Having an accident, illness or injury is not something we normally think about. However, on top of the obvious physical and mental effects of being unwell, not being able to complete your education or work could put you under serious financial strain.
If you can’t complete your education and start work because of a permanent illness or injury, you could find that some of the debts you accumulated as a student stop you from being able to make a fresh start in an alternate career. This is where a lump sum benefit payment can help by giving you the financial breathing space you need to start rebuilding your life.
After you finish your education, if you can’t work, you are likely to find that your income reduces or stops altogether, whether from your practice, the NHS or sick pay from your employer. Your bills and other financial commitments, on the other hand, won’t. This is where income protection comes in, by helping to replace the income you lose by not being able to work. It can give you the financial support you and your family need so that you can concentrate on your recovery, however long that may be.
Our plan is designed by experts working closely with experienced dental professionals. So you can be sure that whatever stage your career is at, we have a plan to suit your lifestyle and needs. Our business is based on the simple principle that our members should never have to compromise on levels of service or product quality.
Being owned and run by dental professionals, we do not make profits for anyone else – our profits are only ever used to improve the products, services and benefits we provide our members.
Whether your needs are simple or complex, we are confident that we have a plan for you wherever you are in your career and whatever your budget.
Before the end of your education our Foundation protection plan provides:
|Monthly cover||Maximum proportion of your qualifying income that can be paid as benefits||What your illness or injury has to stop you doing during a claim||Maximum period we will pay your claim||Waiting periods available|
|£1,750||70%||Your own occupation||Until you are 65||
Minimum of 4 weeks during your training.
After your training, your waiting period will be 1 week but you can ask us to change it to 4, 8, 12, 13, 26 or 52 weeks
Key features More detail
We know that as students or newly qualified dental professionals your finances are stretched and our plan offers generous discounts at this stage of your career, so you have the cover you need without it breaking the bank. To find out more about what it costs to protect your lifestyle, please click here.
You can apply for this plan by clicking here. Our online application process is fast and convenient. Once we receive your application, we will call you for a health and lifestyle interview, to collect the information we need to decide on the most suitable terms and conditions for your plan.
You can also apply for our plan through your independent financial adviser.
We are not allowed to give you financial advice, which means we can’t recommend whether or not this plan is right for you. If you don’t have a financial adviser or would prefer to speak to us, we are happy to answer any questions you may have to help you make your own decision.
These case studies are for illustration purposes only and not based on real individuals. They are not designed to provide financial advice, nor are they intended to make any recommendations regarding the suitability of our plans for a particular individual.
Renu graduated from Sheffield last year, and joined us on the Foundation protection plan in her final year after hearing about a friend having to drop out of their degree after being involved in a rugby accident. She joined the Wythenshawe FD scheme and is enjoying her time in a small mixed practice. Her Foundation protection plan now covers her foundation earnings and she pays a discounted premium of £3.50 a month.
Tom was just over two years into his training at a London school when he was advised by one of his lecturers to take out income protection as he is a keen team sportsperson. He took out our Foundation protection plan and was paying £3.50 a month. Last season he had a nasty tackle while playing rugby which damaged the tendons and ligaments in his hand and wrist. After surgery and further complications he was devastated to learn that his injuries were too severe to continue a dental career and he had to drop out of his degree. We paid him £45,000 to help him clear his outstanding financial commitments and plan an alternate career.
Sam is a foundation dentist in a large practice in Maidstone. His course director recommended he join, as he is a keen triathlete. He was out on a training ride in London with a few teammates from the triathlon club when he got knocked off his bike. His foundation pay stopped after one month and we paid £1,750 a month for the next two months as he recovered from a broken pelvis.
Helen is a dental student in Manchester. She has lots of colleagues in the dental school who she has seen have to take time off for injuries. She signed up for our Foundation protection plan in her final year as she is worried about anything happening to her as she has a small child and taken on a lot of debt to fund her studies. She pays £3.50 a month for this cover and could get £45,000 if an illness or injury permanently stopped her from completing her education and start working.
We are owned by our members. This means that your interest always come first and never more so than when you need to make a claim. Our claims process is simple and easy. Once you have completed your claim form, simply ask your doctor to complete the confidential medical certificate at the back and then return your fully completed claim form to us along with the evidence of your income, if you are claiming after the end of your education. If you need help our claims team is only a phone call away.
As a member, in addition to your cover, we support you with access to information and guidance from relevant, reputable third parties to help in your practising and personal life. Whether it’s advice on posture and back care, offers for ergonomic equipment, complimentary preventive care, exercise classes and techniques or reduced prices for lectures, we want to support your health and wellbeing throughout your membership.
We regularly produce publications, with valuable third party offers, information, news and articles. For more information about our exclusive member benefits, please see our member benefits page.
We want you to be happy with your plan and our service, but sometimes we may not live up to the standards we set ourselves. If that happens, please let us know and we will work hard to resolve the situation as quickly as possible. If you are still not satisfied with how we have dealt with things then you can go through our formal complaints process.
If you have a complaint, we will acknowledge it in writing within five working days of receiving it. We aim to resolve all complaints within four weeks, however sometimes this can take longer. If this happens, we will write to you to explain the reason for the delay and provide an indication of when you can expect our decision, along with details of the options available to you.
If you are not satisfied with our final response, you can choose to either refer the matter to our panel of independent arbitrators or the Financial Ombudsman Service
The contact details for the Financial Ombudsman Service are:
Financial Ombudsman Service
Phone: 0800 023 4567 or 0300 123 9 123
Complaining to the Ombudsman will not affect your legal rights. For further information about your legal rights, please contact your solicitor or the Citizens Advice Bureau.