Dentists Who Invest Podcast

The Top 5 Reasons Dentists Are Overspending On Their Income Protection with Luke Hurley [CPD Available]

Sep 26, 2025
In this engaging discussion, Luke Hurley, an independent financial adviser and founder of Videre Financial, reveals essential insights on income protection for dentists. He highlights the top five costly mistakes dentists make with their income protection policies. Luke emphasizes the urgency of securing coverage early to avoid high premiums and exclusions. He also explores the balance between deferred periods and personal finances, the importance of accurate underwriting, and how to tailor coverage to specific income structures. Don't miss these valuable strategies!
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ADVICE

Buy Early And Review Regularly

  • Do get income protection early once you have a stable income to avoid higher future premiums or becoming uninsurable.
  • Review cover after major life or career events to ensure it still matches your needs.
ADVICE

Fit Policy To Your Pay Structure

  • Match the policy to how you are paid (self-employed, PAYE, or limited company) because insurers treat income differently.
  • Get advice to avoid gaps when earnings are variable or retained profits exist in a limited company.
ADVICE

Pick The Right Deferred Period

  • Choose a deferred period that aligns with any sick pay and your emergency fund to avoid cash-flow gaps.
  • Avoid paying for immediate cover unless you truly need the higher premium for day-one payouts.
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