No sick pay - need a fall back?

katie_saver

Hi,
Just started a new job, they do not have sick pay - just SSP. Whilst I don't plan to take any sick leave I am concerned that if I were to have to take time off (more than a couple of days), are there any insurance policies I can buy? I have a mortgage and if I broke my leg for example, I would not be able to live on SSP whilst recovering...
Any thoughts?
Thanks and sorry if this is the wrong forum, please redirect me to the correct one!

marvin

Accident, sickness and unemployment insurance but it may be very expensive as you have just started.

InsideInsurance

marvin wrote: »

Accident, sickness and unemployment insurance but it may be very expensive as you have just started.

ASU isnt going to be expensive but they may not cover the OP for a probationary period etc.

To the OP - there are two options with income protection:

ASU as mentioned above is the budget version, it can be bought with or without unemployment cover. It tends to be cheap, only pays up to 12 months (a few do 24 months) and is often any job cover so if you are a brain surgeon and injure your hands so cannot operate but could be a call centre agent still it wont pay. Likewise its not underwritten at the point of buying but at the point of claim and so there is always a risk that they decide you arent covered due to a "pre-existing" issue.

PHI is the full fat version. Its more expensive and predominantly only available via advisors but it pays out until a defined date (normally your 65th birthday) and can be own job (so doesnt force a brain surgeon to become a call centre agent) plus is underwritten at the point of buying so any exclusions etc are known up front.

katie_saver

So, based on your replies...best to wait until the end of my probationary period and see what offers are available?
Obviously, the odd day here and there for minor ailments would be fine but I was just concerned about not being able to work at all!
Thank you again.