Income protection, (sometimes called disability income insurance) seems easy to understand on the surface: you pay a premium, and if you become disabled, the insurance company replaces your income.

It may surprise you but the best place to start is not with discussion of long-term disability insurance options. Instead let's begin with a brief overview of locums risks and needs. This self-education should always begin with an assessment of reality: what are your personal reasons for needing income protection? What are your chances or risks of becoming disabled? What other factors should you consider?

Locuming has a high risk of accident and illness that could affect your ability to work. For instance, musculoskeletal disorders such as neck and back pain, due to positioning at work are prevalent. According to reports from the Association of British Insurers, claims for these issues were the main cause for an individual income protection claim, a 9% increase from 2021 accounting for 34%. 2022 was the second year in a row that musculoskeletal issues were the leading cause of claims.

Imagine if you had a machine in your basement that spit out £70,000 a year. Would you insure that machine? Of course you would! Well, you are that machine, so why wouldn't you insure yourself?

The reason why you get income protection is to safeguard your standard of living and quality of life. Many locums say they feel invincible once they have set up their income protection policy. They know that if anything were to happen to them, they and their family are protected.

They won't have to worry about how to pay bills and how they are going to maintain the same level and standard of living they have been accustomed to.

This coverage is just one of many ways a locum can take steps right now, today, to make sure you and your family are taken care of down the road should anything happen and prevent your ability to work.

Have specific questions about your income protection needs?

Call me at +447491 280562 or schedule your complimentary, no obligation 15-minute call at calendly.com/etochi-uzoagbara-accessfs/15min