Income Protection
What would happen if you could no longer work due to sicknes or injury? How would you cover your family's costs?
Income Protection is the answer and is a type of insurance that pays you a regular income if you can no longer work due to an injury or illness.
Income Protection
Features
- Income Protection is a type of insurance that pays you a regular income if you can no longer work due to an injury or illness.
- The cover will protect up to 75% of your earned income minus any state benefits that are applicable.
- The Income Protection payout is based on your salary/income and can be used to cover everyday expenses including mortgage payments, utility bills etc.
- Income Protection is a revenue approved product and tax relief is available at your marginal rate of tax – subject to revenue limits.
- The Deferred Period is the amount of time you must wait before the plan will pay out – and usually dovetails with your sick-pay entitlements i.e. 4, 8, 13, 26 & 52 weeks.
Our Partners
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