Expert Life Insurance and Income Protection advice for medical professionals

MedLife is a boutique Life Insurance practice dedicated to providing tailored personal insurance solutions for doctors and other medical professionals all over Australia.

MedLife

  • MedLife understands that doctors and other medical professionals have a unique set of requirements and demand high service levels

  • We know that your time is valuable, and that you need someone that you can trust to take away all of the hassle

  • We carefully select policies that cater for needle-stick injuries, splashback, and blood or bone dust inhalation

  • We recommend policies that allow us to adapt your level of cover with your rapidly changing income

  • We carefully select policies that will deem you ‘totally disabled’ if your income has dropped as a result of HIV, Hep B or Hep C exposure, even if you are still physically capable of working

  • We interpret complex financial structures to maximise your insurable income

  • As complex medical histories are increasingly common, we have fostered underwriting relationships to source the best possible insurance terms for our clients

  • We recommend ‘level premiums’ if appropriate to allow you to remain protected for the long-term at an affordable cost

  • MedLife is not restricted to any one insurer, and has access to all life insurers in the Australian retail market

  • MedLife services doctors and other medical professionals all over Australia

  • We provide advice at a practice level, and consider the needs of all equity partners

  • We consider the needs of your spouse and other family members

Why MedLife?

Our advice process includes the following steps:

  • Gather all of your personal information to make an assessment on the type and level of cover that you require

  • Review your financial structures and accounts, if appropriate, to maximise your Income Protection benefit

  • Liaise with your other advisers (such as accountants and solicitors) to ensure that all your advice is aligned

  • For pre-existing medical conditions, we conduct a comprehensive underwriting review to get you the best possible terms

  • Research the market to find the best policy features for medical professionals, at a reasonable premium cost

  • Present a tailored initial proposal for discussion and review

  • Carefully structure the ownership of your policies to maximise tax effectiveness and reflect your individual needs

  • Formalise our written advice, and personally complete the insurance application forms with you

  • Carefully manage your application through the underwriting process and handle all of the paperwork

  • Check through your issued policy schedules and produce a personalised summary for your records

  • Conduct a review at least annually to make sure that your cover remains appropriate with your changing needs

  • MedLife is the first point of contact for any claims, and we personally manage all claims through to conclusion

The Process

Types of Cover

  • Income Protection Cover

  • Needlestick Cover

  • Term Life Insurance

  • Total & Permanent Disability Cover (TPD)

  • Trauma / Critical Illness Insurance

  • Business Expenses Cover

  • Partnership Protection & Buy/Sell Cover

  • Key Person Cover

Claims

Let’s face it, no-one ever wants to be in the position where you need to claim! However, if you do, we are confident that our advice process and recommendations will place you in a favourable position.

MedLife will personally handle all claims on your behalf and minimise the stress on you, at an obviously stressful time. Claims are our number one priority and we will always be available to you during this time.

This is when you need your adviser the most, and we step up to deliver on the promise of your insurance cover.

Newly Qualified

Trying to get cover without a stable employment and income history can be frustrating, and can lead to being stuck in a product that doesn’t meet your needs once your earning capacity is realised.

MedLife has access to insurance contracts that are specially designed for doctors and other medical professionals in the following situations:

  • New Graduates

  • New Consultants

  • New Fellows

  • New to Private Practice

Connect with us today

See how we can help. Contact us today.