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
If you are a company director or self-employed nurse you can get different coverage. Income protection insurance in the UK cost is £30 a month.
What is income protection insurance?
Income protection insurance provides financial security in the event of an illness or injury that prevents a person from working. It typically pays out a monthly benefit, up to a set amount, until the policyholder can return to work or retire, whichever comes first.
Why do nurses need income protection insurance?
Nurses have one of the most physically demanding careers and are, therefore, more likely than other professionals to face work-related injuries or illnesses. In addition, nurses often have several dependents, such as family members, for whom they are financially responsible in case they become too ill or injured to continue working as nurses.
What are the benefits of income protection insurance for nurses?
An income protection policy will provide financial stability for nurses, knowing that their bills will be met if they cannot work due to illness or injury. This can be particularly reassuring for those who rely on their salary to support their family and dependents.
How much does income protection insurance cost for nurses?
The cost of an income protection policy for nurses will depend on age, occupation, health history and smoking status. As nurses are considered higher-risk professions compared to other jobs, this could mean paying slightly higher premiums than someone who does not have such a physically demanding job as an electrician or IT professional.
What should nurses look for when choosing an income protection policy?
When choosing an income protection policy, nurses must consider how long they need coverage and what exclusions apply to avoid inadequate coverage in case of unforeseen accidents or illnesses. It’s also worth checking what extra features are included in the policy. Some providers offer additional benefits, such as access to counselling services and support groups, which may be helpful during medical hardship and stress.
How can nurses get income protection insurance?
Nurses can take out individual policies directly with insurers or through their employer if they offer group cover as part of their employee benefits package. Shopping around before deciding helps them find the most suitable coverage at the best price available and tailored to their specific needs.
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%.
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