Income Protection Awareness Week 2025: 22–26 September
Income Protection Awareness Week takes place from Monday 22nd to Friday 26th September 2025, aiming to highlight the importance of protecting your income from illness or injury.
Why Income Protection Matters
In 2024, income protection insurers paid out a total of £204 million to policyholders. This shows how vital this type of insurance can be in times of need.
Unfortunately, many people still don’t understand the importance of insurance. A recent survey found that only 15% of young homeowners would consider themselves to ‘know a lot’ about income protection. This is concerning as 14% of 18 to 34-year-olds think they would immediately struggle to keep up with mortgage repayments if they were unable to work. Meanwhile, over half (57%) said they would experience financial difficulty after six months of losing their income.
How People Cope With a Sudden Loss of Income
The survey asked respondents how they would cope with a sudden loss of income. Three in ten (29%) said that they would try to take on additional work and 23% said that they would reduce their savings or pension contributions. While these strategies may help in the short term, all these options may be at the expense of their emotional or financial wellbeing.
What is Income Protection?
An Income Protection policy will provide regular payments to replace part of your income if you’re unable to work due to an illness or accident. It will pay out an amount until you can start working again, you retire, pass away or reach the end of the policy term- whichever is sooner.
Typically, the policy will pay out between 50% and 70% of your income if you’re unable to work and can be claimed as many times as you need too while the policy is still in force and meets the criteria.
Taking Action
Now is the perfect time to review your cover. Our team of advisers can help you understand what you’re protected for, identify any gaps in your insurance and make sure that your income is secure. Don’t wait until it’s too late — take action during Income Protection Awareness Week.
As with all insurance policies, conditions and exclusions will apply. Your home may be repossessed if you do not keep up repayments on your mortgage.
