Answered by Andrew Jenkinson
Short term protection explained
Yes, there are a number of insurance policies available to cover the risk of being unable to work due to short-term disability. These plans can payout for up to 12 or 24 months.
Covering you in your own job
With this type of cover it is important that the policy covers you in your ‘own occupation’, so any medical condition that prevents you from doing your current job means the policy pays out (some other policies would require you to be unable to do any other job for which you are ‘suited’).
Take care with short-term plans
For policies with own occupation protection you should see our page on short-term income protection insurance. Please be aware that most short-term plans advertised are payment protection policies and these usually use the suited occupation definition, which provides far weaker cover.
Better to think long-term
One insurer, Liverpool Victoria, published claims data in 2011 showing that the average claim length for their long-term disability insurance policy had an average claim length of 7 years! This really puts the short-term plans into perspective.
Frequently Asked Income Protection Insurance Questions
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