Many Public Sector Employees are concerned about protecting their income following recent changes to the Public Sector Illness Benefit.
Most Private Sector employees would have to rely on the minimal disability benefit from the State in the event of long term illness.
Self – Employed individuals do not currently have any State Disability Benefit.
Irish Pensions and Finance offer Individual Income Protection Plans rather than Group Schemes. This offers you more choice on the Plan and Provider, as well as total control over your plan. For example, you can bring your Plan with you if you change jobs, and you do not need to be in a Union to apply.
So, what does Income Protection offer?
|Payments of up to 75% of income|
|Deferred period from 6 weeks payment up to retirement/return to work|
|All illnesses and injuries covered|
However, Income Protection can be difficult to get. You must currently be in good health and pre-existing/injuries may result in loadings/exclusions or your application being denied.
For more information on the product options available, visit our Downloads page
To get a quote in relation to your own particular circumstances, call 01 8298500 to speak to a Financial Advisor.
Click on the videos below to hear the real life stories from Income Protection claimants:
Many Public Sector employees do not realise that they already have substantial cover as part of their main superannuation scheme.
You may not need any extra cover or may be overpaying for double cover.
Alternatively, you may be under covered or exposed.
We recommend a consultation before you take out any protection policies.
|An analysis of the amount of income your family would need in the event of your death/serious illness|
|Calculation of main scheme benefits already in place|
|Review of any existing policies|
|Discussion on most cost-effective way to arrange cover/cover any gaps in protection|
Irish Pensions & Finance have access to all protection products available from all the main providers and can negotiate the best prices on the market on your behalf. For more information, click here