Income Protection Insurance Sleaford

Independent advice on protecting your income to cover your mortgage and bills across Lincolnshire.

What happens if illness stops your income?

Income protection pays a monthly benefit if you can’t work due to illness or injury. Unlike life insurance, which only pays on death, income protection is designed to replace lost earnings while you’re still alive.

Key features:

Monthly benefit: Pays up to 50–65% of your usual income, tax-free.
Deferred period: You choose when payments start (often after 1–6 months off work).
Cover length: Policies can pay until you return to work, reach retirement, or for a fixed number of years.

Many homeowners use income protection to make sure mortgage payments and household bills are covered if they’re unable to work. Alternatives to consider include critical illness cover (pays a lump sum) or life insurance (covers the mortgage on death). For impartial guidance, see MoneyHelper’s income protection guide.

Why income protection matters in Lincolnshire

Unbiased Advice

Dedicated to providing trusted advice, we believe financing your home should be exciting and stress-free. Here’s just some of the lenders we work with;

We access the whole of the mortgage market to find the best mortgage to suit your needs.

Clear advice on income protection

Whole-of-market access: Compare policies across leading insurers.
Tailored to you: Aligns with your salary, sick pay and mortgage costs.
Mortgage focus: We ensure benefits cover repayments and essential bills.
Linked protection: We’ll compare with critical illness and family protection policies.
Local expertise: Daily support for clients across Sleaford, Lincoln and wider Lincolnshire.

How we arrange income protection

We align cover to your income, sick pay and mortgage so the benefit is both affordable and effective.

Review & plan

We check income, outgoings, mortgage payments and existing sick pay.

Compare & explain

We compare insurers, deferred periods and benefit levels, explaining pros and cons.

Apply & arrange

We manage the application and policy setup, and explain how to claim if needed.

Why income protection matters in Lincolnshire

Local property values mean mortgages often run into hundreds of thousands of pounds. ONS figures (July 2025) show averages of £237,000 in North Kesteven (Sleaford) and £184,000 in Lincoln. A typical £180,000 repayment mortgage costs £900–£1,000 a month — a payment many households couldn’t cover without income.

Sleaford & NG34: Families often use income protection to safeguard mortgage payments where one partner’s salary is critical.
Lincoln & Boston: With lower average incomes, even short-term sickness can put finances under pressure.
Grantham, Newark & Stamford: Commuters with higher mortgages use income protection to secure affordability.
RAF households: Cover is especially important for service leavers or partners moving into civilian jobs with less guaranteed income.

We’ll tailor cover to your income, mortgage balance and employer sick pay, so you only pay for protection you need.

We are family

Spolton Mortgages is a family mortgage broker founded by Nick and Kasia Spolton.

From our office in Sleaford, we provide mortgage and mortgage protection advice.

Well-known, and respected for providing trusted advice, we started by helping people find mortgages in Lincoln, Sleaford, and throughout Lincolnshire. Now we find ourselves helping people across the whole of the UK.

Our carefully selected panel of insurance providers

What our customers think

Useful Links

Independent information on income protection:

MoneyHelper – Income protection insurance

Which? – Income protection explained

FCA – Insurance Conduct of Business (ICOBS)

Citizens Advice – Insurance overview

GOV UK – Sick pay and financial support

FAQs

Is income protection the same as PPI?

No. Payment Protection Insurance (PPI) was linked to loans and often mis-sold. Income protection is regulated, designed to cover a percentage of your salary if you can’t work.

How much income can I protect?

Usually up to 50–65% of your gross income, tax-free.

How long does income protection pay out?

It depends on the policy — some pay for 1–2 years, others until retirement or until you return to work.

Do I need income protection if I have sick pay from work?

It depends. If your employer offers only limited sick pay, income protection can cover the gap once it runs out.