Tailored to your career
We provide tailored income protection for doctors and dentists. Wesleyan Financial Services can provide a broker service* for teachers, too.
Designed to dovetail with your sick pay scheme, our income protection plan keeps the money coming in when you’re off work through ill health. It’s the five-star plan that gives proper peace of mind.
* Wesleyan Financial Services is a broker. Insurance products are provided by a number of selected insurers.
There’s no right age to take out income protection. Illness and injury can happen at any age. However, as the cost of buying income protection is based on the age you are when you take out your plan, the sooner you take it out, the lower your premium may be.
To see how likely you are to suffer from an illness or injury before you retire, you can try our health risk calculator.
If you’re a medical or dental student, you can take out your income protection with Wesleyan while you’re still studying. We’ll pay your premiums for your final year of study, and subsidise your premiums going forward.
Our income protection plan is designed to be flexible enough to start paying you a replacement income once your employer’s sick pay reduces or stops – but if you’re self-employed or in a partnership, you can set the deferred period yourself.
In other words, if you don’t have any sick-pay provision, you can choose to have the plan pay out as soon as you’re forced off work.
The amount of benefit you get will depend on the level of cover you take out. However, there are some maximum limits. For doctors and dentists, the maximum pay-out is £4,000 per week. For other occupations, it’s £2,500 per week.
In terms of how long you receive it for, it’s up to you. The standard benefit payment period is 2 years, but you can extend this to 5 years or to a period that takes you right up to your ‘plan end age’.
Your plan end age is the age at which your cover will stop. You can always change this later down the line.
To successfully claim benefit under your income protection plan, your illness or injury must prevent you from fulfilling your role. By this we mean that because of your illness or injury, you are totally unable to carry out your essential duties. Essential duties are those that cannot be left out without affecting your ability to do your job.
We’ll always need to see a medical report from your doctor before we can pay out, and sometimes we may require you to provide more details or evidence too. There’s more detail on how we assess your claims in the Key Features Documents.
For more information on our income protection plan, please take a look at the documents below: