Bespoke life insurance for Nurses
As a nurse, you spend your life looking after others. But do you have the right financial protection in place that you deserve?
There are a number of scenarios in which you might find yourself in need of nurses’ life insurance. It’s possible that you’re in search of a safety net to protect your loved ones financially, or that you require an income protection plan to prepare for the worst. Find the best life insurance policy for your situation with our help.
The Insurance Surgery
- Voted Best life and protection broker 2022
- Rated 5* on Trustpilot and Feefo
- Access to high street and independent insurers
- 20 years’ experience & price match promise
We can find exclusive life insurance deals for Nurses
Nurses know better than anyone how quickly your health can deteriorate after receiving a diagnosis. We often talk to nurse practitioners to find bespoke life insurance policies that promise to provide long-lasting protection.
At The Insurance Surgery, we want to help our customers find the best insurance plan for them. We work with insurance companies all over the UK. Some of these companies you may have heard of, and others may be less well known but offer exceptional policies. Our relationships with a wide range of insurance providers means you have more choice than anywhere else, even more than insurance comparison websites.
We don’t offer online life insurance quotes for one simple reason.
You are worth more than an online algorithm.
You deserve to benefit from the right life insurance policy that will protect your family.
That’s why we take a personal approach to our life insurance quotes.
Our quote process happens over the phone so that we can talk to you directly and find what protection you already have in place and what further protection you want. Once we know more about you, we can recommend life insurance policies that meet your needs and will give your loved ones a good safety net.
Life Insurance for Nurses
Life insurance for Nurses
The great thing about life insurance is that, nowadays, anyone can get a policy these days. You can get long-term financial protection no matter what your health is like, how old you are, or what you do for a living.
But nurses across the UK choose us to get them life insurance because we take the time to get to know you and figure out what protection you and your family need.
If you’re a registered nurse, a nursing practitioner or a midwife, we know you’ll probably be employed by the NHS. In which case, you’ll likely have some decent financial protection in place courtesy of the NHS “death in service” benefits. This means that if you die before you reach retirement age, your family will get a lump sum. But you have to pay into an NHS pension every month to be eligible for this.
Perhaps you’re working as a locum nurse. Although you’re working within NHS contracts in these scenarios, you won’t be eligible for the same benefits as some of your coworkers. So, you might be looking for ways to protect yourself.
We understand this.
And it’s because we pay so much attention to detail that so many nurses come to us to talk about their life insurance needs.
Many nurses ask us for a life insurance quote because they know how quickly a person’s health can get worse.
Our mission is to ensure you have everything set up correctly so your family will always have enough money, whatever happens.
What does life insurance for Nurses cover?
Having life insurance can help your family out financially if you pass away suddenly or are diagnosed with a terminal illness.
As a nurse, you know better than anyone how quickly your health can deteriorate or how an accident or injury can change your life. Because of this, many nurses take out critical illness or income protection plans in addition to their life insurance.
Our advisors can talk to you about single policies or combined plans that complement one another. We focus on maximising your safety while minimising your premiums.
As a nurse, you can use your life insurance for several reasons:
- It can supplement any eligible death-in-service benefits or give you financial protection if you’re not eligible for NHS benefits.
- It assures you that your loved ones will be provided for in the event of your death.
- You can get critical illness insurance and an income protection plan at the same time – often for just a few extra pounds a month.
- You can leave your loved ones an inheritance.
- Any life insurance payout will be tax-free. The money can be used for anything from paying off debts like a mortgage or rent to simply maintaining their current lifestyle or saving for the future.
Our trained life insurance agents are here to help you and your family weather any storm. We’ll do whatever it takes to find you an affordable life insurance policy that fits your budget. With our price promise, we guarantee that you won’t be able to find a better price anywhere else.
What’s more, we offer an exclusive discount for [blue light card holders]
Then, if your family needs to make a claim, our advisors will help make the process as easy as possible. We’re here to answer any policy questions and help you find the right forms. Whatever you need, we’re here to help.
You deserve a bespoke approach to nurses’ life insurance
Nurses have been coming to us for years for help with their life insurance needs because they know we will always be on their side.
We pay close attention to your worries about your financial future, and then we make sure that our life insurance quotes are right for you. We don’t just look for the cheapest life insurance for you and your family. Instead, we look for the right protection for you and your family.
Our dedication to finding you a life insurance provider that will look out for your best interests has earned the trust of nurses across the UK. For over twenty years, we’ve built our reputation on only ever recommending reliable life insurance companies that have a long history of paying claims quickly, with minimum fuss. With our attention to detail, we make sure that your potential policy will work out the way you want it to.
Ensuring you understand the terms and conditions of your life insurance policy
When you work with your patients, you know that they might be scared or unsure of what to expect from their treatment plan. You’ll naturally take the time to make people feel comfortable and know what to expect.
Our role isn’t as crucial as yours.
But our advisors do take the same approach.
If you’re thinking about taking out a nurse’s life insurance plan, it’s because something has made you think about your financial priorities. You might have worries or concerns in the back of your mind or you might not be entirely sure what you’re looking for. Perhaps you’re taking out an insurance plan as a condition of a new mortgage offer.
We promise to make you feel at ease from our first conversation. We’ll never assume that you know what you’re looking for or how you want your plan to pay out.
Our approach is to make sure that you understand how life insurance works and how it will protect your family. We’ll go over the policy with you and make sure you understand what it covers, and what it doesn’t. We’ll answer any questions you have and give you all the facts to make an informed choice.
We can even discuss how you want your nurses’ life insurance plan to pay out and whether any named beneficiaries should receive the money.
Are nurses seen as having a high-risk job?
Insurance costs are based on a lot of different factors, so we don’t use online insurance calculators that don’t understand the nuances of the nursing profession.
For example, your life insurance price could change depending on your age, health, medical history, level of cover, and job role.
You might be curious about whether or not being a nurse puts you in a high-risk group. After all, you’re working directly on the frontline with patients, some of whom may have highly contagious illnesses. You might or might not have the right PPE. If you are a mental health nurse, you may be working directly with patients suffering from complex issues, and you may have been in situations where your own safety was in danger.
We are the insurance broker of choice for nurses all over the UK because we understand what they do.
We understand that the nursing job role of a mental health nurse is hugely different to a paediatric nurse. And that a Band 5 nurse working in A&E has different risk assessments to a Band 9 consultant-level nurse.
When you talk to one of our advisors about your nurse’s life insurance, we might ask you questions about your job role. This helps us figure out how much risk you pose and find the right level of protection for you.
For example, we may need to know the following:
- Do you ever have to worry about getting hurt?
- Do you have any potential exposure to infectious diseases?
- Do you ever have to work overnight?
- In a typical week, how many hours do you work?
Hearing people’s stories about what they do for a living is always interesting. This information helps us ensure that we match you with the right insurance provider.
How much does a nurse’s life insurance cost?
As we’ve already said, there is no set price for life insurance because your premium depends on so many different things.
But it worries us when nurses choose the cheapest policy they can find on a site like Go Compare or Compare the Market, because you might not be comparing like-for-like policies. You might have a policy price, but if you’ve not talked to a life insurance advisor, it might not be the best plan for you.
You want to find a cheap life insurance plan with low monthly premiums.
We get that.
No one wants to pay more for insurance than they have to, especially when money is tight.
Luckily, with our life insurance price protection promise, we can make sure you won’t find a better price anywhere else.
So, how much does it cost for a nurse to get life insurance?
Here’s a hypothetical breakdown.
Nurse’s life insurance example cost #1
Faye is 45 years old. She’s seeking a 25-year policy with a maximum payout of £250,000. She has two children that she would also like to protect with critical illness cover.
Her monthly premium would be £27.85 to protect just her or £32.33 if she chose to add child critical illness cover to her policy. This means if either of her children were diagnosed with a critical illness, she could take time off work to look after them with no financial worries.
Over 25 years (which would take her to retirement age), Faye would pay out £386.76 per year, or £9,669, in exchange for a potential £250,000 payout.
Nurses’ life insurance example cost #2
Lucy is 25 years old and has recently qualified as a nurse. She is a single parent to one child and wants financial protection to ensure that her son is financially secure should something happen to her.
For just £6.49 per month, Lucy could receive financial protection worth £250,000 over 25 years. Like Faye, she could add child critical illness cover to her policy, taking her monthly premium to just £11.77.
This is the equivalent of just two takeaway coffees per month.
With this policy, Lucy would pay £141.24 per year, or £3,531 over 25 years, for peace of mind that her son was financially protected.
£11.77 | 25 years | £250k payout
Income Protection for Nurses
Income protection for nurses
Without the hard work of nurses like you, our National Health Service would not be around.
We really appreciate and value the work you do.
Luckily, NHS employees can get up to six months of full pay and six months of half pay if they are ill and doctors say they can’t work. This is very generous, but your right to it may depend on how long you’ve worked for the NHS (as per Agenda for Change).
Would you be able to keep up with your bills if you became ill or injured and could not work for an extended period? You might want to think about getting a nurse’s income protection policy if you don’t get sick pay from the NHS or if you need additional financial support.
Income protection payouts are an insurance plan that can give you a steady income and protect your savings.
Scarily, a lot of Brits depend on their employers enhanced sick pay policies or their legal right to statutory sick pay to get by when they can’t work. Most likely, you won’t be able to get these benefits if you work as a locum nurse. You will be considered self-employed and get paid through your own limited company or an umbrella company
Therefore, an income protection plan is essential for locum nurses.
But nurses’ income protection plans are not just about the short term.
They are also about protecting your long-term financial security.
If you got sick or hurt and were told by a doctor that you couldn’t work again, your income protection plan could pay you a percentage of your nursing income until you reach retirement age (or the end of your policy term).
In our view, income protection insurance is about risk management.
For just a few extra pounds a month, you could make sure that you and your family have enough money to cover any unexpected expenses.
Our income protection plans for nurses are designed to give you peace of mind that your money will be taken care of in almost any situation.
How does income protection for nurses work?
If you’re looking for a nursing income protection policy, it’s because you want to safeguard your salary.
- Salary protection insurance will cover you for many physical and mental illnesses.
- Receive 50-70% of your salary until you are medically fit to return to work.
- If you are signed off work indefinitely, you could benefit from an ongoing income until your policy ends or you reach retirement age (whichever comes first)
- Make as many claims as you need during the policy period.
If you work for the NHS, you can get a payment for income protection along with your NHS occupational sick pay policy (potentially giving you six months of full pay). This is because income protection is a private insurance plan that can payout at the same time as any occupational sick pay policies from your employer.
It’s a must-have for locum nurses. Your income protection plan will give you a steady income until you are healthy enough to start your next locum contract.
We don’t want you to need to use your insurance to protect your income.
We want you to fly high for the rest of your career; salary protection will help you do that.
Why buy nurses’ income protection from The Insurance Surgery?
Nurses from all over the UK talk to us about their options for income protection insurance because they know we will give them good, honest advice.
From the start, we’ll find out what protection you already have (such as the NHS occupational sick pay policy) and talk to you about when you want any income protection plans to pay out. For example, you won’t need an immediate payout if you have a full pay policy. For example, if you have a full pay policy, you won’t need the money right away. But if you switch to 50% pay after six months, this could be a good time to use your protection plan to make up the difference.
Our team will talk to you about your income and expenses, and together we can work out how much income protection you need to keep up your standard of living.
Nurses come to us because we pay attention to the little things.
We go the extra mile to treat you as a unique person.
What’s more, our income protection specialists will do all the research to make sure that we only recommend insurance companies that we know will pay out when you need them to.
And as with our life insurance support, we’ll always be there to talk you through the policy terms and conditions and give you any help you might need when making a claim.