At Yellow Financial Services, we provide expert income protection advice to individuals and families across Boston, Lincolnshire and beyond. With over 50 years of combined experience, we help you find the right level of cover to protect your lifestyle and financial security.
Your details will only be used to answer your enquiry.
The internet is not a secure medium and the privacy of your data cannot be guaranteed.
Your ability to earn an income is one of your most valuable financial assets – but what would happen if you couldn’t work due to illness or injury?
Income protection insurance is designed to provide a financial safety net, helping you cover your essential living costs if you’re unable to work for a period of time. It offers peace of mind that your bills, mortgage, and day-to-day expenses can still be managed while you focus on recovery.
Please note for these insurance products, terms and conditions apply. This information is a summary only.
You will receive a full policy document upon application. This policy will set out the terms, conditions and limitations of cover provided under the plan.
As with all insurance policies, conditions and exclusions will apply.
The cost of this insurance depends on several factors, such as your age, where you live and your occupation. As a result, the cost you will pay is based on your own circumstances.
Income protection insurance is a policy that pays you a regular monthly income if you’re unable to work due to illness or injury.
Instead of a one-off lump sum, it provides ongoing payments – typically covering a percentage of your salary – until you return to work, the policy ends, or retirement age is reached (depending on your policy).
This type of cover is designed to help you maintain your standard of living during difficult times.
Income protection isn’t essential for everyone – but it can be incredibly valuable depending on your situation.
You may benefit from income protection if you:
Rely on your income to pay a mortgage or rent
Have dependants or financial responsibilities
Are self-employed or lack sick pay benefits
Want financial security in case of unexpected illness
In our experience, many people underestimate how long they could manage financially without an income.
Income protection insurance typically covers situations where you’re unable to work due to: Long-term illness, Injury, Medical conditions affecting your ability to work.
Unlike some other types of insurance, income protection focuses on your ability to earn – not just specific conditions.
This makes it a valuable form of cover for maintaining financial stability during extended periods off work.
Understanding what isn’t covered is just as important as knowing what is.
Income protection policies generally do not cover:
Pre-existing medical conditions (in some cases)
Redundancy or unemployment
Short-term illnesses (depending on the policy)
Self-inflicted injuries or high-risk activities
Policy details vary, so it’s important to get clear advice before choosing a plan.
The right level of cover depends on your income and financial commitments.
Most policies cover: 50–70% of your gross income
You should also consider:
Some people aim to cover all essential expenses, while others focus on maintaining a comfortable standard of living.
We’ll help you calculate the right level of protection based on your needs.
The cost of income protection insurance depends on several factors:
Generally, younger and healthier applicants benefit from lower premiums.
Starting early can help you secure more affordable cover.
Income protection policies are designed to provide consistent financial support when you need it most.
You choose a level of cover (usually up to 50–70% of your income)
You select a deferred period (how long before payments start)
You pay a monthly premium
If you’re unable to work due to illness or injury, the policy pays out monthly
Deferred Periods
This is the waiting time before your payments begin — commonly 4, 8, 13, or 26 weeks. Choosing a longer deferred period can reduce your premiums.
Policy Length
Some policies pay out for a fixed period (e.g. 1–5 years), while others continue until you return to work, retire or death.
We’ll help you choose a policy that fits your financial situation and risk level.
These two types of cover are often confused but serve different purposes.
Income Protection Insurance: Pays a monthly income, Covers long-term inability to work, Ongoing financial support.
Critical Illness Insurance: Pays a lump sum, Covers specific serious illnesses, One-off payment.
Many people choose to combine both for more comprehensive protection.
Choosing the right income protection policy can be complex, with many options and variations to consider.
At Yellow Financial Services, we:
Our goal is to help you protect your income with confidence.
Your income supports your lifestyle, your home, and your future – protecting it is one of the most important financial decisions you can make.
At Yellow Financial Services, we provide clear, personalised advice to help you find the right income protection policy for your needs.
Book your no obligation consultation today.
Take the first step towards protecting your financial future today.
Your details will only be used to answer your enquiry.
The internet is not a secure medium and the privacy of your data cannot be guaranteed.
As a local protection advisor based in Boston, we understand the needs of individuals and families in the area.
We regularly help clients: Protect their income and lifestyle, Plan for unexpected illness or injury, Put long-term financial protection in place.
Our local, personal approach ensures you receive advice that’s tailored, practical, and easy to understand.
Yes, provided your claim meets the policy terms and you are unable to work due to illness or injury.
This depends on your policy – some pay out for a set period, while others continue until you return to work, retire or death.
Yes, many policies allow multiple claims as long as you meet the criteria.
For many people, it provides valuable financial security and peace of mind.
