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Income protection is a type of insurance that covers you if you are unable to work after being diagnosed with an illness or disability. You will receive payments through a regular income until you can return to work or retire.
Income protection covers you for many types of illnesses and disabilities, but the expectation is that you can return to work eventually. In some cases, you cannot return to work and in this case your insurance expires as soon as you reach retirement age. Income Protection can pay out more than once, however, there is a cap on how much you can receive which is based on your salary.
You must also provide your policy with a deferred period. This time is the length of time that it will take for your policy to start paying. First, you must use your savings, employee sick pay scheme or other income. Once the deferred period is over, the policy will begin to pay. The shorter your deferred policy, the higher the cost of your premiums.
There will be differences among most of the policies that are not the same, no two people are the same. As a mortgage broker in Middlesbrough, it is our job to recommend the right policy for you and determine what specifications you will need in place for your Income Protection insurance policy.
We have also dealt with customers who have never had to claim their insurance. Ultimately, it is more important to have something in place in case your circumstances change. If you want to find out if Income Protection would be beneficial for you and your personal situation, contact us for a free initial insurance review in Middlesbrough.
At Middlesbroughmoneyman, we can offer you a free Insurance review with one of our protection advisors in Middlesbrough, During your review our team will go through your personal and financial situation and see if Income Protection will be the most suitable option for you. Your lifestyle, age and medical history will be factored into your Insurance review so that we can work out what policy you are looking for.
Income Protection can be costly, as it can pay out numerous times. If you have additional Insurances policies in place, it could be beneficial to work out the total costs and what you are covered for.
Upon taking out your policy, make sure you are aware of what it pays out for and the conditions that come with it. Your protection advisor in Middlesbrough will help with this.
Income protection insurance is designed so that it can pay you a monthly income if you happen to become unable to work for any reason. Previously known under the name of permanent health insurance (PHI), it can come in two variants, either with a monthly sum that pays out until you can work again, or a short-term version that only pays out for a limited period of time per claim.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.
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UKmoneyman helped us to obtain a mortgage.. They are a professional and helpful companywho we would reccomend to anyone seeking a mortgage Regards, Keith & Sandra Mantle
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Just wanted to comment on the experience I have had dealing with uk moneyman for my re mortgage. The team have been excellent throughout, special shout out to Stacy Waudby who has been a pleasure to deal with and has really been pro-active and helpful. I would definitely recommend them to anybody looking for independent mortgage advice
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Ami has been great. She explained everything clearly and answered all of our questions (silly or not). Communication was great, genuinely couldn't recommend this service or our advisor Ami more.
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UK Moneyman have helped with my mortgage and remortgage for many years. Always really helpful and knowledgeable. My latest remortgage was done with Conor, who was great at making sure I was getting not just the best deal, but the right deal for my needs.
22 May 2026
Victor Abrams
I found Warren Bailey to be a very helpful and knowledgeable advisor when I discussed with him the potential options for a retirement mortgage . He had contacted me within a day of my seeking an initial conversation with him , and he reassured me there were lenders out there who would consider a mortgage paid out of pension , despite my own bank nort even talking to me as I was over 70 ! Within a couple days Warren had led me through the onboarding process , had explained what documents were needed and had found me a lender suited to my requirements. An excellent experience, and I would recommend him strongly to people looking for a retirement mortgage, and generally . Victor Abrams
15 May 2026
Julie Brake
We would have given them 20 stars. Both Warren & Lizzi have worked so hard on our behalf, in what has not been the smoothest of circumstances. They have been so professional and kept us updated. Would thoroughly recommend this company. With grateful thanks in getting us our mortgage.
12 May 2026
Abdul khaliq Mayar
I would highly recommend UK Money Man, especially Matthew Collinson and Paula. They have done an amazing job for me from start to finish. My previous mortgage broker got my application declined through TMW, and I was very stressed and worried. When I came to UK Money Man, they completely changed the game for me. Matthew was always helpful, professional, and kept me updated at every stage — even on his day off. That level of service really meant a lot to me. Paula was also fantastic and worked hard on my application. Thanks to their hard work and support, my mortgage was approved. I truly appreciate everything they have done for me and my family. I would definitely recommend Matthew, Paula, and UK Money Man to anyone looking for a reliable and supportive mortgage broker.
11 May 2026
Flc
Amazing company! Used them many times since 2018 and always a high standard of service! Would definitely recommend!
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William Thompson
I would like to say Thankyou to Jonathan and Dan for giving me an easy experience in sorting out my equity release.They were polite,friendly and very professional in their duties,and they made everything as easy as possible for me
29 Apr 2026
Yasir Noori
The team at UK Moneyman, especially Stacey Waudby and Matt Collinson, were fantastic. They have been really helpful throughout the process and in keeping me in the loop, with any update regarding the application
16 Apr 2026
Discuss with a dedicated protection advisor about possible relevant insurances you would like to take or that we can suggest to you.
Your protection advisor in Middlesbrough will run through you health background with you, gathering some initial information.
We will build a tailored plan surrounding your current personal and financial circumstances, meeting your available monthly budget.
Our team can search through 1000s of insurance products to find the most suitable one, to protect you and your family.
Once we have found the appropriate product for you and you are happy to proceed, we will submit your application to the provider.
From time to time, the policy provider may come back to us for further information, before they will look at accepting the application.
If you took out your mortgage with us too, we will be back in touch with you at remortgage time. We will also take this time to review any policies you have in place.
Circumstances change and the policies you took out at the start of your mortgage, may no longer be suitable for you at remortgage time.
We offer all of our customers a free, no-obligation protection review where we’ll have a look at any existing policies you have in place and assess their suitability.
We’ll then recommend which products, including critical illness and income protection that meet your needs. If required, we’ll then tailor the plan to match your available monthly budget.
Your Protection advisor in Middlesbrough will always be open and transparent with you. From start to finish they will work for you, trying to find you the most suitable deal possible based on your personal and financial situation.
We have more than 20 years of experience in the sector with all kinds of types of policies. We have helped many customers take out Income Protection products in the past and we could help you next!
Our Mortgage and protection advisors in Middlesbrough want to make sure that you are protected and have the correct policy in place that will give you financial help when you need it most.
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Middlesbroughmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Middlesbroughmoneyman 2009–2026
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Middlesbroughmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Middlesbroughmoneyman 2009–2026
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