What is Income Protection?
Your Income is your biggest asset, it’s more important than your car, your home, your savings. Income Protection provides you with a payment if you are unable to work due to illness,injury or accident.The payment kicks in after a specified period in which you choose at the outset ( this is usually 4,8,13,26 or 52 weeks) depending on your own circumstances. The majority of the payments will continue paying you until you return to work, retire, reach the end of the plan or die. These details depend on the options you decide when you are setting up the plan. Income Protection can give you up to 75% of your Income (up to a max of € 262,500 less any social welfare payments)