Income Protection is the cornerstone of any good Financial Plan. If you don't have your income, you can't pay your bills, save, pay insurance, pay your mortgage/rent or save for retirement.
You may need income protection if you:
Are self-employed and would have no source of income if you couldn’t work due to illness or disability
Have little or no sick pay from your employer
Have no ill-health pension protection
Have dependants who rely on your income
Have no other source of income
Do not have sufficient benefits to replace your lost income and/or cover your expenses
There are 4 Products on the market that you can take out to protect your income:
Income Protection - pays 75% of your Income until retirement if you are unable to work due to illness or injury
Wage Protector - pays 75% of your income for up to two years if you are unable to work due to illness or injury
Accident, Sickness, Hospitalisation - pays a monthly income cash benefit of up to €3,000 if you are unable to work due to accident or sickness
Serious Illness Cover - pays a tax free lump sum if you are diagnosed with a specified serious illness.
Talk to us today to find out which product is best for you and your budget.