Income Protection for Dentists

As a dentist being unable to work due to an accident, sickness or redundancy could have a detrimental impact on you and your family’s finances.  With an income protection insurance policy, you can mitigate such an event providing financial peace of mind should the unexpected happen.

Income protection insurance could help you, as a dentist or dental nurse , to cover the costs of your bills in the event that you were unable to work due to illness, injury or unemployment through redundancy.  In particular, as a self-employed dentist whose income is generated solely by yourself, income protection insurance could provide a vital financial lifeline should you have to stop working. Both short and long term income protection cover is available. Short term cover provides income protection for a set period of time normally between 12 and 24 months. Long term income protection can provide cover until a set age e.g. 60.

For short term income protection quotes use the quote system below:

Here is how income protection insurance policies tend to work:

Should you become incapable of working due to sickness or an injury, or lose your income through redundancy, you could claim on your policy and receive financial support.

This financial support would usually entail a monthly tax-free sum (typically of up to 65% of your usual earnings) paid directly into your bank account, allowing you to keep in control of your finances.

You would normally receive these payments following a period of you being off work, which is known as the ‘deferred period’.  This ‘deferred period’ is usually chosen by you when applying for an income protection insurance quote – typically ranging from 30 days back to day one to 180 days.

On a short term income protection insurance policy, you could continue to receive payments from your policy for as long as you require within the period stated by your insurer, usually twelve months.

Long Term Income Protection

If you are looking for cover on a more long-term basis, there are providers willing to offer income protection insurance quotes to dentists.  See below for quotes and advice:

Case Study

Mr White, 55, runs a successful dental practice in Bury, Greater Manchester.  Three years ago, tragedy struck when he was involved in a serious motor accident on the way to a league game of his beloved team, Bury FC.  As a result of his injuries, he required months of rehabilitation before he could return to work as a dentist.  Mr White, 55, runs a successful dental practice in Bury, Greater Manchester.  Three years ago, tragedy struck when he was involved in a serious motor accident on the way to a league game of his beloved team, Bury FC.  As a result of his injuries, he required months of rehabilitation before he could return to work as a dentist. 

Fortunately, Mr White had invested in income protection insurance, which meant that his insurance provider was able to pay him for the whole nine months in which he was unable to work, meaning that he was able to keep on top of his mortgage repayments and household bills during this difficult time.

Thankfully, Mr White has now made a full recovery.  “I would recommend an income protection policy to any dentist, particularly if you are self employed.  I don’t know how my family would have coped otherwise”.