We don’t charge a fee for our service. When it comes to protecting things as important as your health and finances, we believe it shouldn’t cost the earth.
Instead, we work closely with our providers, and when we set up a policy with one of their products, they provide us with a finder’s fee.
As a result, we can offer our 5-star service with no fee attached, and you can focus on protecting what’s important to you.
You can take out a policy online through Drewberry. Simply select the ‘Apply Online’ option once you’ve completed a quote form.
If you want to speak to an adviser, select the ‘Call Me’ option. You’ll only speak to one person from start to finish with a direct email and phone number to reach them. There’s no need to worry about automated messages or explaining your situation every time you speak to us.
We’re completely independent and impartial, which means we can compare quotes from various providers. It also means we can negotiate better premiums than going to insurers directly.
We compare between leading Income Protection providers:
There are a couple of different types of standalone Income Protection, which you’ll sometimes find in one policy depending on your needs.
The level of Income Protection cover depends on the provider, but the upper limit is 70% of your gross annual salary.
A deferral period (sometimes called an excess period) is the amount of time you need to be out of work before you can claim on your Income Protection.
Income Protection deferral periods can be as short as three days (backdating to the first day you were unable to work) or up to a year long, depending on your policy and needs.
Your deferral period should match up with the sick pay (if any) you receive from your employer. Once your sick pay ends, your Income Protection will then kick in.
Shorter deferral periods make premiums more expensive.
The cost of an Income Protection policy can depend on a number of factors about you, including:
The details of your policy can also affect the price, such as:
You can still take out Income Protection if you have existing health conditions, but it can be more complicated. There are usually three options:
When setting up any insurance policy, including Income Protection, with existing medical conditions, you need to declare them to ensure your cover isn’t invalidated by something you didn’t mention.
There aren’t many standard exclusions for Income Protection, making it a valuable financial safety net.
The standard exclusions tend to be:
Exclusions can differ between providers, so always check the terms and conditions before taking out a policy.