From a locums perspective, objective professional advice must be sought to avoid underinsurance or not having appropriate riders. There are many riders (I.e, policy features). I can explain a few, such as Indexation, waiver of premium, and children's benefit.

Indexation is a system that includes cost-of-living-adjustments, which allows you to increase your cover to keep up with inflation. Indexation could allow your benefit to be increased at a maximum annual rate of 10% per year.

Waiver of premium or premium protection clause is an optional add-on means that if you make a claim, you won't have to pay further premiums while you're receiving benefits. A waiver of premium can only be added to a new policy, not an existing one.

The children's benefit is an optional add-on to income protection cover that allows you to insure up to £100,000 for your children.

Beware, customising the parameters on your policy will make a difference in the premiums (and benefits). Two factors are especially important here: first, to determine what most want in a policy and the premium that you can afford and will want to continue to pay each year, and second, to use those parameters to guide your decisions.

Got specific questions or want to know more? I'd love to hear from you, email me at [email protected], call me at +447491280562 or schedule a free call at calendly.com/etochi-uzoagbara-accessfs/15min