Executive Income Protection
Safeguarding earnings for key employees
Overview
With a variety of providers and policy structures available, selecting the most appropriate cover can be complex. We help you/businesses navigate this market, providing guidance on coverage levels, terms, and claim scenarios.
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How We Can Help
Executive Income Protection is a crucial component of employee benefits for senior staff, providing peace of mind and financial security if illness or injury prevents work. Our role is to simplify the complex market and help businesses and executives select suitable, cost-effective protection.
We begin by assessing the individual’s role, salary, and financial responsibilities. This includes reviewing existing benefits, potential income replacement needs, and any medical considerations. From there, we compare policies from multiple providers, focusing on benefit levels, waiting periods, exclusions, and flexibility in claim conditions. Our goal is to help find cover tailored to the executive’s specific circumstances and provides meaningful protection.
Being independent allows us to provide a broad view of the market, highlighting key differences between policies and helping executives and businesses make informed choices. We also advise on practical considerations, such as integration with pensions, other income protection policies, and corporate arrangements for premium funding.
Our support continues beyond placement, including regular policy reviews, adjustments for salary changes or health developments, and guidance on claims processes. By taking a holistic approach, we help executives to feel secure in their financial future while employers demonstrate a commitment to staff wellbeing and retention.
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Your Questions, Answered
Executive Income Protection provides a replacement income for senior employees if they cannot work due to illness or injury. It typically covers a percentage of salary, offering financial security during periods of incapacity. Policies are designed for high earners with complex financial responsibilities and may include enhanced features or higher benefit limits than standard policies. We help businesses and executives compare providers, understand policy terms, and select options that provide meaningful protection, ensuring peace of mind for both the individual and the organisation during times of absence due to health issues.
Senior staff, directors, or high-earning employees are the primary beneficiaries of Executive Income Protection. These individuals often have higher financial obligations, including mortgages, personal investments, or family responsibilities. Having cover in place provides peace of mind that income continues if they are unable to work due to illness or injury. We assess the individual’s circumstances, existing benefits, and risk profile, guiding businesses in providing tailored protection that maintains employee confidence, retention, and financial security.
Claims for Executive Income Protection are typically assessed based on medical evidence and the policy’s definition of incapacity. Once eligibility is confirmed, the insurer pays the agreed benefit until the individual can return to work or reaches the policy limit. We provide guidance on submitting claims, required documentation, and liaising with insurers, helping to make as smooth and straightforward as possible. The goal is to support both the executive and the employer during periods of absence.
Yes. Executive Income Protection can be updated to reflect changes in salary, role, or health status. Policies can also be reviewed periodically to help benefit levels remain appropriate. We help businesses and individuals manage these reviews, ensuring coverage continues to provide meaningful protection and aligns with evolving circumstances. This proactive approach maintains peace of mind for both the executive and the organisation.