Doctors Need to Be Kept Safe from Diseases, Too

Many may think that doctors are immune to getting sick. However, this is not exactly true, considering how often doctors are exposed to a variety of disease-causing organisms and other health hazards in their day-to-day work. Some medical professionals may be able to afford some sick days, but what about those who need to put in extra hours at the clinic or hospital to pay the bills? This is where income protection comes in.

Income protection policies are a popular way to assure that a person’s quality of life will be maintained while suffering from a sickness or injury. Most policies can cover a person until retirement age and the compensation that a policyholder will receive is usually dependent on the amount of salary he wants to insure. Note that income protection for doctors should ideally cover up to 65% of income in case of an illness or accident.

It sounds like a great idea and often is. A doctor cannot predict what injuries or unfortunate incidents he might encounter while out in the field, so it’s best to be prepared with a financial “plan B”. However, getting a policy can be complicated. This is because plans can differ in terms of when you can start to collect payment, how long a period it covers, and what the insurer considers as legitimate claims. Fortunately, doctors seeking to protect themselves from the vagaries of misfortune via income protection insurance can count on the services of professional financial planners.

This entry was posted on Wednesday, 30 April 2014 and is filed under ,,. You can follow any responses to this entry through the RSS 2.0. You can leave a response.

Leave a Reply

Powered by Blogger.