Income protection insurance is important no matter what profession you are in. Medical professionals have a few risks unique to their occupation which means that they need to find a policy which is geared to their specific circumstances.
Income protection insurance is designed to provide a portion of your regular income in the event that you are unable to work due to illness or injury. As a medical professional you are at higher risk of contracting blood borne diseases such as Hepatitis B, Hepatitis C and HIV from needlestick injuries. Contracting one of the above illnesses could have a significant impact on your occupational duties as it is possible that you may lose patients and you could be unable to perform certain regular duties that might put your patients at increased risk of exposure.
An Accelerated protection policy from TAL can give you cover for these situations through their income protection disability benefits if you can demonstrate a reduction in number of patients as a result of your diagnosis or if your regularly perform procedures which could potentially put your patients at high risk of exposure.
As an addition to your regular income protection policy, you can also obtain needlestick benefit which can pay you a lump sum payment in addition to any regular income protection payments you might receive. For certain eligible medical professionals, this is available for no additional cost with TAL and Asteron on their Critical Illness Premier or Income Protection with critical illness option.
As a medical professional it is important to safeguard your lifestyle and the financial future of your family by taking out income protection insurance. A policy specifically tailored to your occupation can give you the benefits you need so you are confident that you are protected.