What is Income Protection Insurance & Should I Bother?
- 20th April 2021
- 057 9335955
- info@mylifefinancial.ie
- Mon - Fri: 9:00 - 18:00
Life can have its twists and turns.
With Income Protection, you will be prepared if illness or injury prevent you from working for a period longer than 1 month.
How It Works
Income protection can give you a replacement income if you can’t work because of an accident or illness. You can still pay your bills and maintain your family’s lifestyle while you concentrate on getting better. We think of income protection as insurance for daily living. If a long-term illness or injury prevents you from working, our range of protection policies makes sure that you can still afford to look after your family.
Why You Need Income Protection
A long-term illness or injury that prevents you from working can change everything. Things you take for granted, such as paying your bills or for your children’s education, become a struggle. If you are entitled to the State Illness Benefit, you will get just €198 per week (as of 26 March 2018). Will this be enough to cover everything you need?
By taking out Income Protection, you can rest assured that if the unexpected happens, you can still maintain your basic standard of living and focus on the most important thing – your recovery.
- Get a replacement income until you go back to work or retire.
- Make as many claims as you need!
- Claim tax relief on your monthly payments.
- Get access to rehabilitation, consultants, counsellors, career change specialists and more.
Income Protection Frequently Asked Questions
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To discuss protecting your income , just get in touch!
Get in Touch Directly
- 057-9335955
- matt@mylifefinancial.ie
- mylifefinancialireland
- MyLife Financial, Correagh, Mount Temple, Co. Westmeath
