Long-term income protection plans typically come into effect between the period your employer no longer provides sick pay, and when you collect your pension.
Shorter-term plans are typically used to protect a loan, mortgage or other payment. These usually start within a month but completely cease after 1 or 2 years. Short-term policies often have the option to include cover for unemployment and redundancy, whereas long-term plans do not.
To clarify, Income Protection Insurance only applies to products that pay you an income if you are unable to work due to sickness, injury. Policies to protect mortgages, loans or credit card debts are often called Accident Sickness Unemployment (ASU) policies.
We will happily explain this in more detail to you.