- 80 - 81 High Street, Northallerton, DL7 8EG
- dwight@oakvalefinancial.co.uk
Contact us today to find out how we can help you achieve financial clarity and certainty for your mortgage.
- 80 - 81 High Street, Northallerton, DL7 8EG
- 07388 515859
- dwight@oakvalefinancial.co.uk
Protect your income
How would you cope if your income stopped?
Unexpected illness or injury can affect anyone, but losing your income does not have to mean losing financial stability. At Oakvale Financial, we provide personalised income protection advice in Northallerton to individuals and families who want reassurance that their mortgage, bills and everyday living costs can still be covered if they are unable to work. Whether you're employed, self-employed or buying your first home, we take the time to explain your options in plain English and help you choose cover that suits your circumstances.
Why Choose Oakvale Financial For Income Protection Advice?
If you’d like guidance tailored to your circumstances, we’re here to help. We take the time to understand your situation properly and talk you through the options in plain English — no jargon, no pressure.
How the Cover Works
Income protection can cover up to a percentage of your earnings and pays out after a waiting period that suits your budget — whether that’s a few weeks or a few months. Payments continue until you’re well enough to return to work or until your policy ends. It’s not a savings plan, and it won’t pay out for redundancy, but it’s there for the moments when health gets in the way of earning a living.
Most people don’t have enough savings to fall back on for long — in fact, it can take the average UK worker around a decade to save the equivalent of a year’s income. That’s why planning ahead matters.
- Regular monthly payments if you’re unable to work due to illness or injury
- Premiums that stay the same, unless you choose a plan that increases over time
- Support to help you return to work when you’re ready
- Flexibility to adjust your cover as life changes (eligibility applies)
- Wellbeing support, including access to trained nurses for guidance and reassurance
- Care advice, offering confidential help in navigating adult and later‑life care options
What Is Income Protection & Who Is It For?
Income protection insurance provides a regular monthly income if illness or injury prevents you from working for an extended period. Rather than paying a single lump sum, it replaces part of your earnings until you are able to return to work or your policy reaches its agreed end date.
For many people, their salary is their biggest financial asset. While savings can help in the short term, they often do not last long enough if recovery takes several months or more.
Income protection advice is suitable for a wide range of people.
- First-time buyers taking on their first mortgage
- Homeowners wanting to protect household finances
- Self-employed business owners without employer sick pay
- Families relying on one main income
- Employees without significant monthly employer sick pay
- Anyone wanting greater financial security should their health change
If you're arranging a mortgage, it's worth discussing protection alongside your borrowing. Explore our mortgage protection advice to understand how the two work together.
Prefer to speak to someone directly? Call 07388 515859 or email dwight@oakvalefinancial.co.uk.
- CeMAP qualified, FCA regulated mortgage and protection advice
- Personal guidance from one dedicated adviser throughout
- Friendly, jargon-free recommendations tailored to your circumstances
- Flexible face-to-face, telephone and online appointments
- Evening appointments available to fit around work commitments
- Transparent service with no pressure to proceed
Why Income Protection Advice Matters
Many people don't think about income protection advice until they're faced with an illness or injury that affects their ability to work. Taking the time to review your options before the unexpected happens can provide valuable financial reassurance for you and your family.
The average household is just 19 days from the breadline, far shorter than the 60 days they believe - *Legal & General research
39% of people interviewed are concerned of getting a serious long-term chronic illness, while 8 in 10 are concerned about at least one issue affecting ability to work
The average UK household has £2,431 in savings, but they need around £12k in savings to feel secure.
2 in 5 households have less than £1,000 in savings. In fact 1 in 5 have no savings at all.
Our professional income protection advice in Northallerton helps you understand the level of cover that suits your circumstances, so if illness or injury prevents you from working, you have greater financial security while you focus on your recovery.
The Benefits Of Income Protection
Choosing the right policy can provide much more than financial support.
Protect Your Monthly IncomeRegular monthly payments can help you continue meeting mortgage repayments, household bills and everyday expenses while you recover.
Reduce Financial StressKnowing that your essential outgoings are covered allows you to focus on getting better rather than worrying about your finances.
Choose Flexible Waiting PeriodsPolicies can often be tailored around your savings, employer sick pay or other financial arrangements, helping balance cover with affordability.
Support Beyond Financial PaymentsMany providers also include wellbeing services, rehabilitation support or access to healthcare professionals, depending on the policy selected.
Cover That Can AdaptAs your career, family or mortgage changes, your protection needs may change too. Regular reviews help ensure your cover remains appropriate.
1
Initial Conversation
We begin with an informal discussion about your income, existing protection, family circumstances and financial commitments.
2
Understanding Your Needs
We explain how different policies work, answer your questions and identify the level of protection that may suit your lifestyle.
3
Researching Suitable Options
Using our panel of protection providers, we research policies that align with your circumstances and explain the differences clearly.
4
Clear Recommendations
You'll receive personalised advice in straightforward language, allowing you to make an informed decision with confidence.
5
Ongoing Support
As your circumstances change, we remain available to review your protection and ensure it continues to meet your needs.
Why Choose Oakvale Financial?
Income protection advice should never feel confusing or pressured.
At Oakvale Financial, you'll work directly with Dwight throughout the process, receiving clear explanations and honest recommendations every step of the way.
Our clients value friendly, personal advice, consistent communication. Also they find flexible appointment times useful as well as in depth local knowledge. We provide transparent recommendations and look to build long-term relationships rather than one-off transactions
Many of our protection clients first came to us for mortgage advice before returning for ongoing financial guidance as their circumstances evolved.
Learn more about Oakvale Financial and our approach.
Areas We CoverBased in Northallerton, we provide income protection advice for clients throughout North Yorkshire and beyond. Appointments are available in person, by telephone or online, allowing you to receive expert advice wherever suits you best.
For video and phone appointments we work nationally. For face to face advice we cover most of North Yorkshire from our office in Northallerton.
- Northallerton
- Thirsk
- Bedale
- Catterick
- Stokesley
- Surrounding villages
What does income protection insurance cover?
Income protection typically pays a percentage of your income if illness or injury prevents you from working after an agreed waiting period.
Does income protection cover redundancy?
No. Income protection is designed to cover illness or injury rather than redundancy or unemployment.
Can self-employed people get income protection?
Yes. Many self-employed professionals choose income protection because they may not receive employer sick pay.
When should I arrange income protection?
Many people arrange protection when taking out a mortgage, although it can be reviewed or added at any stage.
Is income protection worth it?
For many people, yes. If you rely on your income to pay your mortgage, household bills or everyday expenses, income protection can provide valuable financial support if illness or injury prevents you from working. The right policy depends on your personal circumstances, savings and any sick pay you receive from your employer.
Can I combine income protection with life insurance?
Yes. Many clients choose both forms of protection as part of a wider financial safety net. Learn more about our mortgage protection advice.
How much does income protection cost?
The cost varies depending on factors such as your age, occupation, health, smoking status, the level of cover you choose and your waiting period before payments begin. We compare suitable policies based on your needs and budget, helping you find appropriate cover without paying for protection you do not need.
Book your free mortgage consultation
Begin your stress-free journey to protecting your income.
We support applicants looking to protect their incomes in Northallerton and across North Yorkshire, including nearby towns and villages such as Thirsk, Bedale, Richmond and Stokesley, plus rural communities. Appointments can be face-to-face locally or online for convenience. If you are outside the area, we are happy to help remotely wherever possible.
Call: 07388 515859
Visit: 80-81 High St, Northallerton DL7 8EG
Or get in touch online to book your free consultation.