DWI CPD Test: The Top 5 Reasons Dentists Are Overspending On Their Income Protection

1. What is the main purpose of income protection?

To cover car expenses

To replace lost income when you can’t work

To pay staff bonuses

To fund holidays

2. Why do some dentists overspend on income protection?

They forget to pay tax

They skip holidays

They hire too many staff

They choose the wrong policy

3. What is one common mistake when setting benefit levels?

Choosing too little cover

Forgetting to tell patients

Choosing more cover than allowed

Not buying new equipment

4. What happens if your deferred period doesn’t match your sick pay?

You may overspend on premiums

You’ll get extra holidays

You’ll pay less tax

You’ll get free treatment

5. What’s the best way to avoid overspending on income protection?

Buy new chairs

Hire more staff

Get proper advice and review policies regularly

Reduce patient numbers