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Doctors and Surgeons cover: Sick pay guarantee

We've made it easier for you to recommend Income Protection to your clients who are doctors and surgeons with the LV= NHS Sick Pay Guarantee.

If your client is directly employed by the NHS, simply select a 12 month waiting period for their Income Protection policy, and if they claim we'll pay out early based on how long they have been working for the NHS at the time. Unlike some other providers in the market we will pay 50% of your client's Income Protection benefit when they go on to reduced NHS sick pay. We will then pay 100% of their Income Protection benefit once their NHS sick pay stops.

Length of NHS service

LV= Sick Pay Guarantee 50% of monthly benefit after...

LV= Sick Pay Guarantee 100% of monthly benefit after...

Up to 4 months

N/A

1 months

Over 4 months and up to 1 year

1 months

3 months

Over 1 year and up to 2 years

2 months

4 months

Over 2 years and up to 3 years

4 months

8 months

Over 3 years and up to 5 years

5 months

10 months

Over 5 years

6 months

12 months

Client Scenario

Here's an example of how the NHS Sick Pay Guarantee works:

Male icon of a doctor

Raj has worked as an NHS doctor for four years and is earning £60,000 per annum. His adviser picks the full 60% of pre-tax income allowed £36,000 / £3,000 per month as his income protection benefit, with a 12 month waiting period.

For the first five months he gets his sick pay from the NHS (100% of his post-tax income). Then for the next five months he gets 50% of his post-tax income (half pay from the NHS) plus 50% of his LV= Income Protection benefit (£1500).

Although it’s more than the 60% of the income limit allowed (£1,500), we don’t make deductions for the continuing sick pay that he is receiving from the NHS. After ten months, Raj’s NHS sick pay stops and we’ll pay him 100% of his Income Protection benefit, £3,000 a month.


More great features

  1. £3,000 Benefit Guarantee
  2. Sabbatical break cover
  3. Working abroad
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Contact us about Income Protection

Quotes and questions: 0800 678 1890
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FOR UK FINANCIAL ADVISERS ONLY
LV=, County Gates, Bournemouth, BH1 2NF, UK