Less hibernate, more activate
15/07/2025
12 Stirling Highway
Nedlands WA 6009
Wealth and Income Protection Insurance
Why Income Protection Insurance Matters for Medical Professionals
Whether you are a doctor, dentist, surgeon, or medical professional, your ability to earn an income is your most valuable financial asset. Years of study and hard work have built your career, but illness or injury can quickly disrupt your ability to work and impact your financial stability.
Income protection insurance provides ongoing financial support if you are unable to work as a result of injury or illness. It provides regular monthly payments based on your income, helping you meet your financial responsibilities and focus on recovery without financial pressure.
We specialise in insurance solutions tailored specifically for medical professionals. Our experienced advisers can help ensure your income is protected, developing an insurance solution with policies designed to match your career and financial goals.
At AMA Financial Planning, we are proud to be a PPS Mutual accredited adviser. This gives eligible professionals access to exclusive life insurance products tailored to the needs of medical professionals and other high-income earners.
Income Protection Insurance for Doctors
Income protection pays an ongoing monthly benefit based on a percentage of your income. This cover is essential if you cannot work due to illness or an accident. It helps you continue to pay your mortgage, bills, and everyday expenses so you can focus on recovery rather than finances.
At AMA Financial Planning, we tailor income protection insurance for doctors, dentists, and other medical professionals. Our solutions are designed to support your lifestyle, secure your finances, and fit your career stage.
To obtain a quote or hold a discussion with one of our advisers, please complete the Wealth and Income Protection form below:
Life Insurance for Long-Term Protection
Life insurance, often called Death Cover, provides a lump sum payment to your estate or nominated beneficiary in the event of your death or a terminal illness diagnosis. This support can help your loved ones settle large debts, like a home loan, and maintain their financial security.
This cover is especially important for medical professionals who often carry significant responsibilities and financial commitments. With the right policy, you can ensure your family is protected if the unexpected happens.
Total & Permanent Disability (TPD)
Total and Permanent Disability (TPD) insurance provides a lump sum payment if you become totally and permanently disabled and cannot return to work. This type of cover is designed to provide financial relief when facing a life-changing medical condition.
It can be used to pay off debts, cover medical and rehabilitation expenses, or fund necessary lifestyle adjustments. At AMA Financial Planning, we help ensure your TPD cover matches your current financial responsibilities and future needs.
Trauma Cover
Trauma insurance, also known as critical illness cover, pays a lump sum if you are diagnosed with a serious medical condition such as cancer, heart attack, or stroke. It provides immediate financial support during your recovery.
This payout can be used for urgent treatments, specialist medical care, or everyday costs. It gives you the freedom to focus on getting better without worrying about money.
We help doctors, dentists, and other professionals choose trauma cover that complements their existing protection and offers real peace of mind.
Life takes twists and turns that we can’t always see coming. That’s why it’s so important that we are prepared for life’s emergencies. You don’t want to leave it to chance.
An accident, sickness or death of a working age parent will almost always have a significant impact on the financial circumstances of the family. Despite this Rice Warner Actuaries calculate that over 95 per cent of families do not have adequate insurance.
Having the right insurances in place can help protect your family and your income if the unexpected occurs.
There are different types of cover that fall under the broad heading of life insurance:
Life cover – also known as term life insurance or death cover, pays a set amount of money when the insured person dies. The money will go to the people you nominate as beneficiaries on your policy.
Total and permanent disability (TPD) cover – covers the costs of rehabilitation, debt repayments and the future cost of living if you are totally and permanently disabled. TPD cover is often bundled together with life cover.
Trauma cover – provides cover if you are diagnosed with a specified illness or injury. These policies include the major illnesses or injuries that will make a significant impact on a person’s life, such as cancer or a stroke. It is also referred to as ‘critical illness’ cover or ‘recovery’ insurance.
Income protection – replaces the income lost through your inability to work due to injury or sickness.
How we can help
AMA Financial Planning has access to a large range of insurers and we can tailor your wealth protection plan to suit your circumstances. We will make the insurance process as simple as possible and help you get the right cover to protect you and those you love with a financial safety net in the event that the unexpected occurs.
Aren’t I already covered through my work and the government?
You may be eligible for some compensations and entitlements depending on your situation (for example Workcover, Sick leave, Social Security). However will these be enough? Will you qualify? And what are the waiting periods?
To discuss your Wealth Protection needs please contact one of our qualified Financial Advisers at AMA Financial Planning on 1800 262 346.
