We don’t usually think of our current income and future earnings as an asset. However, this is what pays for everything-mortgage, bills, children’s education, holidays and so on. The question we need to ask ourselves is if you no longer had your income, how could you afford the basic essentials of daily life?
Income Protection cover is designed to protect your income in the event of you being unable to work due to sickness, accident or injury.
Protection of up to 75% of your income can be provided. Tax relief is available at the relevant rate on premiums.
Cover is available on both an individual and company basis. The cost is based on the level of cover you require and your occupation.
Did you know that:
- Employers are not obliged to provide sick pay
- 85% of private sector employees are fully dependent on State Benefit after 6 months of absence
- Public Sector employees receive full pay for 6 months and half pay for the next 6 months
- Individuals receive just €10,286 per annum with the State Disability Benefit
- Self Employed individuals are not entitled to any benefit.
