Executive Income Protection Calculator
Use this calculator to estimate how much executive income protection you may need, how long your savings could support you, and the potential tax-adjusted cost of company-paid cover.
Your results
Deferred period
—
Potential company tax saving
Important notes
This calculator provides an illustrative estimate only. Executive income protection limits vary between insurers, and the amount available can depend on salary, dividends, occupation, policy terms and underwriting.
The calculator currently uses an illustrative maximum of 80% of salary and qualifying dividends, subject to an annual benefit ceiling of £300,000. These figures are not universal market limits and individual insurers may use different rules or lower maximums.
Executive income protection benefits are normally paid to the company, rather than directly to the insured director. The company will then usually pay the director through payroll, so the amount ultimately received personally may be lower than the gross insured benefit.
The Corporation Tax calculation assumes that the premium qualifies as an allowable business expense and applies the tax rate you enter. The actual tax treatment depends on the policy structure and your company’s circumstances.
The suggested deferred period is based solely on the financial buffer you enter. It does not mean that a particular waiting period is necessarily suitable for you.