Income protection
Also known as Income continuance.It is a highly recommended form of protection cover which fewer than one in six Income earners or Self employed have.
What is Income protection ?
Income protection is designed to provide you with an Income in the event of being unable to work due to Illness or Accident.
If the unthinkable happened to you , how would you live ?
For employees who pay PRSI , your only entitlement may be the State Disability Benefit - Euro 201.50 per week : how could you live on that ?
Worse still, for Self employed, you are not entitled to State Disability Benefit - so you would have no Income at all.
Should you have cover ?
YES : your Income is your most important asset - YOU SHOULD PROTECT IT
Without it , how can you sustain your life style ?
How do you pay the bills ?
Are there any other benefits in arranging cover ?
YES : the premium is tax deductible (up to 10% of Earnings) at your highest tax rate. This can reduce cost by up to 41% - so it is hugely tax efficient.
How much does it cost ?
This will depend on how much cover you require ; your personal circumstances including sex , age and general health ; the duration of cover etc.
Is there any limit on how much cover can be arranged ?
YES , maximum is up to 75% of Earnings
What's the next step ?
If you are interested in cover let us know and we can provide you with a quote so that you get some idea of cost in advance.