Ndubuisi Egwim compares a doctor's earning power to a machine that prints £100,000 a year. If that machine could break, you'd insure it. So why don't doctors insure their ability to work through income protection insurance.
Imagine you've got a secret machine sitting in your house. It's legal, but every year this machine prints £100,000 for you legally. Before anybody gets excited, £100,000 is printing for you. So the £100,000 pays your mortgage, it feeds your children, it pays the bills, it funds your holidays. You even pay tax on it, builds your investments. Now imagine if somebody says to you, look, there's a possibility that machine could stop working. You don't know when, but it could. Would you insure it if it was possible? Probably because you are a sensible person. Well, for many professionals, particularly doctors, you are that machine.
