As an NHS employee your employer provides you with some cover if you are sick or if you die.
If you’re looking for insurance to cover you for health reasons, or you need longer-term protection, here are some of the products that you should consider putting in place whilst taking account of the benefits provided by your employer: -
NHS sick pay depends on your length of service, with the maximum pay entitlement 6 months full pay followed by 6 months half pay for those who have 6 or more years service. An income protection insurance policy is designed to dovetail with your NHS sick pay meaning you are covered if you were to suffer a long-term illness.
The pension accumulated from your service with the NHS offers several valuable benefits to your surviving family members when you die. However the benefits provided might not be enough to completely protect your mortgage liability or loved ones
Critical Illness Cover
Critical illness cover is a type of insurance that offers protection should you fall seriously ill unexpectedly. This type of insurance is not provided by your employer.
Critical illness cover is likely to be helpful if you don’t have enough money saved to fall back on in the event that you fall ill as a result of a specified illness, such as a stroke, some types of cancer and heart attack.
Critical illness cover pays out a tax-free lump sum which you can spend however you like, for things like clearing debt, clearing your mortgage or even adapting your home to meet your needs.
Contact us and we can arrange a suitable time to review your protection needs.