Short-term Income Protection Insurance
If a short illness or injury leaves you unable to work, knowing you're financially protected provides peace of mind. At Beechwood Mortgages, our short-term income protection insurance offers an affordable way to safeguard your income, because having some cover is always better than none. Explore your options with our expert guidance and support.
Stay protected: affordable income cover when you need it most
SHORT-TERM PROTECTION
Though you may only be out of work for a short while, protecting your income is imperative.
COVER FOR THE SELF-EMPLOYED
If you run your own business, we can help you find the most suitable plan to offer income support if you’re unable to work due to illness or injury.
COMPETITIVE
QUOTES
We can help you access a number of short-term income protection options from a range of providers.
TAILORED TO
YOU
You'll always get a personalised service based on your specific needs. What's more, we'll do all the paperwork for you.
Understanding Short-term Income Protection
Similar to standard income protection insurance, short-term policies provide coverage if you're unable to work due to illness or injury. The key distinction is that short-term income insurance offers protection for a fixed duration, making it ideal for those seeking a policy whilst also looking to keep monthly costs down.
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If you're receiving statutory sick pay, income protection insurance can help manage your monthly income and expenses, ensuring bills, mortgage, and other expenditures are covered despite a reduced income. For more extended absences, long-term income protection may also be a worthwhile consideration.
What are the benefits?
Short-term income protection will offer you financial support when you’re unable to work. It goes much further than statutory sick pay, for example it will provide you with a monthly benefit until you return to work or for an agreed period, usually a maximum of two years.
How is it useful?
Insurance for income protection is particularly useful if: •You don’t have any savings •You run your own business •You have minimal sick pay entitlement with your employer It’s important to remember there is often a period between when you stop working and when you start receiving payments.
What isn’t covered?
Some scenarios will not be covered by these policies, they include: •Pre-existing health conditions or illnesses •Self-inflicted injuries •Voluntary redundancy •Seasonal unemployment
