Short-term income protection (STIP) can help to replace a percentage of your lost income if you become unable to work due to an accident or sickness.
You’ll receive monthly, tax-free income payments that can help to cover the following financial commitments while you’re off work:
- Family living costs
- Mortgage/rental payments
- Bills and utilities
- Childcare costs
- Debts (such as loans or credit cards)
- Other daily living expenses
But how does short-term income protection differ from long-term income protection and which is the best option? Keep reading to find out…
Reassured Advice can compare both short-term and long-term income protection quotes on your behalf to help you find the most suitable solution.
Why not get in contact for your free and no-obligation quotes?