The "What If?" Calculator: Your Financial Safety Net
Could your finances survive being off work for 6 months due to illness or injury? For many, Statutory Sick Pay isn't enough. Find out your potential financial gap in just a few clicks.
Calculate Your 6-Month Shortfall
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Financial impact of sickness calculator guide
WeCovr's financial impact of sickness calculator helps UK households estimate a shortfall during illness, backed by FCA-authorised guidance and 900,000+ policies issued across protection products. It highlights the gap between income and essential outgoings.
What this sickness impact calculator estimates
The calculator compares your monthly income, employer sick pay, Statutory Sick Pay, and savings against essential outgoings over a six-month period. It shows the likely shortfall or surplus.
Results are indicative and should be used for planning only.
Models a six-month illness scenario.
Includes employer sick pay and SSP assumptions.
Shows the potential financial gap clearly.
Why the shortfall matters
Even a few months of reduced income can deplete savings quickly. Income protection insurance can provide a regular benefit to cover essential bills.
Why WeCovr supports income protection planning
WeCovr provides FCA-authorised guidance with high customer satisfaction ratings. We also offer complimentary access to the CalorieHero AI calorie tracking app and discounts when customers take PMI or Life insurance.
Data sources and guidance references
This guide references GOV.UK Statutory Sick Pay information and FCA guidance on protection insurance.
Income scenarios during illness
| Scenario | Monthly income | Risk level | Best for |
|---|---|---|---|
| Full employer sick pay | Higher | Lower risk | Short-term absence |
| SSP only | Lower | High risk | No employer cover |
| Income protection | Varies | Lower risk | Longer-term cover |
Related WeCovr resources
FAQs
How long does Statutory Sick Pay last?
SSP can be paid for up to 28 weeks if you meet eligibility criteria.
Does this calculator include employer sick pay?
Yes. You can select how many months of full pay you receive from your employer.
Is income protection worth it?
It can be valuable if you rely on your income to cover essential bills and have limited savings.
Are the results guaranteed?
No. They are illustrative and depend on your inputs and actual policy terms.