Protection gaps that appear after a promotion

A promotion that lifts basic salary and bonus often leaves death-in-service and income protection at yesterday’s levels. Employers rarely reopen the conversation unless you ask HR for current multiples.

Check three numbers: the salary multiple for life cover, the waiting period and benefit percentage for income protection, and whether cover continues if you leave the firm. Directors with limited company income need a separate look at relevant earnings for personal policies.

We do not sell protection as a quota. In a Wealth Planning Review, protection sits beside emergency cash and mortgage commitments so recommendations reflect dependants and fixed costs — not a generic cover target.

If your only change is a new role title, a short protection conversation may be enough without a full planning engagement. Bring your latest benefit booklet and personal policy schedules to contact us.