23/11/2021

5 mins

At Drewberry, we think Income Protection is one of the most important financial products a working adult can have.

Having a continuation of income if you’re medically unable to work is clearly a hugely valuable financial lifeline, allowing you to continue paying your bills, mortgage and other commitments.

EXPERT TIP 🤓
According to consumer group Which?, Income Protection Insurance is the one policy every working adult should consider.

We feel that this product is so important that we’re offering Income Protection with cashback equivalent to one month of free cover to anyone buying this valuable protection for themselves and their families after visiting this page.

By landing on this page you are eligible for one month FREE cover when you set-up your new Income Protection policy.

To claim your discount, simply go ahead and complete and instant Income Protection quote or call us on 02084327333 and state the code VC1MF.

Josh Martin
Independent Protection Expert

Why 3 Million Workers Have Turned to Income Protection

Protect up to 65% of your gross income should you be unable to work due to an accident or illness.
Include unemployment cover to protect against the risk of forced redundancy.
Income Protection can protect you right up to your expected retirement age and will pay out as many times as you need to for as long as you need it if you opt for long-term cover.
It provides peace of mind knowing your income is protected whether you have a short term illness or you have something more serious and are never able to work again.

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Do I Need Income Protection?

People choose Income Protection for a variety of different reasons, but there are three major issues which tend to be behind many people’s decision:

Government benefits won’t be enough to sustain them
They don’t have enough in savings to tide them over if they couldn’t work
They’re concerned about the risk of serious/long-term illness.

Falling Short: How Much is Incapacity Benefit?

If you’re employed and are too ill to work, you may be entitled to Statutory Sick Pay (SSP). This is worth £116.75 per week for 28 weeks. Some employers provide more sick pay than this but many do not.
If you still can’t go to work after 28 weeks and you’re employed, you’ll shift to Employment and Support Allowance (ESA) starting at £90.50 per week if you’re over 25.
The self-employed don’t get SSP – they have to move straight on to ESA.

samatha haffenden-angear, independent protection expert at drewberry

With state benefits so low, Income Protection can sometimes be the only thing keeping a family afloat during a difficult time.

Our Income Protection cashback scheme allows you to receive a month of cover for free, giving you peace of mind for 4 whole weeks on us.

Samantha Haffenden-Angear
Independent Protection Expert at Drewberry

Could You Survive Without Income Protection?

How much do you have in cash savings? For thousands of working Britons, the answer is not very much.

The Drewberry Wealth & Protection Survey found that more than a quarter of us have less than £500 in their savings account.

That’s not even enough to cover one month’s rent – an average of more than £700 in the UK outside of Greater London – according to HomeLet.

How Much Do You Have in Cash Savings?

Almost 3 in 5 people have less than £5,000 in savings – this would vanish quickly in the event they were off work even in the short-term.

Given the relatively low amount held in the majority of people’s savings accounts, it’s somewhat over-optimistic 2 in 5 people said they’d be able to rely on their savings if they couldn’t work for six months when asked this question for our 2016 survey.

The Very Real Risk Of Illness And Injury

Around half of ESA claims are due to mental health conditions, which are generally covered by Income Protection
Approximately 70,000 people are injured on the job each year in Great Britain (Health & Safety Executive)
1,000 new cancer of cancer are diagnosed each day, and half of people born after 1960 will develop cancer at some point during their life (Cancer Research UK)
A heart attack puts someone in hospital in the UK once every three minutes (British Heart Foundation).

sam barr-worsfold independent protection expert at drewberry

No one likes to think about it, but the truth is that we can all have health scares during our lives.

That’s where Income Protection can step in to help pick up the pieces if you can’t work after an illness or injury.

Sam Barr-Worsfold
Independent Protection Expert at Drewberry

Compare Income Protection Quotes & Get Expert Advice

Offering cashback on Income Protection is just one of the ways Drewberry is looking to widen the uptake of this highly underrated policy. Critical Illness Cover has typically been used as a stand-in in the past, but it’s not as comprehensive and won’t cover you for as many conditions.

Why Speak to Us?

We started Drewberry™ because we were tired of being treated like a number.

We all deserve a first class service when it comes to issues as important as protecting our health and our finances. Below are just a few reasons why it makes sense to talk to us.

There is no fee for our service
We are an award winning 🏆 independent insurance broker who works with all the leading UK insurers
You’ll speak to a dedicated expert from start to finish
We are very proud of the 3900 and growing independent client reviews rating us at 4.92 / 5
Claims support when you need it most.
We are authorised and regulated by the Financial Conduct Authority. You can find us on the financial services register here 🧐

Taking out Income Protection can be confusing and there are a few pitfalls to avoid.

If you need any help then please do not hesitate to pop us a call on 02084327333 or email help@drewberry.co.uk.