Home » Our Services » Insurance & Mortgages » Sickness & Income Replacement Insurance

Sickness & Income Replacement Insurance

No one likes to think that something bad will happen to them.  But 131 million days were lost due to sickness absences in the UK in 2013 (source: ONS).

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.

What is income protection insurance?

Income protection insurance (also known as Permanent Health Insurance) is a long-term insurance policy to help you if you can’t work because you’re ill or injured. It provides a monthly tax-free payment to replace 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
    In many cases this is based on your normal occupation, rather than the ability to do any work whatsoever.
  • You can claim as many times as you need to
    While the policy lasts. The insurer can’t stop paying you because you have claimed before.

It’s not the same as critical illness insurance, which pays out a one-off lump sum if you have a specific serious illness.

It’s not the same as short-term income protection, which also pays out a monthly sum related to your income, but only for a limited period of time (normally between two and five years) and can cover fewer illnesses or situations.

The cover options can be complicated, so get in touch and come and speak to us to help you get the right cover.


“As a serving Royal Marine a former work colleague introduced me to Apex CB Financial Planning Ltd a couple of years ago. Since the introduction I have used Apex CB …

+ Read More

“My wife and I have used Chris for a considerable number of years to provide financial expertise which has been extremely accurate, trustworthy and useful in our financial planning. I …

+ Read More

“Chris has consistently added value to the client relationship when I have introduced him. He has a good manner with the clients, reassuring the nervous and speaking on equal terms …

+ Read More

“I have been using Apex CB financial planning for a number of years now and have always been impressed with the service provided and the recommendations made. One specific example …

+ Read More

“It is always reassuring and comforting to receive comprehensive and professional advice regarding ones savings and investing plans for the future. These sentiments have been developed during my association with …

+ Read More

“I completed my service with the Royal Navy in 2009 and was in receipt of my end of services gratuity and pension. Chris was recommended as a financial adviser with …

+ Read More

“Chris Ryan has advised me over the years on various financial aspects, I have found his knowledge on investments, pensions and other financial matter to be very customer focused. His …

+ Read More

My wife and I have enjoyed the financial expertise of Chris Ryan for the last ten years. We have found Chris to be a thoroughly professional advisor who takes pride …

+ Read More