As a doctor, you’re well aware from dealing with your patients that life can take unexpected turns.

The same could happen to you.

One day, you’re in the operating room or consulting with patients, and the next, you could be facing an illness or injury that sidelines you from your profession.

Income protection is designed to be your financial safety net in these scenarios, helping you maintain your lifestyle and cover your expenses whil you focus on getting back to work.

But what exactly does income protection involve, and why is it so crucial for doctors?

You and I have a lot in common.

Like me, you’re self-employed, or your partner is.

Like me, you’ve taken a risk by forfeiting a cushy role as an employee where you had the comfort of a regular income.

You’ve left behind benefits like income protection and death in service.

And you waved goodbye to illness benefit from the state should you get sick.

Are you CRAZY?

The income protection deferred period is important.

Shorter deferred periods mean a higher premium.

But is a longer deferred period a waste of money?

Income protection provides regular payments to replace lost income if you're unable to work due to illness or injury.

Serious illness cover pays a lump sum upon diagnosis of a specified critical illness.

But which is better?

TL DR It's Income Protection ALL DAY LONG

But what happens if you can’t work for a long time? Maybe you’re in a car accident or experience depression or fall ill. That magic money machine is about to stop chugging out the good stuff.

It’s why Income Protection is so important.

But if you’re someone who works a job that insurers categorise as risky, you might be facing massive, stonking premiums.
Which might lead you to believe insuring your income is out of reach.

This is where Wage Protector can help.

While being a dentist might not be up there with bomb disposal in the grand scheme of stressful jobs, it’ll come as no surprise to you that Income Protection claims for dentists are on the rise. 

It’s simple: you spend your working day bent over and staring into people’s gobs – which is a divil altogether for back problems. And that’s before we mention rising stress levels and decreasing job satisfaction. 

Put these factors together, and you could end up facing a stint out of work with no money coming in.

And then what happens?

Income Protection, outright, is the best way you can protect yourself from whatever life throws at you.

No messin’, no foosterin’.

It’s the insurance that’s worth its weight in gold because: it covers up to 75 per cent of your salary if you’re unable to work long-term for any reason.

You ever see a TV show or movie where a desperate character takes a loan from a shady one but when they go to make a payment the interest is so high that all of a sudden there’s no hope of them ever paying it back?

And then it cuts to the next scene and there’s a large gangster dude standing on their doorstep threatening to break their legs.

Okay, so I may be exaggerating a bit here but that’s kind of what Reviewable Income Protection is like.

If you ever had to take extended sick leave but had the smarts to sort out income protection policy before the shit hit the fan, you probably felt an abundance of relief.

But what would have happened if your employer had given you the boot during your sick leave?

Is that a thing?

Can you even be fired if you are on extended sick leave?

Unfortunately, the answer is trickier than a quick yes or no.

Paying your mortgage is a pain at the best of times.

But imagine if you couldn't work long term due to illness.

What happens then?