LIFESTYLE PROTECTION INSURANCE
Cover up to £3000 or 90% of your net monthly income
Monthly cover (£)
Obtain an indicative quote for 12 month benefit period

Protect your mortgage, loans & other regular commitments
Type of cover
Waiting period
Your age
Apply for income protection insurance

Income Protection Insurance

Seekers of income protection insurance can use this lifestyle protection policy to protect all the major items they may wish to protect, for example their monthly mortgage payment or home rental payments, personal or secured loans, motor finance and utility bills, council tax and other regular commitments.

  • First month FREE
  • Cover up to £3,000 or 90% of your net salary
  • Unemployment only cover is available, as well as accident, sickness and unemployment and accident and sickness only options
  • Cover is available to the Self-Employed
  • The is no requirement for you to have been in your job for 12 months prior to taking cover
  • Unlike many other low-cost providers, we have no hidden admin fees
  • Underwritten at Lloyd’s of London

What common exclusions do NOT apply to our policy?

  • Hobby or job exclusions
  • Backache exclusion
  • Cosmetic or elective surgery exclusion
  • HIV or Post-Viral disability exclusion
  • Dismissal exclusion
Income protection FAQs
Income Protection Insurance Policy Documents

What is the difference between Income Protection Insurance, Mortgage protection and Lifestyle Protection?

Income Payment Protection as widely sold on the internet and elsewhere is not specifically linked to any mortgage or loan, it covers just a percentage of monthly income that can be used to pay those regular outgoings. Most income protection policies do not specify the actual expenses the benefit should be used for and can be considered as income replacement, replacing the salary that is lost through the inability to work. Income protection insurance policies are traditionally slightly more expensive than mortgage protection. Hybrid mortgage protection insurance polices are a fairly recent addition to the range of options where the mortgage can be covered with an addition percentage of the cover added to help towards other bills.

Keeping up with the bills if you lose your income

Mortgage protection insurance is the most popular in the range of payment protection insurance options generally available to consumers. But covering the mortgage alone does not help with other monthly outgoings, such as council tax, car expenses and utility bills.  Catering for those other outgoings as well as the mortgage helps protect your way of life and can help prevent you from spiralling into debt in an effort to meet those outgoings that do not disappear with your job.

Don’t wait until you need Income Payment Protection – it may be too late

Many people do not think about the consequences of what will happen if they lost their income through accident, sickness or unemployment. The first time they think about it is when they are told of impending unemployment and by that time it is usually too late to get cover for that period of unemployment.  All payment protection insurances contain unemployment exclusion periods and these can vary from 60 days (as with Monster Insurance) up to 150 days or even 180 days as offered elsewhere. This means that any claims made for unemployment within that period of days would most likely be excluded as will claims made where unemployment was impending at the time they joined the scheme. If consumers wait until they know they will need income protection insurance or a variation of payment protection, it will be too late, so if you think the cover is a good idea, don't wait.

Buying Income Payment Protection

You need to be sure that you are buying the right policy for your needs. Income Protection Insurance is widely available and if searching for this cover be aware that it is sometimes referred to as Income Payment Protection.  This lifestyle protection insurance is slightly different from income protection in that with this policy you decide from a wide range of options which regular commitments you wish to include and in the event of a claim benefits can be made to cover those provable commitments.

Income Protection Insurance

Income Protection Insurance policies allow you to protect your salary if you were to lose it through accident, sickness or unemployment. Income protection as offered by Monster Insurance as lifestyle protection is designed with the intention that you can keep the same policy for many years, altering the different commitments that you cover and also the level of cover that applies.

Income Payment Protection can be as important as Buildings Insurance. What would you do if you lost your income? Who would pay your monthly commitments if you were unable to? The premiums for this cover can be tailored to fit your needs or your pocket with low process, varying excess periods and choices of cover that include unemployment only, as well as accident & sickness cover or ASU cover that combines both. If you are serious about protecting your finances you should examine the benefits of income payment protection.

The recent upheaval in the financial sector and the ever increasing unemployment figures has pushed payment protection insurance to the forefront. People are now more concerned than ever about protecting their home and their lifestyle if they become one of the unemployment statistics. Monster Insurance recognise this and have produced an Insurance Payment Protection with variable monthly benefit periods so you can reduce the premiums to a level that suits your pocket whilst knowing that you have protected your income against the worst happening.

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