Being a doctor, you will know better than anyone else that illness or an accident can happen to anyone at any point in time, and when it happens, the financial consequences can be devastating. Also, doctors are more likely to get infected while dealing with patients or by a needle stick injury or similar workplace incident.
Income Protection Insurance is one of the most valuable protection insurance to purchase as it offers you a ball of money monthly even if you are not able to work due to accidents or sickness. It helps you deal with your financial problems even if you don’t have income.
When deciding if Doctors need income protection, it makes sense to weigh up the risk of injury or accidents happening and the potential consequences.
The Incapacity Risk
According to the survey, 15% of individuals of age above 55 admitted in their career there had been at least once they had been out of work due to illness or injury for six months or more.
We can see the risk of long-term injury and illness is much higher than many people may assume. In this condition, you may have been covered by Doctors Sickness Insurance, but what if it does not cover all your expenses.
As such, it is worth considering income protection insurance for doctors.
Financial protection means peace of mind so that you can enjoy the essential things in life without worrying about how to cope with the expenses.None of us know what lies ahead in our future,and income protection insurance can provide peace of mind in case the worst happens.
Income protection policy also allows you to maintain the same lifestyle that you were living before illness or accident. Along with you, your family will also have peace of mind, and you can recover soon.
Protect Your Income and Your Savings
Most of the people have rainy day funds for the future, but even significant saving funds can run out in an unfortunate event that you are not able to work.
By insuring yourself with income protection insurance, you won’t have to use your savings or sell properties bought from your hard-earned money. The payout from the income protection policy will cover you easily without having to spend a single penny from the saving pot you have.
Reassurance to Your Family
When you are unable to work due to illness or accidents, your medical bills may become expensive while the income will be cut off.
With proper income protection policy, you will be able to dismiss most of the expenses. The payout you receive from the income protection policy will offer reassurance to your family.
Don’t leave your future to luck, get insured with Aspect Income Protection Insurance, and live without any financial worries. It’s always a good idea to hope for the best but prepare for the worst. And Income Protection Insurance is the best way to prepare yourself for the uncertainties that can happen in your life.