Dental Tribune United Kingdom Edition

13Money MattersJune 13-19, 2011United Kingdom Edition 13 I ncome protection provides you and your dependents with protection should serious illness or incapacity af- fect your ability to work and cause you financial hardship. It provides you with a regular tax free income. Income pro- tection can cover employed or self employed dentists. The market has a variety of income protection policies for dentists, all with their own criteria, fea- tures and incentives. Some of the important options to con- sider when looking for a policy are: 1Do I need it? If your answer is no or maybe, then you need to ask yourself some further questions: • If you fell ill, will you still re- ceive a percentage of your in- come indefinitely? • If not, and you are a part of a couple, could you pay the bills and live off your partner’s in- come indefinitely? • If not or you are single, do you have savings you could live off indefinitely? 2Amount Most providers will only insure you for a percentage of your income; typically 50 to 60 per cent of your income. So, for ex- ample, if your net income is £100,000 per annum, you would be covered for £60,000 or £5,000 per month. The insurer may also have a maximum amount that may be insured per month, so even if £5,000 per month is the 60 per cent limit, they may have a limit of £4,000 on their criteria. 3Pay-out amount The amount the policy would payout depends on the type of cover you have selected or been recommended. You can ei- ther get a fixed payout, so if for example you insure yourself for £2,000 per month it will pay- out £2,000 per month until you are able to return to work. Other Income Protection – Is your cov- er appropriate for your needs? Dino Charalambous discusses things when looking at income protection page 14DTà ‘Income protection provides you and your dependents with protection should serious ill- ness or incapacity affect your ability to work and cause you financial hardship’ Bien-Air UK Limited Arundel House Unit 1 - Ground Floor Amberley Court Whitworth Road Crawley, West Sussex, RH11 7XL Tel. +44 (0)1293 550200 Fax +44 (0)1293 520481 ba-uk@bienair.com www.bienair.com Micro-Series: welcome to a new dimension. 30% shorter and 23% lighter, Micro-Series offers perfect balance, exceptional power and versatility. The new Bien-Air Micro-Series offers ultra-short contra-angles and straight handpieces combined with the new state-of-the-art MX2 LED micromotor. With its ultra-compact size, the MX2 offers the same per- formance as our world leading MX micromotor. This includes power, versatility, and perfect speed control, as well as auto-reverse and torque limitation capabilities ideal for endo. Micro-Series: welcome to a new dimension. Micro-Series Turbine Standard version MICRO-SERIES COMPACT & POWERFUL 110047 MS_boxe_UK A4_Mise en page 1 09.02.11 08:39 Page1