If you work in a dental school, hospital, the armed forces, the community dental services or for a company, you may well be covered against short term sick leave, but what would happen if you were long-term sick?
Not being able to work becuase of an illness or injury will affect your lifestyle, not just in terms of day to day living but also financially. The extent of this effect will obviously depend on your personal circumstances. Income protection insurance is designed to reduce the financial worries of ill health, by giving you the safety of a regular income to replace any earning you lose by not being able to work.
No one wants to think about falling ill or having an accident but, as well as the unexpected, it is worth remembering that dentistry is a physically and mentally demanding profession, so it is no surprise that many dentists suffer some form of illness during their careers.
You may think that as an employee, you don’t need income protection because of the benefits your employer provides. These can vary enormously from practice to practice and whether you are employed by the National Health Service or privately. You may have a relatively generous arrangement where you receive sick pay for a couple of years, or your employer may simply have a statutory sick pay arrangement. In reality, your employer’s cover will probably be somewhere between the two. Whatever your situation, unless you think you can get by on government benefits, if you have a long term illness, you will need to make arrangements for yourself.
Statutory Sick Pay is currently £89.35 per week and is paid for up to 28 weeks by your employer. Employment and Support Allowance, is currently £73.10 per week (£57.90 if you are under 25) for the first 13 weeks and £109.65 per week after that, if you meet the criteria under the Work Capability Assessment.
Professor Mark Woolford, Associate Dean (Education), King’s College London Dental Institute says...
For further information, please read the key features of our dentists’ income protection plan and our rules.
If you have any questions, please contact our member services consultants by e-mailing email@example.com or calling 020 7400 5710.