Dental Tribune United Kingdom Edition

June 13-19, 201114 Money Matters United Kingdom Edition14 page 13DTß policies would payout £2,000 per month for the first six months, then drop to 50 per cent of the insured amount, ie £1,000 per month, after a further six months it will then drop to 30 per cent of the insured amount, ie £600 per month. This is quite an important factor to consider when reviewing an In- come Protection policy. Will £600 per month be sufficient to cover your outgo- ings should you have a long term illness? 4Term of cover The insurer will also have a maximum age at which they will insure you to, typically 55 or 60. Obviously the longer the cover, the higher the pre- mium. 5Cost The cost of a policy can vary hugely; the cost is based on your gender, occupation, general state of health, age, whether you are a smoker and level of cover required. 6Fixed or review- able premiums The monthly pre- mium for the policy can either be fixed, which means that the premium will be fixed for the term of the policy or reviewable premiums which would be reviewed every few years to ensure that the premiums are market related. Reviewable pre- miums tend to be cheaper, however they may be in- creased in the fu- ture. 7Occupation definition It is very important to ensure that your income protection policy has an ‘own occupation’ definition. This will insure that should you be unable to work as a dentist due to accident or ill- ness, it will pay out. There are other policies which will not pay-out if you can do a ‘suited occupation’. For example if you can’t work as dentist but as a nurse, then it won’t pay out as you can do a ‘suited occupation’. The other defini- tion is ‘activities of daily living’ this means that if you can do three out of five daily activi- ties then they won’t pay out ei- ther. The daily activities would be disclosed in their policy schedule. 8Deferred period A deferred period on an Income Protection policy would pay- out the benefit after a deferred period as chosen by you when you set up a policy. These can be from 0 weeks to 24 weeks; a typical deferred period is three months. A de- ferred period could also coin- BioHorizons comprehensive Biologic product portfolio offers a wide range of evidence-based regeneration options to ensure ideal site development. Delivering optimal aesthetics and successful implant placement is the goal of our proven hard and soft tissue products. foundation for optimal aesthetics *Histologic Evaluation of Autogenous Connective Tissue and Acellular Dermal Matrix Grafts in Humans. Cummings LC, Kaldahl WB, Allen EP. J Periodontol 2005;76(2):178-186. MinerOss manufactured by Osteotech. Mem-Lok manufactured by Collagen Matrix, Inc. AlloDerm manufactured by LifeCell. SPMP09095 REV A APR 2009 Biologic Solutions • AlloDerm® – regenerative tissue matrix for use as an effective alternative to palatal tissue for soft tissue augmentation* • MinerOss™ – blend of mineralized allograft cancellous and cortical chips that provide an osteoconductive scaffold for bone regeneration • Mem-Lok™ – resorbable collagen membrane that is cell occlusive and slowly resorbing to promote clot maintenance and bone formation Gingival recession with root surface restorations. Case courtesy of Dr. Edward P. Allen AlloDerm graft placed in pouch and sutured. Complete root coverage at one year postoperatively. For more information, contact BioHorizons Customer Care: 01344 752560 Email: infouk@biohorizons.com visit us online at www.biohorizons.com page 16DTà ‘For example if you can’t work as dentist but as a nurse, then it won’t pay out as you can do a ‘suited occupation’