Income Protection
Protect Your Income If You’re Unable to Work
If illness or injury stops you from working, your income could reduce or stop altogether. Income Protection provides a regular monthly payment to help cover essential living costs while you recover.
At Blue Sky Mortgages, we offer independent, whole-of-market advice, helping you choose the right policy for your lifestyle, commitments and budget.
Independent guidance for income protection.
As independent, whole-of-market advisers, we’re not tied to any insurer or provider, meaning the income protection guidance you receive is completely impartial and focused on what’s right for your circumstances.
We compare policy options, waiting periods, benefit levels and key features across a wide range of insurers, explaining everything clearly so you understand how each plan works and how it could support you if illness or injury stopped you from working.
Our aim is to make choosing income protection simple, transparent and fully tailored, giving you clarity, reassurance and confidence in the cover you put in place.
GET A QUOTE NOW
Independent protection advice
Whole-of-market access
No complicated jargon
Friendly, efficient advisers
In person, online or phone
Why Income Protection Matters
Protecting Your Income and Lifestyle
Income Protection pays you a percentage of your income (usually between 50–70%) if you're unable to work due to illness or injury. Payments continue until you return to work, your policy ends, or you reach the maximum benefit period - depending on your chosen policy. It is designed to help with:
- Mortgage or rent payments
- Household bills and utilities
- Everyday living costs
- Family expenses
- Long-term financial commitments
We make sure you understand exactly how each policy works before you decide.
Income Protection helps safeguard your finances by providing a monthly payout that covers essential expenses if you’re unable to work.
Types of Income Protection Policies
Helping you understand what level of protection is suitable for your needs.
Short-Term
Pays benefits for a limited period, typically 1–2 years. Often more affordable and ideal for shorter-term needs.
Long-Term
Provides cover until retirement age or until you are able to return to work. Offers strong long-term security.
Age-Banded
We explain the differences clearly so you can choose a premium structure that suits your budget.
Deferred Period
Choose how soon payments start — from 1 week to several months. A longer deferment period may reduce your monthly premium.
Whole-of-market access to an extensive range of insurance products.
FAQ
Your Income Protection Questions Answered
Income Protection is an insurance policy that pays a monthly benefit if you’re unable to work due to illness or injury. It helps cover everyday expenses such as mortgage payments, bills and living costs while you recover.
Most policies cover between 50% and 70% of your gross income. The exact amount depends on the insurer and your circumstances. We help you choose a level of cover that suits your needs.
You can choose how long payments continue — from a short-term benefit period (1–2 years) to long-term cover that pays until you return to work, reach retirement age or the policy ends.
The deferred period is the time between stopping work and when your payments begin. Common options include 4, 8, 13 or 26 weeks. Choosing a longer deferred period often lowers premiums.
No. Income Protection only covers illness or injury. Redundancy cover is a separate type of policy, which we can discuss if needed.
Yes. Income Protection is especially valuable for self-employed people, as they don’t receive sick pay. Policies can be tailored around fluctuating or variable income.
You can, but total cover cannot exceed the maximum percentage of your income allowed by insurers. We can advise on how to structure your protection correctly.
Not always. You’ll complete a health questionnaire, and some insurers may ask for further medical evidence depending on your age, health or amount of cover.
Premiums depend on factors like age, occupation, health, lifestyle, benefit amount and the length of the deferred period. We compare the market to find the most suitable and affordable option.