Income Protection

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Income protection is insurance that can provide a regular monthly income if through accident, sickness, incapacity or disability you are unable to work and earn a living, cover against unemployment  is also an option within a short term income protection plan. The two main types of insurance policy available that protect against loss of income are below, to get advice to help you decide which cover is more appropriate please contact the providers directly as we no longer provide advice.

Permanent Income Protection Insurance (IPI)                                        Permanent Health Insurance (PHI)

Max benefits

Benefit term

Deferred period

Cost                                                                              

Online quotes

Application

Further info

Insurers vary roughly 50 - 65% of gross earnings.

Payments will be made until you recover, end of policy, or death.

Choice of deferred period 4, 13, 26, 52 weeks.

Cost is dependent on your age, sex, occupation and smoking habits.

Yes

Quite thorough in depth application

Income Protection Insurance

Short Term Income Protection Accident, sickness and Unemployment Cover (ASU) Personal Accident Insurance

50% of gross monthly income, 1000 maximum

Payments are made for 12 months only on each claim

Back to day one cover after 30 days of income loss

3.50 per 100 of monthly benefit, 5.50 for unemployment & incapacity cover.

Yes

Simple online  application

Disability Insurance   Unemployment Insurance

Max benefits - There is a maximum amount of cover that you will be able to insure against and this will be stated within the key features document it will also explain what other benefits are taken into account when calculating this. Payments are tax free so should provide you with sufficient cover should you need to make a claim.

Benefit term - The maximum period that claim payments will be paid.

Deferred period - During this initial period no income protection is provided and the cause of income loss must exceed this time, short term income protection will pay a benefit from the first day  of income loss subject to 30 continuous days of unemployment / incapacity.

The cost of permanent income protection can be high and can be arranged with guaranteed or reviewable premiums , an index linking option is available. The cost  for a personal accident, sickness or unemployment policy is a set price for all .

 Other Insurance     Private Medical Insurance

Life and Critical Illness Cover         Mortgage Payment Insurance       General Insurance     Home Insurance   Travel Insurance

 Income protection policies to protect you financially if you are unable to work through accident, sickness, illness, incapacity or unemployment