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Mother and Baby

Income Protection

Family Income Protection

From just 38p a day, a £750 a month mortgage could be covered.

When you're expecting a baby or have young children, financial responsibilities become more significant. If you’re now relying on just one income, what would life be like if you lost that too? Income or earnings insurance provides you with the peace of mind you need as it provides a replacement or supplement to your income if you are unable to work.

  • The average UK household could live without their usual income for just 18 days
  • The average UK household spend is £484 per week. Statutory Sick Pay is currently £86.70 a week
  • More than 50% of employees have suffered redundancy or long-term illness

Policies cover accidents, sickness and unemployment and provide monthly payments on either a short term basis (12 - 24 months) or long term (up until retirement).

The different types of policies are often confused. While the short and long term policies are designed to cover the same risks (that is to insure against accidents, sickness and unemployment which result in the reduction or halt of income) and both provide a monthly payment (known as benefit) of up to 65% or your gross income to the policyholder, the amount of time the benefit is paid for differs for each of the two policy types.

Long term financial protection is known as Permanent Health Insurance or PHI and pays benefits until a specified age of retirement. Short term financial protection is known as Accident, Sickness and Unemployment or ASU and provides benefit payments for a maximum of two years. Both policy types pay a monthly benefit which is exempt from tax. Both policies allow you to claim government benefits which you may be entitled to while seeking employment or if you are disabled due to an accident or illness.

Reasons to Purchase Income Protection

  1. To avoid losing your home
  2. Ensures your bills are covered
  3. Allows you to avoid losing both salaries
  4. Products available for homemakers
  5. Boosts Jobseeker’s Allowance of £73.10* per week.

*Figures correct as on 2 July 2015 according to

To get a quote, speak to one of our experts or find out more click here


 1. Can I still claim while on maternity/paternity leave? 

Yes. Providing you were in active employment or active self-employment prior to being on leave and the insurer offers continuous cover and your premiums are paid during your leave. Some insurers offer to suspend premium payments and cover during this period.

2. Can I start a policy while on maternity leave?

Yes, because you are classified as being in active employment. Your insurer may have a few stipulations which will apply to your policy.

3. I’m Self-employed, can I still claim Income Protection while claiming Statutory Maternity Allowance?

Yes. Providing you were in active self-employment prior to being on leave and the insurer offers continuous cover and your premiums are paid during your leave. Some insurers offer to suspend premium payments and cover during this period.

4. Can payments be deferred/suspended while I’m on maternity Leave?

Yes, if this is part of your policy agreement. It will mean you will not be able to make a claim during this period. Some insurers have a Continuous Payment premium policy which means you will continue to pay throughout any leave and will of course therefore continue to be covered.

5. Is voluntary redundancy covered?

No. Redundancy payments apply to imposed redundancy only.

6. Is there a cancellation policy?

Yes however this depends on the policy and the insurer. Most policies will offer a full refund if the cancellation is made within 30 days of starting. If the policy is cancelled after that time, the amount returned to the policy holder may be less than the amount paid in premiums.

7. If I do not return to work after having my baby does my policy continue?

Yes. This is regarded as a change of profession. As a house person you can maintain a policy. Your premiums may go down but your cover level is likely to reduce too. Check your policy with your insurer.

8. What is the Waiting Period?

The period of time for which a policy holder waits for their benefit. It is the combination of the excess period and the Minimum Claim Period.

Excess Period1st payment made
Back to day onePaid on day 31 of claim back to the 1st day
30 daysPaid on day 61 of claim back to the 30th day
60 daysPaid on day 91 of claim back to the 60th day
90 daysPaid on day 121 of claim back to the 90th day


Facts And Figures

  • Just 18 days is the time it would take the average UK household to live without their usual income
  • More than 50% of employees have suffered redundancy or long-term illness
  • 40% of  workers admit they could not afford to live on Statutory Sick Pay currently £86.70 a week
  • the average UK household spend is £484 per week
  • 25% of British workers have been off work for periods longer than 4 weeks
  • 1 in 3 employees in Britain have been made redundant at some stage of their career
  • Men are more likely to be made redundant
  • Women are more likely to suffer long-term illness
  • One-in-10 workers experiences being ill for six months or more during their working lives

* Sources: MetLife Employer Benefits Study, Centre for Economics and Business Research (Cebr), L&G Deadline to the Breadline research, Source: ONS 2010


Mother & Baby is a trading style of Bauer Consumer Media Ltd. Bauer Consumer Media Ltd is an Introducer Appointed Representative of Assured Futures Limited. The Mother and Baby life, health, travel and breakdown insurance service is provided by Family Insurance Services which is a trading name of Assured Futures Limited. Assured Futures Limited is authorised and regulated by the Financial Conduct Authority. Registered office: 2 Des Roches Square, Witney, OX28 4LE. Registration number: 3040737. You can confirm our registration on the FCA’s website; or by contacting the FCA on 0800 111 6768. All personal data collected is handled in accordance with our privacy policy which includes information on the use of cookies. This website should be used in conjunction with our terms of business.


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