What should I do with my protection if I lose my job or my income falls?
Redundancy can create affordability pressure and remove workplace benefits. Contact the insurer or adviser before cancelling or missing payments; there may be options, and replacing cover later can be more difficult or expensive.
I've lost my job / my income has fallen.
An income shock can make premiums harder to afford and can change eligibility or appropriate benefit levels for some products. Contact the insurer/adviser before cancelling or missing payments; support or policy options may be available.
My income has fallen — is my cover now wrong?
A lower income can affect affordability and, for income protection, the amount an insurer may pay at claim under maximum-benefit rules. Review the policy rather than simply cancelling it.
This article is general information about UK protection insurance, not personalised financial advice. Policy terms vary between insurers and products, so always check your own policy documents.
Last updated 27 October 2026