Life can have its twists and turns.

Income Protection Ireland

With Income Protection, you will be prepared if illness or injury prevent you from working for a period longer than 1 month.

Income Protection Ireland

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.

Income Protection Frequently Asked Questions

Income protection insurance, also known as Income continuance or Permanent health insurance, is designed to do just that, Protect your income if yours stops! Income protection insurance is a type of protection which should pay you an income if you are medically unable to work  for a minimum period of time due to an accident, illness or injury. Income protection insurance is often confused with Sick pay as being the same thing...it is not….Typically sick pay from an employer is paid for a set period of time, for example, 3 6 or 12 months after which time the benefit stops and you are on your own. Income protection insurance however is designed to continue to provide the income benefit until either, deemed medically able to return to work or your plan reaches the end of its term, you can usually select between 55 to 70 years of age at which point the benefit stops.

Income protection insurance, also known as Income continuance or Permanent health insurance, is designed to do just that, Protect your income if yours stops! Income protection insurance is a type of protection which should pay you an income if you are medically unable to work  for a minimum period of time due to an accident, illness or injury. Income protection insurance is often confused with Sick pay as being the same thing...it is not….Typically sick pay from an employer is paid for a set period of time, for example, 3 6 or 12 months after which time the benefit stops and you are on your own. Income protection insurance however is designed to continue to provide the income benefit until either, deemed medically able to return to work or your plan reaches the end of its term, you can usually select between 55 to 70 years of age at which point the benefit stops.

To discuss protecting your income , just get in touch!

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About

MyLife Financial was founded by Matt Conlon to provide unbiased and professional financial advice in all areas of financial planning. We specialise in protection advice for families, individuals and businesses alike. We strive to cut through the jargon that is often associated with financial planning advice to offer our customers clear and concise financial advice in the areas of Life Insurance, Income Protection, Pensions and Savings and Investments.
At MyLIfe Financial our customers are our business. We are also completely flexible in how you wish to interact with us. Perhaps you wish to conduct your business online, over the phone or face-to-face; whatever your preference is, we can cater for it.
Contact us today for a new experience with your personal or business financial planning needs.

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