When doctors and dentists are looking to the future, the last thing they want is anything threatening their financial security or getting in the way of their ambitions. However, sometimes life just won't go according to plan.
Wealth and income protection will protect your lifestyle should you be unable to work due to any illness or injury. Designed to replace your income and normally recommended to run until your intended retirement age, this solution is different from a critical illness plan as it will also allow for multiple claims during the term's duration. Imagine the situation where you were unable to earn an income due to an illness or injury. How would you be able to pay for your normal living expenses? Will you be able to support your family?
The maximum amount of income you can typically replace through insurance is broadly the after-tax earnings you have lost, less an adjustment for state benefits you can claim. As with all insurance, it is important that you have the right type of policy for your circumstances.
With an income protection plan organised through Dental & Medical Financial Services, we can help support your lifestyle until you are due to retire. This will mean that you can:
Continue to plan for your financial future
Ensure your financial security is kept in tact
Keep up any savings plans
Carry on paying your financial commitments
Always support your children with their busy activities