Income Protection

No one likes to think that something bad will happen to them. But each year close to a million people find themselves unable to work due to a serious illness or injury. If you couldn’t work due to a serious illness, how would you manage? Could you survive on savings, or on sick pay from work? If not, you’ll need some other way to keep paying the bills – and you might want to consider income protection insurance.

The NHS provides you with maximum sick pay entitlement after five years’ service but, until you reach that point, entitlement is very limited and may not cover basic living expenses.

The NHS Doctors’ Sick Pay Initiative could provide you with a replacement income, starting as soon as your NHS full sick pay ends, whatever your length of service. The plan could also cover private earnings. Premiums are guaranteed so the cost will not increase unless you choose to increase your cover. Please remember this plan has no cash-in value.

Which would you rather lose: Your home or your mortgage payments?

If you are a private consultant then have you ever considered what would happen if you were unable to work due to illness or an accident? Not many people have, and that is why Income protection is one of the least known insurance policies.

Having an Income Protection policy would ensure that you would be able to keep up payments on your home and daily living expenses if you were incapacitated. Proactive Medical & Life Ltd have developed key relationships with major insurers to offer you the right policy that will help relieve the stress and worry if you are unable to work.

All pay-outs for income protection are tax free and usually continue until you recover or you reach your selected pension age or ceasing age of the policy. This can be anything up to three-quarters of your normal wage, less any state benefits you may be entitled to.

What is income protection insurance?

Income protection insurance is a long-term insurance policy to help you if you can’t work because you’re ill or injured.

  • It replaces part of your income if you can’t work because you become ill or disabled.
  • It pays out until you can start working again, or until you retire, die or the end of the policy term - whichever is sooner.
  • There’s a waiting period before the payments start. You generally set payments to start after your sick pay ends, or after any other insurance stops covering you. The longer you wait, the lower the monthly payments.
  • It covers most illnesses that leave you unable to work, either in the short or long term (depending on the type of policy and its definition of incapacity).
  • You can claim as many times as you need to, while the policy lasts.


Proactive Medical & Life Ltd is an Appointed Representative of Healthnet Services Limited, who are authorised and regulated by the Financial Conduct Authority. We are entered on the FCA register No 312313