Protection

We all insure our most treasured material possessions such as our houses and cars in case of the unexpected; but some people don’t adequately protect themselves and their families.     If you have a family you probably value your loved ones above all else and the last thing you would want is to have anything threatening their financial security. As a doctor you will be fully aware life doesn’t always go according to plan.

Life Assurance

What would be the financial consequences to your family if you or your partner were to die? Who would pay the bills? Would you still want your family to live the life you had planned for them? It is important to remember that we do not effect life assurance for ourselves but for those who depend on us. We can help you arrive at the appropriate level of cover to protect your family. Using our experience we take into account benefits that would be received from all sources including the NHS Pension Scheme in the course of determining any shortfall in cover.

Income Protection

It’s easy to take for granted the ability to always be able to work. Imagine what life would be like if your income was reduced significantly or was to stop completely through illness or incapacity. The NHS sick pay arrangements are not especially generous, particularly in the early years of service, and would cease after 12 months! (New entrants only have one month’s sick pay). How many people would be able to sustain a significant loss of income for the long term? We have an extensive knowledge of the range of income protection policies available within the market place and can obtain the best terms and conditions available.

Critical Illness

If you or your partner became seriously ill, there might be reduction in income and your lifestyle may need to change to help you recover. Special nursing or equipment  may be required to aid the recovery process. These all represent additional costs, at a time when the household income may have been reduced. For most people it would be considered wise to protect at least their mortgage and other debts. A critical illness policy will pay out a tax free lump sum for any qualifying condition to enable major commitments such as a mortgage or loans to be paid off and allow you to concentrate on recovery.

MoneyDoctor financial advisers provide individual solutions to help protect you and your family from the financial consequences of the unexpected.