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Income Protection

One in every six Irish workers will be out of work for more than 6 months over the course of their working life due to sickness or disability, according to recent statistics.

If you no longer had your income, how could you afford the basic essentials of daily life, let alone the little luxuries?

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 is possible, with tax relief on premiums at the highest rate. Premiums can either be paid by individuals or by their employers.

Cover is available on an individual policy basis or may be included as part of a pension arrangement. The cost is based on the level of cover required and occupation type.

Sick Pay – be aware that:

  • Employers are not obliged to provide sick pay
  • 85% of private sector employees are fully dependent on the State Benefit after 6 months of absence
  • Public sector employees may receive full pay for 3 months depending on Grade, reducing to half-pay for a further 3 months. You may be entitled to temporary rehabilitation for a maximum period of 2 years.

Social Welfare Benefit ? Be AwareThat:

  • Self-employed individuals are not entitled to any benefit