What is executive income protection?

Executive income protection is a product designed to replace the income of key individuals if they are unable to work through sickness or accident.

It allows an employer to offer extended sick-pay arrangements to valuable employees. Premiums are often tax-deductible and do not count as a benefit in kind (P11D).

Executive plans offer higher cover than personal plans – in some cases as high as 80% of the employees remuneration, which means they should always be considered for directors and business owners.

Executive Income Protection

Income Protection insures against the risk of you becoming injured or to ill to work.

An executive income protection plan has an additional benefits in that it can be paid for by your business, which could make it a tax deductible expense, and it is not considered a benefit-in-kind.

Income from the plan is paid back to the company, and it can then be paid out to you, subject to tax, to replace your income.

Why use BBi Financial Planning?


Our advisers have obtained the highest level of qualification in UK financial services


With decades of experience between them our advisers have seen it all.


We use the best tools available to make sure our research is as good as it gets.


We invest heavily in expert compliance support to ensure our staff and processes are always under scruitiny.


We have relationships with tax and legal experts to provide you with a holistic support network.


A service agreement with us means you will be able to speak to your chartered adviser. You won’t be stranded with someone else.

Benefits of Executive Income Protection

Ordinary income protection policies typically cover up to 50% of salary, but an executive income protection plan can do so much more.

With some insurers cover can reach 80% of gross remuneration (this includes salary and dividends), the premiums do not count as a benefit in kind so there is no additional tax to pay for the person covered, and the business can use the cost as an allowable expense.

All of this makes an executive income protection plan a very efficient way for business owners and directors to ensure they can get the best cover possible.

Why choose BBi Financial Planning for Executive Income Protectionr?

Independent Advisers

We are proud of our independence.
It means no-one tells us what to do but you.

You can trust us to put your needs and goals first.

Chartered Professionals

We are a chartered firm and our advisers hold chartered status.

This puts us in the small elite number of firms in the UK, and means we uphold the highest standards.

Bespoke Cover

Our advisers will take the time to understand exactly what you need protected and why, and advise you on the most suitable options for your budget.

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Business owners and directors can save money with Relevant Life insurance.

You get the benefit of the cover while your company pays the premium.

Critical Illness Insurance from BBi Financial Planning

Critical Illness Insurance

Life Insurance can pay out if you die but what if you survive?

Critical illness insurance will pay out if you are diagnosed with a serious medical condition such as a heart attack, cancer or more.

Could executive income protection be right for you?

Cover up to 80% of your remuneration

Executive income protection plans allow for higher levels of cover than a personal plan.

As an owner or director your earnings are likely to be higher than average, which makes this increased benefit very valuable.

Not a benefit in kind (P11D)

Even though the premiums can be paid by your company this does not count as a benefit in kind, which means you don’t need to record these expenses for your personal tax return.

Tax-deductible for your business

Your business is allowed to deduct the cost of your premiums as an allowable expense.

The right insurance product should be as effective and as tax-efficient as possible.

What our clients say

Thank you for all your excellent service we could not have done it without you.
Mr J

What are the benefits of Executive Income Protection

BBi Financial Planning can work with you to make sure you have the right type of income protection in place, with cover and terms that suit your needs. An executive plan means you and your business can save money.

High cover limits available

Cover up to 75-80% of your income

As a higher earner you have more to protect, so make sure your income protection plan is good enough for you and your needs.

Reliable income

Regular monthly payments available

If you need to claim you can depend on regular income to ensure the essential bills for you and your family are paid.

Save money

Executive plans are highly tax-efficient

As an executive plan the income payments are taxable, but the premiums paid for by your company are not treated as a benefit in kind and are an allowable business expense.


This page is for information and education and is not advice.

Our advice is always bespoke and in writing.

Contact us to discuss your needs or arrange a meeting with one of our chartered advisers.

Any companies and products mentioned are for information only and are not a personal recommendation.