Income Insurance
2.8 million are off work due to long-term sickness. Make sure you're covered.
Income protection is an insurance policy that pays you a replacement income if illness or injury forces you to stop working. It means you never have to worry about how to pay your bills should the worst happen.
Partnership - Exclusive offer for CreditLadder users
CreditLadder and Eleos have come together with an exclusive offer to protect your earnings. After your first 3 months premiums have been paid on time, get a free £10 Amazon voucher.*
Protect your income from £5 a month**
Income protection is an insurance policy that pays you a replacement income if illness or injury forces you to stop working. It means you never have to worry about how to pay your bills should the worst happen.
What does it cover?
Any kind of physical or mental illness or injury that makes it impossible for you to work, such as chronic back pain and accidental injury or the mental turmoil that can follow a relationship breakdown or the loss of a loved one. If you’re signed off work by a medical professional you can make a claim.
What about sick pay?
If you’re employed you’re entitled to Statutory Sick Pay, which is currently £109.40 per week, rising in April 2024 to £116.75. That’s only a little over £500 a month, which is less than half of the national average rent price alone.
The words above are written for information purposes only and provide general guidance on income protection - it should not be taken as personalised advice.
*Premiums must be paid on time
**This is an illustration based on a 30-year-old who earns £30,000 a year and buys £370.00 monthly cover.