About Income Protection Insurance
An Income Protection Insurance plan can help you and your family to maintain your standard of living in the event that you become unable to earn an income due to injury or illness. It typically covers 75% of your income in the event of an accident or illness which prevents you from earning an income for your family.
There are a number of benefits built in to a typical plan which can include:
• The policy will not be cancelled because of an eligible claim.
• Premium payments are waived during the period where you are unable to earn an income.
• Top rate tax relief is available on the premium payments within Revenue limits.
Premiums for income protection start from as little as €10 a month and can be tailored to your own personal circumstances and budget. You can also choose to cover important monthly bills in your plan such as mortgage repayments.
Our Advice
Income protection insurance can be helpful in ensuring that your Lifetime Financial Plan is not derailed in the event of an accident or illness which leaves you unable to earn a living for a period of time.
We can help you to determine whether or not you might need income protection, and if it is required we can research the market on your behalf, among the broad range of providers with whom we hold an agency, to find the most suitable product for your needs.