Income Protection

INCOME PROTECTION

When illness, injury or disability leave you unable to work for three months or more, you need the financial security of a product that keeps you on top of the bills that matter: mortgage payments, car loans, food bills, rent and more. Safeguard the things you love with Income Protection.

What is Income Protection?

Income Protection is a form of disability or sickness insurance that gives you more control of your financial security. You pay a monthly premium determined by your age, occupation and health status, and the insurance company covers you with a regular income for the duration of your illness, injury or disability until you return to work, or until your selected ceasing age.

With Income Protection, you have a range of options and cover types to choose from, allowing you to create a plan to fit your lifestyle. As your needs change, your Income Protection policy can be adjusted to suit your new circumstances. Income Protection can cover any illness, any injury or any disability, so you have peace of mind knowing you have the right protection for the things you love.

"If things go wrong Income Protection can provide A lifeline."

If you were unlucky enough to have an illness for an extended period, two things will happen financially.

Your costs will go up- mainly medical and hospital expenses.
Your income will fall.

It is critical that your income is protected to allow you to continue to pay your bills, particularly at a time of economic uncertainty it can be the difference between financial hardship and survival.

State Illness benefit won’t cover much.
Many people think the government will provide for them and their family.
Unfortunately at just €196 per week for a single PAYE employee, and nothing if you are self employed, government support comes up a long way short! Where would you or your family even start to make sacrifices?
€196 per week would not go far.

There are plenty of options available to suit your specific needs and as Independent Financial Advisors, we can advise on the different options available throughout the Irish Market.