Income Protection
Between insuring homes, cars and lives it’s easy to overlook how important it is to protect your income.
There’s always a chance that injury or ill health could keep you out of work for a lengthy period of time, perhaps even permanently. And having a policy that steps in and replaces your salary may be the only way to ensure household finances don’t feel the squeeze.
Currently, when an employer’s sickness benefit runs out, the covering welfare payment can amount to less than €200 a week and end after just two years. If you are self-employed, you are not entitled to any State illness benefit at all.
In contrast, income protection cover will top up any welfare payments to provide you with up to 75% of your usual income, guaranteed until your retirement date if need be.
Use the calculator below to get an idea of how much protection will cost you. Bear in mind that you can claim tax relief on the premiums, and the longer you defer the start of payments — from 13 weeks to a year after your injury or onset of illness — the cheaper the policy becomes.
To arrange your cover, simply contact Prendagast Maguire and we will set you up with the most suitable policy from one of the trusted providers we deal with.
Because we constantly search for the best value on the market, we can pledge that you will never overpay for insurance.
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Prendergast Maguire Financial Services Ltd |
A member of the Professional Insurance Brokers Association