That’s why it’s vital that you have life and critical illness insurance to protect your income and your family financially in the event of you becoming critically ill or passing away.

Here at MPI Online, we have over 30 years of experience working in the insurance industry and have unrivalled knowledge of the medical sector, thanks to our previous experience working for the British Medical Association (BMA).

However, finding the proper illness and life insurance product that provides you with the level of cover that you need can be confusing for anyone. When you are a doctor, this can get particularly complicated as it is likely that you are eligible for employee benefit schemes, which can leave you unsure of what cover you need, if any.  

If you pay into an NHS pension scheme, you are entitled to a death in service benefit. In this case, your loved ones will be paid a lump sum that is a multiple of your annual salary, depending on which scheme you pay into.

While it is reassuring to have benefits like this in place, the money received probably won’t be enough to cover all of your loved one’s financial commitments after you are gone. For a doctor working privately, this is even more important as you may not be entitled to this benefit, so you may need a higher level of cover to ensure your loved ones are taken care of. 

This is why additional personal cover is so vital for your peace of mind, knowing that your family won’t have to face any financial burdens without you providing for them.

Talk through your life insurance options with MPI Online today!