Speak to an Advisor 7 days, 8am - 10pm
Speak to an Advisor 7 days, 8am - 10pm
Income protection insurance in Leicester is designed to provide you with a regular income if you’re unable to work due to illness or injury.
Instead of a one-off payout, this type of insurance ensures you receive a percentage of your earnings each month until you’re able to return to work or reach the end of your policy term.
It offers peace of mind that your financial commitments, such as mortgage payments and household bills, can still be met if your income is disrupted.
If you are signed off work due to a medical condition, your income protection insurance in Leicester will step in after a set waiting period, paying out a portion of your salary. This continues until you’re well enough to return to work or until your policy ends.
Cover can be tailored to suit your needs, with different deferral periods and payout lengths depending on the level of protection you require.
Income protection is not a legal requirement, but it can be an important safety net if losing your earnings would put you under financial strain.
Policies vary widely in terms of coverage, exclusions, and payout durations, so getting the right cover is key.
Speaking with a mortgage broker in Leicester can help you find a policy that suits your circumstances and ensures you’re properly protected.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.
Income protection insurance in Leicester provides financial support if you’re unable to work due to illness or injury.
It replaces a percentage of your income, helping you cover essential expenses like mortgage payments, bills, and daily living costs while you recover.
The level of cover depends on the policy you choose and the insurer’s terms.
Most income protection insurance in Leicester policies pay out between 50% and 70% of your usual earnings.
This ensures you have enough to cover essential expenses while incentivising a return to work when you’re fit to do so
The exact percentage varies depending on the insurer and the policy terms.
Policies can be tailored to suit your needs. Some pay out for a set period, such as one, two, or five years, while others continue until you return to work, retire, or reach the end of your policy term.
A mortgage broker in Leicester like us can help you choose the right cover based on your financial situation.
Most policies include a waiting period, known as a deferral period, which is the length of time you need to be off work before payments begin.
This can range from a few weeks to several months. Choosing a longer waiting period can lower your premiums, but it’s important to ensure you have savings or other support in place to cover this gap.
Yes, income protection insurance in Leicester is available to self employed workers.
In fact, it can be particularly valuable if you don’t receive sick pay from an employer.
Your policy will replace a portion of your usual earnings, helping you maintain financial stability while you recover.
No, these are two different types of cover. Critical illness cover provides a one-off lump sum if you’re diagnosed with a serious medical condition listed in your policy.
Income protection insurance, on the other hand, offers regular payments if you’re unable to work due to illness or injury, regardless of the condition.
Some people choose to have both for more comprehensive financial security.
Applying for income protection insurance in Leicester involves choosing the right level of cover, deferral period, and policy length.
You’ll also need to provide information about your health, job, and lifestyle.
Our mortgage advisors in Leicester can help you compare options and find the most suitable policy for your needs.
Our Customers Love Us
5.00 Rating32 Reviews
Anonymous
Very professional. Kept me informed every step of the way. Explained the mortgage application process fully. Found me another lender immediately, after my first application got rejected.
2 months ago
Anonymous
I found Moneyman to be very professional and easy to work with. They explained everything clearly, kept me informed throughout the process, and were always easy to contact. I especially appreciated the personal touch of having a video call, which...
6 months ago
Anonymous
Great and knowledgeable advisor, Leo has been helping every step of the way and was able to answer lots of questions and provide lots of advise. Highly recommend using Leicestermoneyman
6 months ago
Emma
Beyond happy with our experience with moneyman. Quick responses, helpful and friendly. Definitely went above and beyond our expectations. Wouldn’t trust anyone else. Thank-you!
7 months ago
Neil
Highly recommend Leo Shakespeare! Leo has been very helpful, approachable and informative - we will be recommending him to others who are buying a home.
7 months ago
Elizabeth
I approached moneyman with an urgent problem of remortgaging my property within a deadline of 2 months or I loose my property .I was professionally welcomed by Paula and her 2 other colleagues who gave me advice and options of what I can do ....
10 months ago
Simon
Brilliant service thank you for all your help
1 year ago
Dawid
Excellent
1 year ago
Grant
Very fast friendy service, any questions were answered throughly and quickly and the whole service from start to finish was smooth and stress free.
1 year ago
Lucy
Excellent service from start to finish! Chris kept us fully informed and answered all of our questions throughout. He took the pressure off us and was professional throughout! Highly recommend!!
1 year ago
Rebekah
Jo and Chris were extremely helpful. Got everything done so quickly!
1 year ago
Joanne
It was smooth, took all the stress of reseaching the best mortgage. Easy access to appointments. TOM was great and understanding
2 years ago
Bhaven
Very very good thank you
2 years ago
Zubair
Charlie was very easy to talk too and made things easy and simple to understand and explained our options in detail which really helped us through the process as first time buyers.
2 years ago
James
Jason and his colleagues at UK Moneyman have been amazing from the start. When we began the process of house buying and finding a mortgage we knew very little, but Jason explained much to us in a telephone consultation and outlined all our options....
2 weeks ago
Samantha
Very impressed, service was really good and efficient and anything g that needed explaining was done very clear. Would definitely recommend
2 weeks ago
Shelline
Leo Shakespeare and Stacey Jopling has work long side each other to made this entire journey extremely smooth and informative as a first time buyer. His service has been phenomenal. I had been rejected from many other brokers and banks and he...
3 months ago
Nafesa
I have been dealing with Wendy and Malcolm in regards to my house purchase and I could not recommend these enough. A true credit to the company. Very efficient with communication and solving any issues that needed to be addressed. Would highly...
5 months ago
Anonymous
Incredibly helpful, supported throughout whole process
5 months ago
Nazeef
Fantastic experience. Charlie helped me race through to secure the most suitable mortgage offer, best plan for life and critical illness insurance. Very approachable and responsive even with any queries I had after everything was completed.
6 months ago
Speak with a mortgage broker in Leicester like us to explore your options and find the right income protection insurance in Leicester for your needs.
We’ll search a range of insurers to find a policy that provides the best level of cover at a price that suits your budget.
Once you’ve chosen a policy, we’ll guide you through the application process to ensure everything is set up correctly.
With your policy active, you’ll have financial security in place if you’re ever unable to work due to illness or injury.
With over two decades of industry experience, we’ve helped many individuals find the right income protection insurance in Leicester.
Our knowledge ensures you get a policy that suits your needs.
We work with multiple insurers, offering a variety of cover options to match different job types, incomes, and lifestyles.
Whatever your situation, we’ll find a policy that works for you.
From your first enquiry to getting your policy set up, we handle everything for you.
We make the process straightforward, ensuring you understand your cover and feel confident in your protection.
We’re available every day to provide insurance advice in Leicester, working around your schedule.
Whether you need an evening chat or weekend support, we’re here when you need us.
Income protection policies can be tailored to provide short-term or long-term financial support.
Short-term policies typically pay out for a set period, such as one or two years, while long-term cover continues until you’re able to return to work, retire, or reach the policy’s end.
If you’re self employed, you won’t receive sick pay from an employer, making income protection insurance in Leicester even more valuable.
Policies can be designed to replace a portion of your usual income, helping you cover bills and expenses while you recover.
Your policy will have a waiting period, known as a deferral period, which is the time before payments begin.
You can choose a shorter or longer deferral period depending on your financial situation, with longer deferrals often leading to lower premiums.
The payments you receive from your income protection insurance in Leicester are typically tax-free, giving you financial support without deductions.
This money can be used however you need, whether that’s covering your mortgage, rent, or everyday expenses.
Some policies offer a fixed monthly payout amount, while others provide increasing cover that rises over time to keep up with inflation.
Choosing the right option ensures your payments retain their value in the future.
Every policy is different, with options to include additional benefits such as redundancy cover, specialist occupation cover, or added critical illness protection.
Comparing policies ensures you get the right level of protection for your personal circumstances.
Read our 32 Reviews
Leicestermoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Leicestermoneyman 2025.
Contact
Follow Us
Leicestermoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Leicestermoneyman 2025.
Speak to an Advisor
7 Days a Week, 8am – 10pm
