Income protection and menopause
Women can also access treatment and receive financial support throughout menopause with their income protection policies.
Income protection is designed to pay you for long-term absence if you are unable to work sickness or illness. These policies can be used to support you in paying your monthly bills, with a tax-free monthly income of between 50%-70% of your usual income. You can also access support from your income protection policy to help you to get back into work.
Can you claim on income protection for mental health issues?
One of the biggest reasons for people claiming on their income protection policies is due to absence from mental health issues. Menopause can cause moderate to severe mental health problems such as depression and anxiety.
If you are unable to work for a period of 4 weeks or more then you should be able to claim on your income protection. This will then pay you a tax-free monthly income to pay your mortgage, rent, or other outgoings while you are unable to work.
Your income protection policy may also pay you a lump sum for therapy or treatment to help you to get back to work.