Can I add unemployment cover to income protection?

I am looking for income protection insurance but I’ve noticed that these policies only cover accident and sickness, is it possible to include unemployment insurance as well?

Question asked by Shahram Shirazi
Compare Top 10 UK
 Protection
Insurers
 
Takes approx. 60 seconds
Type of Policy
Income Required
per
month
Date of Birth
Loading your options...
Thank you for using our Quote Tool
If you need some help, just call us!
T: 02084327333
Our in-house Experts are here to provide FREE impartial advice!
Our Experts can answer all your questions
Our Experts can send you more appropriate options based on your personal circumstances

Very important if you are either Self-Employed or a Company Director.

Our online quote tool is good but our Experts are better

Oue Experts have access to far more insurers and can often find a better deal offline.

Saves you time, let our Experts do what they are best at

Answered by Tom Conner

When looking for a policy that covers accident, sickness and unemployment it is important to be careful as most of these plans will be payment protection (PPI).

Avoiding payment protection

Income protection (formally permanent health insurance) is a very traditional policy that typically only covers the risk of illness or injury. It is a very solid policy where it is possible to gain ‘own occupation’ protection (where you are actually covered in your current job), which is often not the case with payment protection insurance (many plans use a ‘suited occupation’ incapacity definition).

For more information please navigate to: Income Protection vs PPI

Adding unemployment cover

If you would also like protection against the risk of redundancy you have two main options:

Option one – You could take out a traditional income protection policy and then a separate payment protection plan just covering unemployment. Although you would have two plans it would allow you to get the best income protection plan for you whilst still obtaining redundancy insurance.

Option two – There are a very limited number of income protection policies that combine illness and injury cover with unemployment protection. For example, LV’s Mortgage & Lifestyle Protection plan is the only plan available in the market currently that allows you to gain guaranteed / fixed premiums for redundancy cover (please contact us for a quote).

income protection
 
unemployment
 
payment protection
 
This information does not constitute financial or other professional advice. You should consult your professional adviser or contact us directly on 02084327333 should you require financial advice. It is important to ensure any insurance policy you take out is suitable for your needs.
Compare Top 10 UK Insurers
  Takes approx. 60 seconds
 - 
Need help? 
Call us on 

Frequently Asked Income Protection Insurance Questions

 
I’m a 35 year old male with diabetes and i’m looking to take out Income Protection to cover...
 
I work on a zero hour contract, is there any unemployment/sick cover i can get (like self employed...
 
I can see that some plans seem to base the amount of income protection cover on earnings, often as a...
 
I am currently looking for a good income insurance policy and would like some suggestions for the best...
Need Help? Live chat now and get an instant answer from our Experts...

Neil
Pensions

Victoria
Insurance
Our Latest Reviews
Jayant Rampuria
06/10/2018

Oliver did an excellent job in making the right recommendations. He's been very patient in dealing with my request and helping me choose the right product. Well done and thanks very much!

James Mclauchlan
05/10/2018

Josh did a great job. Did all the legwork for me in getting the best quote and even handed it over to someone else whilst he was away, then finished the whole thing once he was back – impressed!

Raviteja Sajja
02/10/2018

Josh was very good at communicating about different options for Life insurance, advising us on right choice and benefits. I would strongly recommend Drewberry. Thank you Josh.

We are rated 4.9/5 based on 1742 independent client reviews.
To read more of our independent client reviews click here →
REVIEWS
EXCELLENT
4.92 / 5 Average
1828 Reviews
A Lovell
Overall Rating
Extremely helpful and able to understand the various issues and constraint
D at Inforcehub
Overall Rating
Very knowledgeable and easy to deal with.
A Kanwal
Overall Rating
Bronja Whitlock was absolutely brilliant, as my mind isn’t in the right place at the moment due to the loss of my partner and I forgot who my insurers were or if I was covered. I therefore contacted her from an old email that I had from a few years just explaining my situation. I wasn’t expecting a response to be honest, but Bronja replied back the same day. She didn’t just reply with the most empathising response, but she also contacted the insurance company and told them of my situation and ordered my claim pack on my behalf, which I can’t appreciate enough. Bronja Whitlock you are an asset to your company. Thank you.
R Sajja
Overall Rating
Josh was very good at communicating about different options for Life insurance, advising us on right choice and benefits. I would strongly recommend Drewberry. Thank you Josh.
S G
Overall Rating
Rauri has been very professional and has responded promptly to any queries. Very friendly nature too