Income Protection for Doctors, Nurses & Other Medical Staff
Sickness insurance and personal injury income insurance for medical professionals
What is income protection for doctors & other medical professionals?
Income protection insurance gives you financial support if you can’t work because of illness or injury. For medical staff; e.g. doctors and nurses, who may have high levels of financial responsibility and commitment, this insurance is vital. Many Doctors and nurses working in the NHS will be covered by NHS sick pay, however this sick pay will not be paid forever, with your length of service determining how long you are covered by occupational sick pay for.
If you are working via a third-party contract, a GP (General Practitioner), locum doctor or bank nurse, you may not be entitled to any contractual pay at all. It’s possible you will be entitled to Statutory Sick Pay (SSP) paid by the government, but again this is only paid for a limited time at a very low rate. Doctors’ income protection, nurses’ income protection and GP income protection insurance policies are the best way to protect yourself.
These income protection policies ensure you continue to receive a part of your income, helping to maintain your lifestyle and meet your financial obligations during periods when you are unable to work due to sickness, accident or injury.
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Why Choose Go Protect Me?
Our 5* reviews show how much our customers value our ability to find the best income protection for doctors and other medical staff, whatever their personal circumstances. These are just some of the reasons people choose us:
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Why you need income protection for nurses, doctors & GPs
Financial security
Many medical professionals, particularly high-earning doctors and surgeons, are often the main breadwinners in their family. When you can’t work, the impact is felt on your entire family. Getting income protection insurance for nurses, doctors and GPs lets you know that you will still have an income in the event of illness or injury.
Covering your bills
Mortgage payments, utility bills, school fees and daily living costs. Whatever you have to pay out regularly, this won’t change if you have an accident or become ill. An income protection plan helps you honour your regular expenses and reduces the chance of falling into debt.
Concentrate on your recovery
With the reassurance provided by income protection insurance, you can focus on getting better without the added stress of financial concerns. This may help you return to work more quickly. Working in the medical profession can be physically and mentally demanding, but income protection insurance means you have one less thing to worry about.
How much is income protection insurance for medical professionals?
Monthly premiums for medical professionals’ income protection insurance vary. They depend on a number of things. These include the following:
Age
Younger people are considered a lower risk by insurers than older people. This is why the premiums for younger doctors and nurses tend to be lower than for their older counterparts.
Medical history
If you’re lucky enough to be fit and healthy, with a good medical history, then your premiums will tend to be lower than a person whose health isn’t as good.
Speciality and where you work
Your work environment and your medical speciality can affect your premiums. Your premiums may be higher if your area of expertise is considered high-risk or involves a high level of physical activity.
Level of coverage
If you are a high-earning surgeon or consultant, you will probably want more financial cover than someone earning less. This can also increase your premiums.
Length of coverage
When you take out income protection insurance for doctors in the UK you can opt for long-term cover or short-term cover. While long-term cover continues until you area able to return to work (or you retire) short-term cover generally ends after 2 years.
Waiting period before your first payment
Income protection policies have a ‘deferred period’; this is the length of time you must wait before your first payment. You could choose to wait until your NHS sick pay ends before your income protection insurance payments start. Deferred periods are between 1 and 104 weeks, and longer deferred periods attract lower premiums.
Your health, age and medical speciality can’t be changed, but factors such as the deferred period or how long you want cover for can be determined by you. When you talk to the specialist income protection insurance brokers at Go Protect Me, we’ll suggest the most appropriate policy for you.
Whether you’re a nurse, a doctor, a GP or any other sort of medical professional, we have your best interests at heart.
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Talk to the specialists
We understand the particular needs of anyone looking for the best income protection insurance for doctors, nurses or GPs (General Practitioners). We can find policies for all kinds of medical professionals, whatever your individual circumstances.
The team at Go Protect Me knows that income protection for surgeons is different from income protection insurance for a nurse, but whatever type of income protection medical professionals are looking for, we can help.
We’ll make sure you get the right level of cover, taking into account any existing sick pay entitlement, and giving you total peace of mind.
Reduce financial worry by getting a quote and talking to Go Protect Me today.
Free Financial Review for All
At Go Protect Me we believe that income protection insurance is just one element of financial security. That’s why we offer medical professionals a full financial review absolutely free of charge. As a valued customer, you will get a complete assessment of your current financial situation from one of our Client Relationship Managers. There is absolutely no obligation, and you’ll be given savings and/or investment advice, together with information on tax reduction where appropriate.