Find out the cost of your sick pay insurance in 3 simple steps

Have you ever thought about protecting your income?

According to Legal and General, households are 4 times more likely to insure their pet than their income. We insure our homes, our pets, and our phones but why don’t we insure ourselves, the one person who pays for everything?

Calculate your costs here

We’ve made it easier than ever to calculate your costs.

To find out a rough estimate of how much your income protection policy could cost, all it takes is 30 seconds of your time. You can calculate your price in 3 simple steps. Get started now by clicking the button below.

What is income protection?

If you’re looking into life insurance, income protection should be at the top of your list. This type of policy can protect your income, if you couldn’t work due to illness or injury.

When you take out income protection, up to 60% of your income can be covered by this policy.

What would you do?

If you were to stop receiving your regular income, how would you afford to pay for everything else?

Income protection provides you with monthly bursts of cash, if you were unable to work due to illness or injury. This policy provides you with peace of mind that if you were unable to work, you would still receive a percentage of your income each month, ensuring you can keep your head above water during tough times.

Who needs income protection insurance the most?

Income protection is not a one size fits all policy, and will be tailored to suit your own income. 
There are so many reasons why income protection could be the perfect policy for you. But there are some people that could benefit from an income protection policy more than others, such as:

• Single parents - you’re the sole provider for your kids, so they’re financially dependent on you. If you were suddenly out of work, how would your family get by without your income?
• Those without much money saved up - if you were unable to work for a long period of time, your savings would only get you so far. Illness is unpredictable and income protection can help you be prepared for being off work for an ongoing length of time.
• Self-employed people - you don’t have the same benefits as those in traditional employment to begin with (think maternity leave, paid holidays, and sick pay). So an income protection policy could help evaluate some of the risks you may face by being diagnosed with a long term illness.
  
  

Is income protection taxable?

No, your income protection payments would be tax free!

The monthly bursts of cash you’d receive from your income protection policy will not be subject to income tax. Plus, the amount you’ll be covered for is based on your gross income (your pay before tax).

For example, if your gross monthly income was £1,400 a month, and you chose to cover 60% of your income, your income protection policy could pay out £840 a month, if you couldn’t work due to illness or injury.

How we can help

At Caspian, our priority is you.

We work with the UK’s leading life insurance providers, so we can compare different types of life insurance providers and policies, to find the perfect match for you.

When you choose Caspian, you’re also choosing continuous support from our award-winning customer care team, help with your trust forms, and ongoing support from our claims team.

Please don’t wait. Click the button below to get started with your free life insurance quote today!