Income protection

Get cover when you need it most.

Income protection gives you money each month if you are ill or injured ad you are unable to do your job, until you work again.

Income protection is a an insurance policy that can help support you with a monthly payment if you’re ill or injured and means you cannot work.

It pays a proportion of your lost earnings, which could help cover your monthly outgoings. So you’re able to focus more on getting better and back to work.

What is income protection cover ?

Income protection insurance at a glance

Pays out a regular income if cannot work because of an injury or illness whilst employed.

You can start an income protection plan up to age 59 and choose to end it 60, 65 or 68.

You can cover up to 75% of your total year earnings, less any State Insurance payable, sick pay, or income protection benefits.

A claim will be paid until you return to work, your plans ends or if you die. The amount payable is taxable income.

The earliest you can choose for your payments to start is 8 weeks, this is a deferment period.

Like other insurance contracts the costs will depend upon your age, health, benefit level, your occupation and deferred period.

Research has proven that those that engage with a professional advisor at least once a year are more financially confident.

  • More savings and investments

  • More likely to have a retirement plan

  • More financially protected in the event of illness, accident, diagnosis of a specified illness or even death

  • More secure and confident about their future

  • Higher annual savings, larger pension funds, wealth growth, adding considerably to your financial well being and helping you achieve your goals.

Source; Ireland (Standard Life report), UK (Unbiased/Standard life report), Australia (KPMG Econtech report) and Canada (CIRAMNO report).