Income Protection

Protect your income for those rainy days when you’re unable to work due to sickness or injury.

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Total reviews

2354

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Average rating

4.68

An income when you can’t work

Our cover pays up to 70% of your pre-tax income aiming to replace your take home pay.

Cover from just £5 per month

Tailor our affordable, flexible Income Protection insurance around your circumstances.

We paid 96.26% of claims

In 2019, the vast majority of claims made by Income Protection members were accepted.

Should you find yourself unable to work due to illness or injury, our Income Protection insurance gives you and your family flexible and affordable cover against your loss of income.

  • You decide when to receive your first monthly payment to tie in with your sick pay
  • With a 5-star Defaqto rating, you can trust our Income Protection to work for you
  • We won’t increase your premiums based on your hobbies or health conditions

Our Income Protection insurance gives you peace of mind that your family’s lifestyle is protected. It provides the income needed to meet the monthly bills without having to dip into your savings or run up debts.

It’s our promise that should you ever need to make a claim, a specialist claims handler will be by your side every step of the way.

Our claims specialists have an average of more than 10 years’ experience, so you can rest assured they’ll make the process as smooth and hassle-free for you as possible.

All correspondences with us, and any documents required to handle your claim, will be processed within five working days. We’ll ensure you’re kept up to date with the progress of your claim and offer expert guidance and information when you need it.

We’re a financial mutual that’s built on fairness. Everything we do is for our members, not shareholders, and all profits made are paid to you or re-invested for your benefit.

Our members love that we do things the right way

Nine out of 10 members would recommend us for the way we help their savings grow.

Helping our members benefit for almost 200 years

The world’s changed a lot since 1826 but our idea of fairness remains the same.

When you’re member-owned, it matters more

We take the financial future of every member personally, because you’re one of us.

It’s wise to secure yourself and your family against the unknown. Download the documents below to get up to speed with exactly how the Shepherds Friendly Income Protection insurance works.

  • If you stop paying premiums under this plan, your cover will cease.
  • If your income increases and you do not review your benefit level, you may not have sufficient benefit to meet your needs when you make a claim.
  • If your income decreases and you do not review your benefit level, you may not be able to claim the full amount of benefit you applied for when the plan started, or you may only be entitled to House Persons Benefit if you are unemployed at the date of incapacity.
  • If you cancel your plan, you will not receive any money back.
  • Benefits received from this plan may affect your entitlement to any other benefit.
  • If you do not give us accurate and honest answers about your health and lifestyle, we may not pay the benefit in the event of a claim.

All references to taxation are to UK taxation and are based on Shepherds Friendly Society’s understanding of current legislation and H M Revenue and Customs practice which may change in the future. For our With Profits plans investment growth is by means of bonuses, the amount of which cannot be guaranteed throughout the term of the contract. Please ensure that you read the full terms and conditions of this plan which are available from your financial adviser or by contacting us directly.

Please note: No advice has been provided by Shepherds Friendly. If you are in any doubt as to whether a plan is suitable for you, we recommend getting in touch with a financial adviser, who will be happy to take you through what options are available. Should you consult a financial adviser there could be a cost involved and you should confirm this cost beforehand.