Income Protection

As a Chiropractor your skills and expertise are your most valuable asset and have enabled you to enjoy the lifestyle you have become accustomed to. With this comes serious financial commitment, not least to those closest to you who depend so heavily on your support.

So, how would you cope financially if you were unable to work as a result of injury or illness? How long could you cope without regular income before the financial situation becomes difficult; a week, a month, 6 months?

The Basics

Income Protection provides a regular income in the event that you are unable to work as a result of an injury. The benefit level is usually a maximum of 65% of your income and is payable following incapacitation and a deferred period of your choosing. The deferred period can be from day one or anything up to 24 months, depending on your ability to cope financially. The longer the deferred period, the lower the premium.

Occupation Specific Cover

As a Chiropractor the occupation specific feature is one that you should consider, as this ensures that you will continue to receive the benefits until you are able to return to work as a Chiropractor or up until retirement age if this is never possible. Many providers do not offer this feature and without it if you are deemed fit to return to work in any capacity, stacking shelves in a supermarket for instance, then they could stop your benefits, which would obviously affect your income.

If you would like to discuss your requirements with one of our Independent Financial Advisers then please complete the enquiry form and we will contact you to assess your circumstances, review the market place and then present options for you to consider.