Should I Get Protection Through My Employer or Set It Up Myself?

Many people rely on their employer protection insurance as part of their workplace benefits package. It can include life cover, income protection, or critical illness insurance. While this is a valuable benefit, it is worth asking whether it gives you enough protection, or if arranging your own policy could offer more control, flexibility, and long-term peace of mind.

At Turtle Mortgages, we help clients compare the pros and cons of employer protection and personal cover to ensure their family’s security never depends on their job alone.

Understanding Employer Protection Insurance

Employer protection insurance is cover provided by your employer, usually at no extra cost. It can include:

• Life cover to support your family if you pass away
• Income protection to replace part of your salary if you can’t work
• Critical illness cover for major health conditions

It’s quick and convenient, but it often comes with limits you should understand.

The Benefits of Employer Protection

Employer protection insurance gives you automatic peace of mind. There are usually no health checks, and you’re covered straight away. It provides a helpful safety net while you’re employed but only for as long as you stay in that job.

The Drawbacks You Should Know

The main issue with employer protection insurance is that it usually ends when you leave your job. If you go self-employed, switch employers, or take extended time off, your cover stops.

It’s also typically capped at a few times your salary, which may not be enough to cover your mortgage or provide long-term family support.

Why Personal Protection Can Be Stronger

With a personal policy, you stay in control. You can:

• Set your own cover level
• Keep the policy even if you change jobs
• Add optional benefits such as income or critical illness protection

It’s tailored to your life, not your employment contract.

Combining Both for Complete Peace of Mind

You can keep your employer protection insurance and add personal cover to fill the gaps. For example, if your employer provides £100,000 of life cover and your mortgage is £300,000, you can top up the extra £200,000 yourself.

This approach gives you both convenience and full protection.

The Bottom Line

Employer protection insurance is a great starting point, but a personal policy ensures your cover stays with you for life, not just your current job. It’s about building lasting financial security that supports your home, income, and family no matter what happens next.