Drewberry™ provide pensions, investment and insurance advice for Money to the Masses readers throughout the UK.


Types of Salary Insurance

Many employers no longer offer additional sick pay benefits and there are an increasing number of us going self-employed, which means that we face a higher risk of substantial financial loss if we are unable to work. 1 in 10 people have been unable to work due to illness or injury for over 6 months(Guardian / Unum Survey 2011).

And according to the LV risk calculator, the chances of a 35 year old taking at least 2 months off work due to accident or sickness before the age of 65 is 45% for woman and 30% for men.

Salary protection insurance pays out if you are unable to work due to accident or sickness and sometimes unemployment, which means you wouldn’t need to rely on statutory sick pay or unemployment benefits.

We have provided a short guide on the types of salary protection insurance. If you prefer the human touch, you can also talk through the options with one of our independent insurance experts on 0208 432 7333.

Compare Top 10 UK
Takes approx. 60 seconds
Type of Policy
Income Required
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

Are You Ready to Get Protected?

Whatever you decide, we can talk you through the options to make sure you find a policy that suits your budget and circumstances. Give us a call on 0208 432 7333 or get started with an online quote today.


Your Salary Protection Options


Long term income protection insurance

Your most comprehensive option…

Formerly known as permanent health insurance, a long term insurance policy pays out if you are unable to work due to accident or sickness. The length of the payout period can be set up to retirement age, covering you for that entire period.

The payments are tax free and cover up to 70% of your earnings. The plans pay out after an agreed period of time known as the deferred period. This can range from one day to one year. The average length of an income protection claim with LV in 2012 was 7 years, which shows that it is worth considering a long term income protection plan.

Premiums can be guaranteed with this type of insurance so that you know in advance what you will be paying each year.



Short term income protection insurance

The budget option…

Structured the same as a long term policy a short term income protection plan may be better suited for those on a budget where long term cover maybe unaffordable.
It can offer the same comprehensive sickness cover protecting you in your ‘own occupation’ however should a claim arise the the policy would only pay a claim for a maximum of two consecutive years.

Of course, a shorter term plan poses the risk that you will not be covered should you be unable to return to work after the payout period. However, some cover is better than no cover and this is a viable option for anyone with a limited budget.



Accident Sickness and Unemployment Cover

The alternative…

It is important to note accident, sickness and unemployment (ASU) policies are different to traditional long term income protection policies, they are short term policies paying a claim for a maximum of 12 or 24 months.

The most important consideration when choosing your salary protection is the occupation definition the insurer uses to assess a claim.

Most long term policies will cover you in your ‘Own Occupation’ paying a claim should you be unable to do your current job role. However many ASU policies will only cover you in a ‘Suited Occupation’, only paying a claim if you are unable to do your own job role or another you maybe suited to based on your experience and education.

This is why it is vital you speak to an expert or at least read all the fine print when it comes to making a decision on how best to protect your salary.

If you are a part time worker, self employed or on a temporary contract then the unemployment cover might not cover you so it would be wise to speak to an independent adviser first.


Unemployment Cover

Unemployment insurance is a short term benefit which pays out if you have been made redundant or in some cases dismissed. Most insurers will allow you to cover up to 65% of your earnings or £2,500 per month (which ever amount is less). Plans can pay out for a maximum of 12 or 24 months.

We would only recommend unemployment cover for those that are employed however it can be difficult for self employed people to claim on this type of policy.



Need Advice?

From simply finding out whether an insurers premiums are guaranteed or wanting to know the claims statistics for a particular insurer, please do not hesitate to pop us a call on 02084327333.

Compare Top 10 UK Insurers
  Takes approx. 60 seconds
Need help? 
Call us on 
4.92 / 5 Average
1916 Reviews
Verified Buyer
Overall Rating
The whole process was a pleasure. Drewberry we're easy to deal with, polite, knowledgeable and helpful
Verified Buyer
Overall Rating
Very good, clear service would recommend to friends and family
Overall Rating
Sam Carr provided an efficient and professional service.
Verified Buyer
Overall Rating
Sam Carr provided a professional but enthusiastic service and helped make the whole process very straight forward. Goodness knows I have been through enough application forms recently. My insurance product was never going to be easy to find and I had been rejected on a number of other occasions through others ironically due to well managed common health conditions. I identified Drewberry in a last and disappointing trawl on th web to find someone that actually wanted to take on a difficult case like me. Some brokers wouldn't even consider me. When we applied for my first choice product Sam wasn't at all deterred by the long wait for my GP report or the final rejection that came back from the insurer, sadly I have become used to it. Within a day he had lined up the second choice and to my surprise he had hit the nail on the head and introduced me to the correct insurer and terms for my needs whilst nogotiating an excellent premium. I am extremely satisfied with what Sam has achieved for me and I would have no hesitation in recommending either him or Drewberry to friends, family and and business contacts. In the future, Drewberry will be my first point of contact. Many thanks!
Overall Rating
Tailored to my need and the staff gave very good service