Webinar: Income protection for doctors

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Webinar: Income protection for doctors

Watch our recent webinar, 'Income protection for doctors: protecting your biggest asset', presented by our panel of insurance advisers from Avant Life.

Key takeaways

1. Occupation and disability definitions: The way your policy defines disability matters. ‘Own occupation’ generally offers more comprehensive protection, especially for doctors, by covering you if you can’t work in your specific specialty, even if you could work elsewhere.
2. Policy features and cover amount: Waiting and benefit periods influence your premiums, they determine how long you’ll wait before payments start and how long they’ll continue. Your cover amount should reflect your lifestyle, expenses, and any passive income to ensure financial stability if you can’t work.
3. Optional add-ons and tax benefits: Consider optional features like blood-borne disease cover, which may be especially relevant for certain medical professionals. Also, income protection premiums may be tax-deductible, check with your accountant to confirm.
4. Review regularly: Your circumstances change over time. Regular reviews help ensure your cover stays relevant. Our advisers offer complimentary consultations to Avant members support this.