Income protection calculator
Understand the true value of your income protection policy.
Monthly insurance premium
£
Monthly tax-free payout £2,000
£
Years remaining on policy 10
Total maximum payout
£240,000
Annual premium as % of max payout
0.25%
Total cost of insurance
£6,000
The total maximum payout assumes the policy pays out every month for the full remaining term. The annual premium as a percentage of the maximum payout illustrates the cost-efficiency of the cover. Income protection payouts are generally tax-free as premiums are paid from post-tax income. This calculator is intended for illustrative purposes only and does not constitute financial or protection advice.