How much income protection can I get?

Most insurers will replace up to around 60% of your gross income (it is tax-free, so this often lands close to your normal take-home pay). Higher earners may find the percentage tapers, so cover should be structured carefully.

What deferred period should I choose?

Match it to how long you could manage without the income, your employer sick pay plus your savings. A longer deferred period reduces the premium. The self-employed, with no sick pay, often choose a shorter one so cover starts sooner.

Is the suggested benefit a quote?

No. It estimates the monthly benefit you may want, not the premium. Cost depends on your age, occupation, health, the deferred period and whether you choose own-occupation cover. A separate, FCA-regulated adviser can quote accurately.

How much income protection can I get?

Most insurers will replace up to around 60% of your gross income (it is tax-free, so this often lands close to your normal take-home pay). Higher earners may find the percentage tapers, so cover should be structured carefully.

What deferred period should I choose?

Match it to how long you could manage without the income, your employer sick pay plus your savings. A longer deferred period reduces the premium. The self-employed, with no sick pay, often choose a shorter one so cover starts sooner.

Is the suggested benefit a quote?

No. It estimates the monthly benefit you may want, not the premium. Cost depends on your age, occupation, health, the deferred period and whether you choose own-occupation cover. A separate, FCA-regulated adviser can quote accurately.

Income protection calculator

How much income protection do I need?

Income protection replaces part of your earnings if illness or injury stops you working. Enter your income, essential outgoings, any employer sick pay and your savings to estimate a suitable monthly benefit and deferred period.

Your gross annual income

Essential monthly outgoings

Mortgage/rent, bills, food; the costs that must be met each month.Employer sick pay

months

How long your employer would pay your full salary. Enter 0 if self-employed.Savings buffer

months

How many months of outgoings you hold in savings.

Suggested monthly benefit

£0/mo

Insurable maximum (~60% of income)£0/mo

Suggested monthly benefit£0/mo

Suggested deferred period4 weeks

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Illustrative estimate only. This is a guide based on the figures you enter, not financial advice, a recommendation, or a quote. Insurer caps and definitions vary. A separate, FCA-regulated adviser provides all advice and an accurate quote. Cover Your Family is not FCA regulated.

How this income protection calculator works

Insurers typically replace up to around 60% of your gross income, so we cap the suggested benefit at that level and compare it to your essential monthly outgoings. The deferred period, how long you wait before payments begin, is suggested from how long your employer sick pay and savings could keep you going. A longer wait lowers the premium.

The self-employed have no sick pay to fall back on, so usually need a shorter deferred period. For the detail, read our complete guide to income protection or see income protection advice.

FAQ

Common questions

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