An Income Protection policy is a simple, tax efficient & inexpensive plan that provides you with an alternate source of income if you are unfortunate enough to be out of work because of an illness and suffer a loss of earnings as a result of a disability, an injury or an accident.
If you were unable to carry out your normal occupation for a prolonged period due to an illness or injury, could you continue to meet your financial commitments? Who would pay your mortgage repayments, maintain your personal loans, your medical bills or even your children’s school expenses?
For more information on Income Protection and Executive Income Protection view our presentation click here
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Irish Life has published some recent research, which suggests that fifty percent of the working population consider that they are just three paydays away from financial difficulties. On the plus side, the Irish Life survey indicated that people are now more likely to consider their long-term financial wellbeing. One third are actively considering purchasing income protection insurance or defined illness cover within the coming year.