Why Do You Need Income Protection?
Many people in Ireland will be out of work for more than six months through illness or injury. if you were one of them, how would you survive without an income? Many employers don’t provide any form of sick pay and for those who do, the majority will only pay you for six months.
This income will mean that you can continue to meet your monthly mortgage repayments and household bills and maintain your current standard of living. It will continue to pay you an income until you are well enough to return to work, or if not, until you reach retirement age. You can reduce the cost of cover by claiming tax relief on your contributions.
We deal with all four providers of Income Protection Insurance: Aviva, New Ireland, Irish Life and Royal London. We constantly compare the plans offered by these providers to ensure that we get you the best policy at the best price. We will guide you through every stage of the process from setting up your policy to the claims stage and beyond.
Income Protection FAQs
Income Protection provides you with a replacement income in the event that you are unable to work due to illness or injury.
You will continue to receive an income until you are ready to go back to work, and if you are not well enough to return to work, your replacement income will be paid until your chosen retirement age (that's 65 for most people) although you can cover yourself until age 70.
Everyone who is in paid employment, whether full-time or part-time (minimum 16 hours per week) and relies on their income.
Not only is Income Protection from New Ireland competitively priced, you can also claim tax relief on your contributions, so a premium of €50 per month could cost just €29.50 after tax ( assumes you are a higher rate tax payer).
You can choose the amount of income to protect, up to 75% of your current earnings (subject to a maximum of €250,000).
Yes, if you opt for a level premium, the amount you pay is fixed and will not increase during the term of your policy, even if you make a claim.
Your cover continues if you change jobs, regardless of your new occupation. You can also stay covered if you become unemployed, take a career break or parental leave.
If you are hospitalised a benefit is payable for every day you spend in hospital after day 7 up to a max of 90 days.
Make An Appointment
Call us at +353 (0)87 250 6365. Alternatively, you can fill in our contact form
and we will be in touch shortly.
3 Laurel Mount Close,