At the point of applying for a Short-term Income Protection policy, the acceptable age band is 18 – 64 (with cover continuing until they are 67) for clients who have been in full-time employment for at least six months. It can cover up to 65% of their gross monthly income, with a maximum of £3,000 for new mortgages and £2,000 for existing mortgages or customers with a mortgage offer.
We’ve partnered with AmTrust Specialty Limited and Wessex Group
To offer Short-term Income Protection that covers accident, sickness and unemployment (ASU).
This policy provides your clients with a financial safety net when they need it most. Whether they’re early in their career or well-established, the plan provides peace of mind when the unexpected happens.
Eligibility and age
General value
While anyone with an income can benefit, it’s especially valuable for clients who want to protect their lifestyle and focus on recovery without added financial stress.
Why clients might need it
Some of the reasons to consider income protection for your clients include:
- Their savings may not be enough to cover living costs if they’re unable to work due to illness or unemployment
- They may only qualify for statutory sick pay (SSP), which may not cover regular expenses
- Their employer’s sick pay may not cover all monthly outgoings
- They’re self-employed and do not receive sick pay
- They don’t already have ASU coverage through another insurance policy
- They want a solution due to affordability or gaps in long-term protection
Flexible cover options
Clients can choose from full accident, sickness, and unemployment cover; accident and sickness only; or unemployment only cover. Clients can insure up to 65% of their gross monthly income, with a maximum of £3,000 for new mortgages and £2,000 for existing mortgages or customers with a mortgage offer.
Flexible excess period options
Clients can select from a range of excess periods – including back to day one cover – giving them control over when their payments begin. Claims are paid directly to your client for up to 365 days per successful claim.
Homeowners
To keep pricing competitive, cover is only available to clients who either have a mortgage or a mortgage offer on a property they permanently reside in or intend to reside in at the cover start date. Coverage can continue once the mortgage is redeemed.
Accidental death cover
12 x monthly benefit, included automatically with Accident and Sickness cover.
Quoting and submitting business
To quote and submit business with our Partner AmTrust Specialty Limited and Wessex Group, you’ll need to have an agency with us.
Are you an Appointed Representative?
If you're new to your network, your Network will contact us to request access for you and Wessex will send you an activation email.
Are you Directly Authorised?
With our online application form it couldn’t be easier to set up an agency. Simply follow these easy steps:
- Complete all the fields with the necessary information, ensuring you've read, understood and agreed to our terms of business.
- When you’re happy with your completed form, click the ‘submit’ button.
If you need any support pre-application, please contact your Regional Account Manager
Our partners
Wessex Group is an experienced provider and administrator of accident, sickness, and unemployment insurance programmes, working with AmTrust Specialty Limited on ASU programmes since 2004.
AmTrust Specialty Limited, part of AmTrust International, is a global insurer providing bespoke solutions for businesses of all types. AmTrust is a long-standing insurance provider to many UK lending institutions, supporting thousands of clients through partnerships with mortgage networks, intermediaries, and lenders.
Important information
Allianz Short-term Income Protection insurance is distributed by Allianz UK Distribution Limited, provided and administered by Wessex Group and underwritten by AmTrust Specialty Limited.
Allianz UK Distribution Limited is authorised and regulated by the Financial Conduct Authority to carry out insurance distribution activities (firm reference number 307523). Registered office: 15 Bishopsgate, London, EC2N 3AR. Registered in England and Wales (company number 03007252).
Wessex Group is a trading name of WIMS Limited. WIMS Limited is authorised and regulated by the Financial Conduct Authority to carry out insurance distribution activities (firm reference number 306840). Registered office: Jewry House, Jewry Street, Winchester, Hampshire SO23 8RZ.Registered in England and Wales (company number 03729853).
AmTrust Specialty Limited is an insurer based in the UK. AmTrust Specialty Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (firm reference number 202189). Registered Office: Exchequer Court, 33 St Mary Axe, London EC3A 8AA, Registered in England and Wales (company number: 01229676).