Why Choose ProAdvice?

  • Get the best deal. We offer independent protection advice to find the best policy for you.
  • Save Money today. We guarantee not to be beaten on a genuine like for like quote
  • Impartial advice. All the small print and clauses are highlighted to you and are explained in a jargon freeway
  • No set up costs. Our Service is 100% Fee Free as we get paid by commission by our lenders.

Income Protection

What is it?

Income Protection is a name given to several products, accident and sickness cover, permanent health insurance and redundancy plans.  The aim of these policies is to provide an income to you should you stop getting paid.  It can cover everything from a cold or a broken arm, to more serious conditions like a heart attack and cancer.  The plans normally tops up any work benefits you may have. 

There are a number of choices you have to make when taking out income protection insurance.  The key part of income protection is to ensure you are covered for your ‘Own Occupation’.  This means whatever prevents you from doing your own job the policy pays out.  If you take out a cheaper work or suited occupation policy, you may find yourself in a unique situation where you are too sick to work but not sick enough to claim.  

The amount of income protection you need is also a personal choice.  Many people take out between 50-65% of their annual salary.  By law, you are entitled to 28 weeks statutory sick pay at £88.45 a week (1).  In many cases however, this would not be enough to live on.

1. https://www.gov.uk/statutory-sick-pay/overview

An income protection plan allows you to choose a deferred period. A deferred is the time period that you have to wait until you receive the money, when you make a claim. If you are lucky enough to get sick pay, then to save money you could have a longer deferred period to match your sick pay with work, typically 13 weeks, 6 months or even a year.  However if you have none or are self-employed, the deferred period can be straight away, a week or if you have savings, several months.

You cannot make a claim on Income Protection while you are still getting sick pay from your employer. Please be aware that you cannot be in a better financial situation claiming on an insurance plan than by working. 

The biggest factor on the price you pay for income protection is the job you do.  An office worker would typically pay less for a policy than a builder, even if they are the same age, have the same sum assured and the same deferred period.  The reason for this is a builder is considered to be a higher risk occupation than an office worker. 

Here are a few statistics that might surprise you!

A Nurse is considered a higher risk occupation than a Doctor.  This is due to Nurses having to lift patients and therefore bad backs are claimed on.  A Teacher is one of the most “claimed on” jobs according to income protection.  More Teachers claim for stress than anything else.  62% of claims for income protection are for bad backs and injuries such as broken bones and whiplash.  These can happen to anyone.

Contrary to common belief, if you are self-employed you are able to take out these plans.  

Speak to a Proadvice adviser to find out which plan is most suitable for you

Do I need it?

Let us imagine that you own a machine that pays £2,000 at the end of each month.  Every month, £2,000 cash is printed out.  It is the greatest invention ever but there is only one; if it breaks, that is it. No more money. 

You can spend that money on anything you like; you can buy a house, go on holiday, buy food and pay your bills.

Now, how much would you pay to insure that machine?  It is your only source of income.  If the machine breaks down you stop getting the £2,000 pounds. You won't be able to pay for the mortgage, unable go on holidays and you wont be able to pay your bills.

Would you pay to insure the machine?  If you answered yes, then you need income protection.  You would probably have guessed you are that money machine. 

How does it work?

If something happened to you that stopped you working then the income protection plan would pay out.  Proadvice will help you decide which policy is most suited to you taking into consideration a number of key points.

The most important of these is ensuring you get Own Occupation rather than suited or work tasks.  Many people take out income protection believing they are covered. However, when it comes to claiming, they find out they have the wrong classification which will stop a pay-out.  Our advisers will also be able to discuss with you the other choices such as short term, long term, deferred period and unemployment option.  Ensuring that when you take out a policy with Proadvice, you know at the moment you need it the plan will payout.  

Our Income Protection Specialists are waiting for your call

How does it work?

If something happened to you that stopped you working then the income protection plan would pay-out.  Proadvice will help you decide which policy is most suited to you taking into consideration a number of key points.

The most important of these is ensuring you get own occupation rather than suited or work tasks.  Many people take out income protection believing they are covered however when it comes to claiming finding out the wrong classification will stop a pay-out.  

Get quotes today

The facts

One of the best days of the month is pay day.  We spend all month working out where it is all going to go, all the important things such as the mortgage, the bills and the food shopping but also all of the fun things such as holidays, nights out and gifts for the children. But what happens if pay day stops coming?

Every year 300,000 people become long term sick and every day 1,589 people are made redundant.  All of these people have now lost their pay day.

Many people think they will be okay because they have some sick pay or even their savings, but what they do not realise is that the average time someone is off sick is between 5 - 7 years.  34% of people currently off work have been so for longer than 10 years.  Now, that is a long time to miss out on pay day. The number one reason why people lose their homes is due to sickness, that is a fact.  Make sure you are not another one of those statistics.  

Find out more

The following videos are created by a third party and neither Pro Advice Financial Services Ltd nor Sesame Ltd are responsible for the accuracy of the content.

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Guides and frequently asked questions

Taking out Insurance can be daunting; to help with the process we have put together some helpful guides and have answered our frequently asked questions, or if you prefer speak to a Proadvice adviser.

Frequently asked questions

Compare Life Insurance Companies

When it comes to getting the right insurance policy it is important to speak to a Proadvice Provider who can tell you they key points of each plan. We compare 100s of different polices every day and can point out the important details to you. However if you would like to know more about the insurance companies and their history we have put together some interesting information and some key points of the policies they provide. The list below is a sample of providers used.

Choose from the list of great providers below to get started:

aegon ageas aviva axa british friendly
cirencester exeter family friendly friends life holloway friendly legal and general
lv partnership paymentshield pruhealth royal london
pruprotect shepherds friendly unum

Who are Proadvice?

Here at Proadvice our aim is to offer a professional service with our team of protection specialists and customer support. We offer you quotes with full impartial advice on the best products with plans designed to suit you. With our price guarantee we promise we will not be beaten.

The wealth of experience our specialist advisers possess enables them to explain and recommend the right products for you and therefore avoid any disappointment if the need for you or your family to claim did arise.

We make it our job to understand all of the policies inside out and understand the small print, so you can have complete peace of mind with your policy.

When buying insurance it is essential to find the right insurance company based on your health, hobbies, and your lifestyle as this will have a major effect on the final premium you will pay.

It is our job to find you the right insurance company with the very best cover for your circumstances and to also find you the most competitive rates in the marketplace today.

Here at Proadvice we do not charge a fee for the services we provide and can assist you on all elements of your personal protection from Life Insurance, Critical Illness Cover and Income Protection needs.

Why Proadvice?

Our sole aim is to advise and recommend the best polices for you should the worst happen. People come to Proadvice to ensure that when they take out a protection plan, they are going to be adequately covered. We have years of experience reading the small print, in fact we love the small print. It is one of the things that make us stand out from the crowd. We can advise you of the plans most suited to your circumstances and let you know what you are covered for and just as importantly what you are not, so you can have complete peace of mind before you take out the plan. The protection industry is an industry that wants to pay. Last year was a big year for pay outs and it is therefore important to know how to set the plan up correctly.

We know there might be more interesting and exciting things to do than taking out insurance however, we know how important it is to get it right. The insurance and financial industry isn't known for simplicity and can have difficult to understand literature.

Speak to one of our advisers today

Life insurance with advice

Taking out the cheap option may seem like the easies thing to do when taking out life insurance, critical illness cover and income protection. There are so many choices to make it can seem like you are in a minefield and unsure which way to turn and people could end up taking a policy not suitable or worse give up on the idea all together.

Most people will speak to an adviser who can guide them and recommended a plan that is tailor made for these circumstances. The other option would be to do it yourself and hope you have the right plan and it is set up correctly. In 2005 the Financial Services Authority (FSA) made buying insurance more easier to understand, if you wanted to sell life insurance you could offer advice or just offer a quote service and offer no advice whatsoever. With no advice you are on your own, all the broker can do is give you the means to set the plan up. If the plan ends up owing inheritance tax, does not pay out because of your hobby or has exclusion you were unaware of the buck stops with you.

When taking a policy with advice all the small print and clauses are highlighted to you and are explained in a jargon freeway. The adviser can also make recommendations and give guidance to you about what sort of plans are most suitable some you may have even been aware of. Best of all you are completely protected through The Financial Conduct Authority, Financial Services Compensation Scheme & Data Protection Act 1988.

Speak to your Proadvice financial consultant about getting advice today 01933 417 300.

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Protection Advisor - Rushden - OTE - £50k + Package

Due to expansion we are looking to recruit Protection Advisors to expand our sales team.

We are looking for insurance consultants with both customer service and sales focus with experience of working within a target orientated environment within Financial Services or Insurance.

We will offer excellent, ongoing training (including study towards professional qualifications) and offer fantastic career progression.

You will be required to give sound financial advice to meet their financial protection needs whilst offering unrivalled customer service.

As a Protection Adviser you will:

  • Work closely within a sales team to ensure that any potential clients protection needs are met
  • You will be taking enquires for customers for their insurance needs and then provide bespoke advice
  • Be responsible for and competent in, advising, servicing and building customer relationships

Experience required for the Protection Advisor Role:

  • Experience of working within a financial sales environment with a proven track record
  • Good general knowledge of the financial services industry and competitor activities
  • Strong interpersonal and communication skills
  • Efficient and accurate in following sales processes and completing related administration
  • Professional and credible
  • Highly focused to succeed and exceed expectations
  • Experience of working in a busy customer driven environment
  • The ability to work as part of a team

We are offering the right candidate a competitive starting salary and monthly uncapped commission.

To apply for the role please simply send your CV with a covering letter to This email address is being protected from spambots. You need JavaScript enabled to view it.

Contact

If you wish to discuss this vacancy and all other vacancies that we have in the financial sector, please contact James Barker on 01933 417300. All calls will be treated confidentially.


Mortgage & Protection Consultant - Rushden - OTE - £50k + Package

The ideal candidate will have a proven back ground in sales, be highly motivated, well presented and eager to succeed. Previous experience in mortgages would be ideal, however if you are looking for a change in career with a high profile company that will provide you with the latest mortgage qualifications (Cemap), apply below.

You will provide an effective and efficient mortgage advisory/placement service to customers of the company ensuring the provision of "best advice" in line with company procedures and statutory rules and regulations.

As a Mortgage & Protection Consultant you will:

  • Work closely within a sales team to ensure that any potential clients mortage & protection needs are met
  • You will be taking enquires for customers for their mortgage and insurance needs and then provide bespoke advice
  • You will be based in a local estate agency and will advise over the phone as well as face to face
  • Be responsible for and competent in, advising, servicing and building customer relationships

Your main tasks will involve:

  • Experience of working within a financial sales environment with a proven track record
  • Good general knowledge of the financial services industry, competitor activities and the mortgage market
  • Strong interpersonal and communication skills
  • Efficient and accurate in following sales processes and completing related administration
  • Professional and credible
  • Highly focused to succeed and exceed expectations
  • Experience of working in a busy customer driven environment
  • The ability to work as part of a team

We are offering the right candidate a competitive starting salary and monthly uncapped commission.

To apply for the role please simply send your CV with a covering letter to This email address is being protected from spambots. You need JavaScript enabled to view it.

Contact

If you wish to discuss this vacancy and all other vacancies that we have in the financial sector, please contact James Barker on 01933 417300. All calls will be treated confidentially.

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