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What is Income Protection Insurance?

Income Protection Insurance is a unique protection policy that provides a source of income in the event the policyholder is unable to work as a result of an injury or illness.

The purpose of Income Protection Insurance is to replace some of your traditional income so that your financial situation is not adversely affected in the event of unforeseen circumstances.

If you are in full-time employment or self-employed and would suffer significant financial hardship if your income is reduced or stopped as a result of an accident, injury or illness then income protection might be suitable for you.

Incomes Protection Insurance is also known as Salary Protection Insurance and Permanent Health Insurance but is not the same as Private Health Insurance.

Salary Protection Insurance helps you maintain the quality of life you are used to during challenging times of illness or disability so that you can focus on what matters most which is getting better.

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How can we assist? 

Our advisors are specialists in income protection. Once you complete our quick quotation they will compare the market on your behalf to secure the most competitive and suitable terms based on your specific requirements.

Whether you are looking for Salary Protection Insurance to provide minimal cover over a short period of time or a more all-inclusive policy that provides increased levels of cover over a longer duration then they can help.

Our team of income protection advisors will assess your requirements in detail and provide you with suitable Salary Protection Insurance quotes in a matter of minutes.

Who do we compare?

There are multiple providers of income protection insurance in Ireland which our advisors have direct access to.

Once you have completed our quick online application your requirements will be presented to multiple companies in order to get the most suitable and competitive salary protection insurance quotes available.

Income Protection Quotes

Our advisors have the ability to get life insurance and income protection quotes from multiple insurers in a matter of minutes. If you are doing this yourself however it could take you days and burden you with unnecessary hassle and inconvenience.

Salary Protection Insurance

Our salary protection insurance quotes service is designed to get you the cover you need quickly and easily. Our advisors will guide you throughout the process and ensure you receive exceptional customer service and professionalism throughout.

To find out how much you could save on salary protection insurance please request a free no obligation quote.

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Types of Income Insurance Protection

Income Protection Insurance is designed to provide policy holders with a replacement income to cover part of their salary in the event they are unable to work as a result of injury or illness.

This type of insurance is often misunderstood and is arguably the most important form of protection to ensure financial stability for an individual or family in the event of unforeseen circumstances.

Having Salary Protection Insurance provides a level of income to ensure that lifestyle and financial commitments continue as close to normal as possible during difficult times. Below we have provided some summary information on the standard types of Income Protection Insurance:

  1. A) Income Protection Insurance – Salary Cover

Works as an income replacement mechanism in the event you are unable to work as a result of illness or injury. You can insure up to a maximum of 75% of your yearly earnings less any state benefits which you may be entitled to.

  1. B) Mortgage Income Protection – Mortgage Cover

This is a more basic version of Mortgage Protection Insurance and is designed to specifically cover your monthly mortgage repayments in the event of illness or injury. The cover provided is directly linked to your mortgage repayments which you would still be required to make in the event that you are out of work.

To learn more about Salary Protection insurance please request a quote.

Benefits of Income Salary Protection

Income Protection provides multiple benefits for policy holders including:

Protection – Your income will be partially replaced when you need it most.

Peace of Mind – Financial commitments will be met despite your loss of income

Security – You can enhance your policy to cover terminal illness or serious disabilities.

Flexible – Income Protection Insurance policies can be tailored to meet your specific needs so that you get the exact cover you need.

If your financial situation would be significantly impacted by a sudden and potentially long-term loss of income then Income Protection might be perfectly suited for you.

Income Protection is available whether you are employed or working on a self-employed basis and provides a level of financial security for you and your family during difficult times.

Do I need Income Protection Insurance?

Income Protection Insurance might be suitable for you if:

  • You’re self-employed and would not have any source of income if you were unable to work as a result of illness or disability.
  • You receive little or no sick pay from your employer
  • You don’t have sufficient savings to cover you in the event of a long-term illness or disability
  • You don’t have any ill health pension protection
  • You don’t have any additional source of income
  • You have family or dependents that rely on your income
  • You are the only source of income in your family and you have financial obligations

How much Income Protection do I need?

The level of Protection Insurance you need will depend on your requirements, employment status, level of benefits provided by your employer (if any) and what financial commitments you are looking to cover.

Income Protection Insurance is not a standard type of insurance and is designed to cover each persons specific needs.

Once you complete our free quotation form a specialist advisor will compare the market on your behalf and secure the most suitable and competitive terms available for salary protection insurance.

They will contact you to discuss your options and requirements in detail.

How long does it take to get quotes?

This can be done very quickly. Once you have completed our online quotation form your details will be transferred to a specialist advisor immediately. They will then secure quotations based on the information provided and present these to you during a preliminary call.

At this time they will also assess your specific requirements and provide a more comprehensive overview of the income protection insurance options available. If there are any changes to your requirements your advisor will once again compare the market and secure alternative quotes as quickly as possible.

Our advisors have direct relationships with the most reputable income protection insurance companies in Ireland. This means quotations can be secured quickly and cover can be put in place without hassle when required.

Our service for income protection insurance is designed to save you time, hassle, and effort as our advisors do all of the work for you. To get a free no-obligation for income protection insurance please complete our quick quotation form.

How much does Protection Insurance cost?

The cost of income protection insurance will vary for each person. Premiums will be calculated based on the level of cover required, specific requirements, employment status, and what benefits, if any, are received from employers and the state.

In the event of illness or disability, some people will receive partial payments from employers whilst others will not receive any so the level of cover required will vary significantly.

Whilst Income Protection Insurance has universal benefits for both employed and self-employed individuals the type of cover, level of cover and duration will vary on a case by case basis.

Our services are designed to facilitate all requirements and our advisors have the ability to compare multiple income protection insurance providers so they can get the most suitable and affordable policies.

Due to the specialist relationships, our advisors have with the income protection insurance companies they can also potentially beat any alternative quote you have secured if the policy meets certain conditions and requirements.

How do I get quotes?

All you need to do is complete our quick online application which takes as little as 60 seconds. Once your details are received our advisors will compare the market on your behalf saving you time, effort and hassle.

As industry experts they have specialist relationships with the largest and most reputable income protection insurance companies in Ireland.

This allows them to secure quotes quickly and easily. To get started please complete our quick Income Protection Insurance quotes form.

Is your quotation service free?

Yes! Our quotation service is 100% free and there is absolutely no obligation to proceed with any cover or quotes provided. To find out how much you could save simply complete our online quotation form for a free review.

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