Income Protection Insurance: Who Qualifies and What You Get
Learn how dentists can secure replacement income if an illness or injury prevents them from working.
Income protection insurance is a way for dental professionals to secure a steady stream of money if they become too unwell or injured to perform their job.
Who it's for
This scheme is designed specifically for dentists who are either self-employed or working as employees.
What you get
If you are unable to work because of an illness or an injury, this insurance provides you with a replacement income to help cover your living expenses while you recover.
What it costs you
To have this coverage, you must pay regular monthly premiums to your insurer.
The catch to know
Most policies include a waiting period. This is a set amount of time after you become unable to work before the insurance payments actually start. Depending on your specific plan, you may have to wait anywhere from 30 to 90 days.
How to apply
- Research different private insurance providers to compare their specific terms.
- Request a quote based on your current income and professional status.
- Complete the application and undergo any necessary medical assessments.
- Review the policy details, specifically the waiting periods, before signing.