Plain English, just the facts please!
What is it?
Income protection (also known as permanent health insurance) pays out a regular cash payment that replaces part of your lost income if you are unable to work due to illness or injury.
You can cover up to 75% of your income less social welfare entitlements
e.g Mark is self employed earning €40,000 per year. He has income protection cover of €30,000 per year. Due to an illness Mark is no longer able to work and is not entitled to any sick pay or social welfare.
Mark would receive a taxable benefit of €2500 per month from his insurer for as long as he cannot work for the duration of his policy.
Who needs it?
- The self employed with no other source of income
- Those with little sick pay from their employer
- Those whose sick pay only lasts for a certain length of time
- Those with dependents who rely on their income
More details
Please contact us or see the FAQs.
Get a Quotation for Income Protection by clicking here
