Income Protection

Income protection insurance pays out a regular cash payment that replaces part of your lost income if you cannot work due to a medium to long-term illness or disability. It can also be called Permanent Health Insurance “PHI”. It is not the same thing as private health insurance. Income protection insurance does not cover redundancy.

Too obtain income protection insurance cover, you must be in full-time paid work or be self-employed. Protection of your income is something that is very important. It provides financial support should health take its toll. You can also claim back tax on your income protection premium.

As there are many options to this policy, it is important that you speak with a financial adviser to make sure that you fully understand the policy and that you avail of the right type of cover that suits your requirements.

Contact us today for more information on income protection.

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