Introducing Executive Income Protection

If you run a small business, getting some financial protection for your key personnel can give you and your colleagues some peace of mind. Here, we explore how Legal & General Executive Income Protection works.

What is Executive Income Protection?

Executive Income Protection pays a monthly benefit if your named employee is unable to work through illness or injury. The money can be put towards the employee’s ongoing sick pay so that they don’t have to rely on their savings or state benefits.

What does Executive Income Protection cover?

If you take out L&G Executive Income Protection, the policy can be used to cover your employee’s income from a range of sources, including:

  • Earnings
  • Dividends
  • P11D benefits

At an extra cost, Executive Income Protection insurance can also cover:

  • Employer pension contributions
  • Employer National Insurance contributions.

Fast underwriting decisions

83% of underwriting decisions receive an instant decision.

Additional cover options

Cover employer National Insurance and/or employer pension contributions for an additional cost.

Changing Your Policy option

Allows your client to increase cover on specified events, without further medical questions. Eligibility criteria and restrictions apply.

Protect against inflation

Option to choose increasing cover, which increases in line with the changes in the Retail Prices Index.

Includes Waiver of Premium

Your client won’t have to pay their premium while the benefit is being paid.

Cover can include spousal earnings

Cover may also include taxable earnings payable to the employees’ spouse or civil partner by the policy owner during the same period which would stop because of the employees’ incapacity. Please see Policy Booklet for details.

Speak to a qualified financial adviser

You can call our team on 0800 197 9208 from 9am to 5pm Monday to Friday (note - we may record and monitor calls), or email us at We’d be delighted to advise you on how to protect your business’s financial future.