Income Protection for Healthcare and Veterinary professionals
What would you do if you couldn’t work because of illness or injury?
Sickness or injury can affect any of us of at any age and at any time. In fact, a record number of 1 in 16 people are off work long-term in the UK.
Imagine if that were you
You may get sick pay from your employer for a short amount of time, or if you are self-employed with no sick pay you may have some savings set aside. But what happens next? Your mortgage, bills and essential outgoings – How would they all be paid?
That’s where Income Protection Plus comes in
PG Mutual’s Income Protection Plus provides you with a financial safety net for times like these. It can pay you a regular income until you are well enough to go back to work or reach the age of 65, plus provides you with additional support services to help you live a healthier life as well as get you back to fitness and the job you love sooner.
Is it worth taking the risk of not having Income Protection Plus?
How Income Protection Plus works
Protecting your income is quite straight forward
You pay a monthly premium and if you become too ill or injured to work, we can pay you a monthly income of up to 70% of your pre-tax income until you sufficiently recover, or reach age 65, whichever comes first.
That means you don’t need to worry about your finances and can just concentrate on your recovery.
Why choose PG Mutual?
PG Mutual was set up by pharmacists back in 1928. We understand the healthcare market as we’ve been doing it for almost 100 years.
We now support all types of healthcare and veterinary professionals whether full-time, part-time, locum or self-employed, and we pride ourselves on our service levels and support services.
We’re a not-for-profit mutual, wholly owned by our customers. We are therefore accountable to you, and only you.
PG Mutual’s Income Protection Plus plan also includes a profit share feature that aims to build a cash lump sum over the life of your policy for payment to you in your retirement years, whether you claim or not.
Income Protection Plus
for healthcare and veterinary professionals
PG Mutual specialises in offering Income Protection to healthcare and veterinary professionals whether they are full-time, part-time, locum or self-employed.
We understand our market inside out as we’ve been doing it for almost 100 years.
-
Doctors and Healthcare Professionals
As a healthcare professional, you’re constantly busy looking after others. You will want to be sure you have an income protection plan that can take care of you. That’s where PG Mutual’s Income Protection Plus plan can really help.
-
Nursing Professionals
Many people think they can rely on a spouse or family member if they need to take time off work due to illness or injury, but it’s a lot to ask of someone to cover your salary. At PG Mutual we are specialists in supporting nursing professionals just like you when you need it the most.
-
Pharmacists
The role of today’s pharmacist is one of constant change especially with recent initiatives such as Pharmacy First. At PG Mutual, we understand the market and are constantly evolving to meet the needs of pharmacists just like you.
-
Dental Professionals
Nowadays employer’s sick pay doesn’t necessarily cover the entire time you may need to take off, and often it’s too much to expect a spouse or family to cover the shortfall. At PG Mutual we can help keep you going financially over periods spent out of work whether short or long- term.
-
Optometrists
and OpticiansAt PG Mutual, we specialise in supporting opticians just like you. You will want to be sure you have an income protection plan you can tailor to suit to your needs and that’s where PG Mutual’s Income Protection Plus plan can really help.
-
Veterinary Professionals
Whether you are looking after the biggest of animals or the smallest of pets we know that a kick or bite can put you out of work for weeks or months. At PG Mutual we help cover your income if you are unable to work because of illness or injury and could support you with the right rehabilitation programme to help you get back to the job you love.
-
Locums within Health
and Veterinary careWe know how important locums are across the wide world of healthcare, and we are also aware that your needs are specific and often different to those of employed staff. At PG Mutual we believe that locums deserve all the cover and support enjoyed by employees. So we have created a solution that is flexible and controlled by you.
-
General Practitioners
With all the changes happening in GP working practices you will want to be sure you have an income protection plan you can tailor to suit to your needs. That’s where PG Mutual’s Income Protection Plus plan can really help.
How Income Protection Plus has helped members
Names have been changed but these are real examples.
Back in 2017 a stable wall fell upon Dave while he was treating a sick horse causing him extensive injuries. Dave had to be off work for 2 years.
Over those 2 years PG Mutual paid out 100% of his covered income and it meant Dave could maintain his lifestyle and pay his bills, letting him concentrate on his recovery. We also supported Dave with a specialist rehabilitation programme to help get him back to work, at no additional cost to Dave. He is now back at the job he loves and continuing his career.
Bijal had been working as a GP, both privately and for the NHS. He was in his mid-thirties and his wife was expecting a baby when he was diagnosed with a progressive neurological disorder which slowly reduced his ability to work, before having to stop working entirely.
Initially, for the first six months, he was covered partly by the private practice and partly by the NHS, but he was soon in a position where these payments came to an end. As a member of PG Mutual he then started claiming his income protection benefit of £4,000 per month and, as he had chosen Level Benefit, will continue to do so until he reaches the age of 65.
Anna was only off work for a few days with Gastroenteritis but being self-employed this meant losing her income.
Without having Income Protection Plus she would have had to dip into her savings to pay her bills but thankfully, due to her claim being paid by PG Mutual, she didn’t need to.
