a short period—can cause serious financial strain. That’s where Income Protection Insurance comes in.

Income protection is designed to replace a portion of your income if you’re unable to work due to accident or illness, helping you to keep on top of essential expenses like your mortgage, bills, and everyday living costs.

How Does Income Protection Work?

  • Monthly Benefit: You receive a regular monthly payout (usually up to 60–70% of your gross income) until you’re well enough to return to work, your policy ends, or you retire.
  • Flexible Cover: You can choose the length of the policy, the waiting period before payments begin (also known as a “deferred period”), and whether the benefit amount increases over time.
  • Covers a Wide Range of Conditions: Income protection doesn’t just cover serious illnesses—it applies to any medical condition that prevents you from working, including stress, musculoskeletal injuries, and mental health issues.

Unlike critical illness cover, which pays out a lump sum for specific conditions, income protection is ongoing and can provide long-term support.

Why Income Protection Matters

Many people rely heavily on their salary to meet monthly commitments like:

  • Mortgage or rent payments
  • Utility bills
  • Food and day-to-day expenses
  • Supporting children or dependants

With state support often limited, income protection can be a financial lifeline during difficult times—helping you maintain stability and focus on recovery.

We Work With Leading UK Providers

We work with a panel of trusted, market-leading insurers including:
Zurich, Aviva, LV, Royal London, Legal & General, Vitality, Guardian and more.

Each provider offers different features, benefits, and policy terms—so it’s important to get advice that’s right for your specific job, lifestyle, and financial commitments.

Tailored Cover That Works for You

At SMG Mortgages, we don’t believe in one-size-fits-all policies. Everyone’s situation is different, and we take the time to understand your needs so we can recommend the most suitable protection plan for you.

Whether you’re employed, self-employed, or running a business, we’ll help you find a package that works.

Get the Right Protection in Place

If you’d like peace of mind knowing your income is protected, get in touch for a no-obligation chat. We’ll help you compare your options and guide you through the process—no jargon, no pressure, just honest advice.