16/06/2025
3 benefits of financial protection for healthcare workers
While you’re busy helping others, who’s helping you? Working in healthcare is all about overcoming challenges and doing everything you can to help those in need. You dedicate your life to other people, but it’s just as important that your safeguard your financial wellbeing. Whether you work in public or private healthcare, you’re newly qualified or a seasoned veteran, financial protection acts like a safety net for when life takes an unexpected turn. That means you spend less time worrying about money and more time focusing on what you do best.
Is financial protection worth it?
Protection pays out if you can’t work, get diagnosed with a serious illness or pass away. It won’t stop these things from happening, but it can help minimise financial stress and make it easier for you and your family to focus on recovery. The good news is that protection almost always pays. In 2023, insurers paid out £7.34bn with an average acceptance rate of over 98%. You could use the money from a successful claim to smooth out immediate financial difficulties or help create long-term financial security for your loved ones.
3 reasons to consider financial protection
It covers essential spending if you can’t work
Long shifts, high-stress situations and exposure to unwell patients can put you at greater risk of developing health problems that compromise your ability to work. Income protection provides a vital lifeline by covering a portion of your salary if you’re injured or unwell. That means you can focus on getting better without worrying about rent, utilities or groceries. Our expert protection advisers can build options around your existing sick pay, so you know you're covered no matter what comes your way.
It supports you through serious illness
A cancer diagnosis, heart condition or stroke don’t just affect your physical health; they could bring large, unexpected expenses too. You may have seen firsthand the impact of conditions like these on your patients, so you know what it means to live with them. Critical illness cover pays out a lump sum if you’re diagnosed with a serious health condition, giving you greater control over your recovery. You could use the money to fund specialist treatment, pay for care or simply help your family take time off work without added financial pressure.
It increases your financial resilience
Many health workers are at heightened risk of financial insecurity. The average yearly salary in the UK was just under £37,500 in 2024, but that drops to £33,000 for a nurse and just £25,000 for a care worker. Financial protection helps you prevent a setback from becoming a crisis. Instead of relying on savings to cover an unexpected financial shock, you can use the payout from protection to help you recover faster without compromising what you already have.
We’re on call for all your protection needs
We offer flexible, affordable financial protection from some of the UK’s biggest household names, like Aviva, LV= and Royal London. Cover starts from less than you think, and our expert protection advisers can help you build a protection plan that fits around your existing arrangements so you can focus on your vital, life-affirming work.
Find out how we can help you stay financially fit.
Owl Financial is a trading style of Openwork Limited, which is authorised and regulated by the Financial Conduct Authority. Approved by Openwork Limited on 28/04/2025.
