Should I wait before taking out income protection after getting my mortgage?
Niall O'Connor MSc CFP® QFA
Co-Founder
This is your personal decision. Income Protection is one of the most valuable policies available as it protects your income—the very basis on which the bank approved your mortgage. While it’s not compulsory, it’s highly beneficial. If you’ve built up a substantial savings buffer, you could delay taking it out, but consider the risk of being unable to obtain cover later due to health changes.