Life insurance for occupational therapists
Occupational therapists — whether NHS, private, or independent — dedicate their careers to improving others' quality of life. NHS OTs benefit from some death-in-service provision, but this is rarely sufficient for those with mortgages and dependants. Supplementary personal life insurance fills the gap affordably.
How much does life insurance cost for occupational therapists?
Occupational therapists are classed as standard or preferred risk by most UK life insurers. A healthy non-smoking 35-year-old occupational therapist can typically get £200,000 of level term cover for £12–£22/month.
How much life insurance do occupational therapists need?
A common starting point is 10 times annual salary, plus enough to cover your outstanding mortgage. Consider your dependants, any outstanding debts, and whether a partner's income alone would cover household costs.
Should occupational therapists also consider income protection?
Yes — life insurance only pays on death. Income protection covers you if illness or injury prevents you from working while you're alive. For most occupational therapists, the probability of a long-term illness during your working life is significantly higher than dying. Both products are important parts of a complete financial plan.
Writing your policy in trust
Always consider writing your life insurance in trust. This ensures the payout reaches your beneficiaries quickly without going through probate, and keeps it outside your estate for inheritance tax purposes. It's free to set up.
Frequently Asked Questions
Occupational therapists are classed as standard or preferred risk by most UK life insurers. For most occupational therapists, premiums are primarily driven by age, health, and smoking status.
Yes — always disclose your occupation accurately. Some high-risk roles may affect premiums or exclusions.
Most people choose a term that lasts until their mortgage is paid off and their children are financially independent — typically 20–30 years.