Since Medical & Professional took over my portfolio, I have enjoyed courteous service. They have always taken their time to listen to me and have consistently tailored their recommendations to fully meet my needs and personal circumstances. In addition to helping.....
Medical & Professional have always been invaluable with their understanding of our personal requirements. The advice they have given us over the years has been ‘’second to none’’. It has been and will continue to be a great pleasure to do business with them. I have recommended their company to friends and colleagues and will continue to do so in the..
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Flexible income protection cover for doctors
Is it essential for doctors to consider what might happen should they be unable to practice for a prolonged period of time. Irrespective of the stage of your career, a long term illness or loss of earnings can have a serious affect on your financial wellbeing. MPI use our intricate knowledge of the remuneration and benefits packages for NHS employees to tailor income protection cover to the specific needs of doctors. Our partners and advisers have in excess of 100 years combined experience of working in the financial services industry, 30 years of which was with BMA services. The intricate knowledge held by our financial planners has allowed us to offer financial solutions to over 1000 medical professionals.
Cover Explained for Hospital Doctors
Cover Explained for GPs and GP Locum
Income protection cover for doctors helps safeguard against the financial consequences of a sickness or disability which prevents you from working, right up to retirement if necessary.
NHS statutory sick pay does not provide long term cover
In the event of a long term illness it is often the case that sick pay based on a sliding scale from the commencement of NHS employment is simply not sufficient, with the full entitlement not reached until after 5 years of service. Even after this time, the maximum benefit will pay for 12 months of sick leave, 6 months of which will only be at half pay. In the event of a long term illness then you really do need specialist income protection for doctors which provides cover, usually after a defined term of ‘deferment’, which ensures that the benefit is paid at the end of the deferment period. Due to the sliding scale of entitlement of doctor’s sick pay, a fixed term of deferment is not appropriate, which is exactly the reason why our income protection cover is specifically tailored for doctors.
A truly unique aspect of the Income Protection we offer is that it is available without the need for a face to face meeting. We know just how busy the lives of doctors can be, and how precious this makes your free time. We make the whole process simple by allowing you to purchase your income protection cover online.
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