Why should you have Short Term Income Protection Insurance?

The chances of you being off work for more than 30 days are quite high. Short Term Income Protection Insurance will help provide the income you need.

Even if you’re off work, the household bills keep on coming and the family still needs feeding. Basic sick pay and Incapacity Benefit provides around £65 a week for the first year but could you make ends meet with that?

We think it’s sensible to help put these worries behind you by taking out insurance that pays you a tax free income for up to 12 months if you were off work through sickness, accident or unemployment. When you’re job’s well settled and you’re fit and healthy, the idea of spending money like this may seem unnecessary, even unwelcome. But as we all know - and often choose to ignore, things can alter very quickly.

Think about the following: -

• Over the last 5 years 28 % of people of working age have been off work for more than a month due to illness or accident.
• Over the last 5 years 9 % of people of working age have been off work for more than 3 months due to illness or accident.
• 1 in 3 people aged between 25 and 34 have experienced unemployment for more than a month.
  Every day 500 people in the U K become unemployed. 60% of unemployed men and 45% of unemployed women will be out of work for six months or more.
• Around 80 families have their homes are repossessed every day. The majority being largely due to unemployment.

Don’t you think it would be better to be safe rather than sorry! Protect yourself with Short Term Income Protection Insurance!

Frequently Asked Questions related to the above topic.
Click below if you wish to read them: -

• What is Short Term Income Protection Insurance? (Also known as Accident Sickness and Unemployment Insurance)
• How much will it cost?
• How much should you insure for ?
• Are there any situations that would result in your claim being refused?
• You want a lump sum if you were to die or become very seriously ill and could not work again. What sort of insurance do you need?
• You want to ensure that your monthly mortgage repayment is paid, if you became sick, unemployed or had an accident. What sort of insurance do you need?
• You want to ensure that you receive a monthly income if you became sick, unemployed or had an accident for as long as you were off work (i.e. no limit of 12 months) or until the insurance policy finished whichever came sooner.
• Should you insure for accident and sickness or accident, sickness and unemployment?
• Will a claim under a Short Term Income Protection policy affect any State benefits to which you may be entitled?
• What happens if I am made redundant?