Get low-cost high-quality income protection insurance for nurses from Insured Defense
- Cover from £25 per month
- Insured Defense cover is not available on the comparison sites
- Immediate cover if you are a victim of unfair and constructive dismissal
- You can get a payout just one week after you can’t work
Income protection for nurses If you are a nurse or another medical professional, it can be a very valuable type of insurance.
This guide will help you.
What is income protection?
Why does a nurse need income protection?
What type of income protection should nurses purchase?
What is income protection?
Income protection is an insurance policy that covers you in the event of your income being lost due to any reason. If you have to make a claim on your policy, it will pay out a portion of your salary (usually 50-70% for nurses).
This policy protects you beyond what other options you may have in the event of your income being lost, such as sick pay, savings or relying on others. This policy ensures that no matter how long or severe your illness or injury may be, you will always have income.
Why does a nurse need income protection?
As with everyone else, nurses and medical professionals can become sick at any time during their careers. Because it is a stressful job, you may experience more sickness than the average person. It is important to have a plan to protect your earnings.
This is even more true if you have financial dependents. This means that your income is essential for their well-being. Income protection can be a way to ensure that your financial dependents are provided for even if you are unable to work.
What type of income protection should nurses purchase?
If you are a medical professional who is looking to protect your earnings, it’s a smart idea to consult an adviser. Because your needs may be different from other earners due to your job’s nature and your sick pay entitlement, this is important.
For example, it could be crucial to ensure that you purchase a policy with an ‘own occupation’ definition. This will ensure that the policy pays out when you need it, and not requiring you to change your role if you are able.
An adviser can help you find the best products for you. Many insurers have products that are specifically tailored for doctors, dentists, and surgeons. For example, you can mirror your NHS sick pay and get income protection without HIV exclusions.
If you are unable to work due to health reasons, income protection will cover a portion of your income.
Injuries and periods of illness can affect nurses and other medical professionals throughout their working lives. Income protection protects them from losing their earnings.
Due to their work and existing sick pay entitlements, nurses may have special requirements for income protection.
Some insurance companies offer special products for nurses, such as the NHS sick pay mirroring, sabbatical coverage, and income protection with no needle-stick or HIV exclusions.
If you are a nurse, doctor or another professional who is looking for income insurance, it’s best to speak to an advisor
Different types of nurses:
Certified Midwife Nurse
Critical Care Nurse
1. Certified Midwife Nurse
One of the most fulfilling careers in the nursing industry is midwifery and is the perfect route for those with a caring, empathetic nature. Certified midwife nurses are responsible for caring for both mothers and babies during pregnancy and labour, as well as the first stages of the postnatal period. Not only do they monitor health and well-being but also provide support and guidance on how to tackle life with a newborn.
For many expectant parents, their midwives are often seen as teachers and their first port of call if they have any questions regarding bathing and feeding the baby.
To become a midwife, there are a few options that you can consider. If you are beginning from scratch, then you will need to complete a three-year, full-time midwifery degree. For those who are already a qualified nurse, on the other hand, shorter programmes are available to allow you to begin practising within a shorter period. For more information on the job profile of a midwife-nurse, take a look at the Prospects website.
2. Neonatal Nurse
If you are interested in caring for newborns, yet want to remain settled in one hospital, then you may want to consider neonatal nursing. When a baby is born either premature or suffering from a condition, then they will spend their first few weeks or months in a neonatal and special care baby unit, cared for by a neonatal nurse. The role will include several responsibilities, from preparing medication and recording the care of the baby to supporting the parents.
For parents with a newborn in hospital, this can be an incredibly stressful and worrying time, so a neonatal nurse must be able to provide them with the reassurance that they need.
When working as a neonatal nurse, you must expect varying shift patterns, both during the day and overnight, as the babies in the unit will require 24/7 care. You are likely to work alongside other healthcare professionals such as midwives and dieticians, who will ensure that babies are in the best possible health before being discharged. The NHS North Bristol website has a fantastic page written by Amy, a registered neonatal nurse who runs through a typical day in the role.
3. Paediatric Nurse
A paediatric nurse, also known as a children’s nurse, works with all ages under the age of 18, making it a super flexible role. It comes alongside great employment prospects meaning that from this field, you can then move into many other specialties. Typically, a paediatric nurse will be responsible for assessing the requirements of the child before ensuring that they are paired with the correct level of care.
They will then spend time observing the condition of their patients, recording data such as their pulse and temperature, as well as administering any necessary medication. As every child is different, every decision must take into consideration many factors, including their development, medical history and family circumstances, meaning that you are likely to be faced with tricky situations.
Nevertheless, one of the most important aspects of being a paediatric nurse is the ability to communicate with neonatal units, as parents need to continually be updated on the condition of their child.
4. Critical Care Nurse
Taking on the role of a critical care nurse requires extensive experience in the industry, meaning that it is not a responsibility that you can expect to take on during the early stages of your career. You must already be a registered nurse then complete further training to equip you with the knowledge required to make critical, prompt decisions in fast-paced situations. Patients are likely to be battling life-threatening conditions and will require constant monitoring, as well as specialist treatments.
As a critical care nurse, you will be expected to take a thorough approach to care for patients, completing comprehensive assessments and performing tests.
You will also have to feel confident performing particular invasive interventions, including inserting arterial lines. During each shift, you will be working collectively with others involved in the patient’s care, such as surgeons and intensive care doctors.
5. Psychiatric Nurse
A £ychiatric nurse takes on the role of supporting patients tackling mental health issues, meaning that although it can be incredibly demanding, the position gives you a real chance to make a difference in patient’s lives. As opposed to working with different patients every day, you will spend time developing relationshi£ with individuals, building their trust so that you can gain an accurate insight into their situation.
This will also allow you to identify particular triggers so you can intervene ahead of time.
Working as a £ychiatric nurse means that you have the opportunity to travel across various environments, not only in a £ychiatric ward in hospitals but also in prisons and community centres, for example. You are also likely to find that you regularly visit the home’s of parents to provide support.
6. Income protection insurance self-employed Orthopaedic Nurse
For those hoping to work in a less fast-paced environment, orthopaedic nursing is a fantastic career to consider. As an orthopaedic nurse, your role will be to work with patients to aid their recovery from surgery or an injury. The aim will always be to get the patient back to their daily life as quickly as possible, so it will require you to be hands-on with fitting casts, splints and dressings.
They will look to you for reassurance and advice, so remaining positive and confident will be of utmost importance.
Although, as an orthopaedic nurse, your primary responsibility will be working directly with patients, you will also have to complete paperwork and documentation to keep track of their recovery. This may include ordering additional supplies and materials required to continue your care.
7. Theatre Nurse
One of the most common nursing jobs that we receive vacancies for is a theatre nurse and is a role that can prove incredibly interesting. As a theatre nurse, you will be involved in every stage of a patients surgery, meaning that you will have the opportunity to work in a larger team filled with medical professionals from surgeons and anaesthetists to even healthcare scientists.
On your day-to-day shift, you will guide patients through the four phases of their perioperative care; these are:
Preoperative – This involves an assessment of the patient, running them through what they can expect from the operation, including risks and benefits, answering any questions they may have.
Anaesthetics – You will be responsible for supporting the anaesthetist, as well as preparing aspects such as equipment for the operation.
Surgery – During the surgical phase, you will need to prepare the necessary equipment and be ready to hand these over to the surgeon upon request.
Recovery – When the patient reaches the post anaesthetic care unit, you will need to support them in their recovery, monitoring their condition and providing them with any necessary treatment.
8. Geriatric Nurse
Focused on providing care to the older generations, in particular, elderly patients, geriatric nursing is a broad field that allows you to work in a host of different environments. As opposed to only being based in a hospital, you are likely to find that you will become accustomed to other settings such as care homes, hospices and outpatient departments.
You could also consider working as a geriatric nurse in A&E and acute care wards. You will be working very closely with other teams, whether this may be your patient’s GP, carers or social workers, which means that communication skills will be imperative.
As a geriatric nurse, your ability to remain upbeat and positive will be vital in striving in your role. You will begin to build relationshi£ with your patients, many of which are likely to find the ageing process incredibly daunting. This means that you will need to take a calm, friendly approach to keep them in full health, encouraging patients to remain updated with their medication and be transparent if they are beginning to feel unwell.
More information on what to expect as a geriatric nurse can be found on Every Nurse.
9. Respiratory Nurse
There are a number of respiratory conditions, both acute and chronic, which means that continuous care is crucial in ensuring that the health of patients does not deteriorate. This is where the role of a respiratory nurse comes in, who will be responsible for addressing these health issues and treating patients. They will work closely with patients to monitor their condition, recording any changes and making sure that they are aware of the symptoms that their health is worsening.
From here, respiratory nurses will then begin to piece together a treatment plan, whether this may be medication or devices which will assist breathing.
Much like many of the other specialities discussed, there are several different settings that you can work in as a respiratory nurse. Although many stick to a hospital or clinic, you could consider other environments such as assisted living facilities or private offices.
10. Cardiology Nurse
As a cardiology nurse, you will be working as part of a team that specialises in treating cardiovascular problems, whether this may be through surgery, medication or spending time putting together a lifestyle plan. Your responsibility as a nurse will be keeping track of patients’ medical history and performing tests to diagnose any underlying issues.
You will also spend time with the patient and their family, helping them to understand the nature of their condition and what to expect in the future.
Along with treating patients with a diagnosed condition, you will also care for those who have recently experienced a heart attack, for example or are recovering from surgery.
Again, you will work with patients to piece together a plan of action to keep them healthy after their recovery, modifying their daily life to promote a healthier cardiovascular system and scheduling regular assessments.
Income Protection Insurance For Nurses
This can be a very wise use of your monthly income.
Income protection insurance for nurses
Appealing income protection products are Lloyds regular payments income protection policies, Barclays Bank regular income cover policies, Natwest serious illness income protection insurance products, Legal and General income protection up to your retirement age and Nationwide wider range income protection cover.
Best income protection insurance
Some of the most common waiting periods of TSB mortgage payment protection insurance, Barclays Bank monthly outgoings insurance products, Lloyds Bank lifetime protection insurance, L&G wider range income protection cover, Royal Bank of Scotland lifetime protection insurance and Nationwide Building Society income protection, if you are made redundant, are 25 days, 31 days and 75 days.
Income protection insurance martin lewis
Tough to insure of LVE income protection up to your retirement age, More to Life long-term income protection policies, One Family income protection with short waiting periods, YBS income protection if you are ill or injured, Metro Bank income protection policies and Sun Life income protection peace of mind insurance are 25 days, 21 days and 40 days.
Challenging to cover of Standard Chartered monthly outgoings insurance products, Direct Line accident and sickness insurance products, Sainsburys income protection if you are made redundant, Coventry Building Society 12 months cover income protection insurance, West Bromwich Building Society 12 months cover income protection insurance and Progressive Building Society income protection if you are made redundant are 50%, 60% and 65%.
Difficult to cover occupation variants include Truck drivers, Air ambulance pilots, Festival PR directors, Farming union policy advisors and Production managers and Key person directors in manufacturing.
Challenging to cover occupation types include Senior system engineers, Interpretation officers (zookeepers), electricians, Restaurant assistant managers and Hairdressing and construction managers and proprietors.