Income Protection is designed to provide payment of a regular income to you should you be unable to work due to an accident or illness after a certain period of time. This can help safeguard your lifestyle. In addition, it can help you get back on your feet and help you keep on top of the bills that matter such as mortgage repayments, car loans, food bills etc. With this type of protection you pay a monthly premium determined by your occupation and health. In return, you receive the protection of a regular income for the duration of your illness, injury or disability until you return to work or until retirement. One of the benefits of this type of protection is that the premiums qualify for tax relief at your marginal rate. You can protect your income, if you are in full-time work or are self-employed and earn an income.
For more information on Income Protection options, contact Faith Fahy.