Dentists Who Invest Podcast Should I Or Should I Not Get Life Insurance? with Anick Sharma [CPD Available]
Check if your dental practice qualifies for capital allowances here >>> https://www.dentistswhoinvest.com/chris-lonergan
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UK Dentists: Collect your verifiable CPD for this episode here >>> https://courses.dentistswhoinvest.com/smart-money-members-club
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What if the fastest path to financial independence isn’t chasing a bigger pot, but transferring the right risks? We dive into life insurance for UK dentists with specialist adviser Anick Sharma to show how smart cover can protect your family, reduce tax, and keep your investments compounding without interruption.
We start by reframing insurance as the oxygen mask for your plan. Rather than a sunk cost, the right policy ring‑fences the downside so your portfolio stays invested through life’s shocks. That stability narrows assumptions, shrinks the required emergency buffer, and can pull your financial independence date forward. We break down how to size cover for real‑world needs—mortgage, school fees, household cash flow—so a bereavement doesn’t force asset sales or a scramble for income.
Structure is everything. We compare level, decreasing, and inflation‑linked terms, and explain when two single‑life policies beat a joint plan to avoid leaving the survivor uncovered. For limited company owners, we highlight the power of a Relevant Life Plan: employer‑paid, typically deductible, and without a P11D benefit in kind. We also tackle inheritance tax planning and why placing policies in trust can keep proceeds outside the estate and available quickly to your loved ones. Along the way, we pinpoint common pitfalls—only insuring the mortgage, ignoring NHS death‑in‑service, letting premiums drift, or failing to review after major life changes.
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