Have you ever considered what life would be like without an income?

Let’s protect your income & keep you and your family financially stable

Income protection insurance

What is income protection?  

Do I really need income protection? 

 

 

 

Income protection insurance is a type of coverage that provides a replacement salary should you become unable to work due to any illness, injury, or disability. This income is effectively provided monthly by the insurance company.

When you think about it, it is your monthly income that pays for everything and average household bills and expenses in Ireland typically come to €40,000 annually. This includes mortgage & car repayments, rent, food and grocery, utility, and Education or even leisure costs etc.

The average claim in Ireland lasts up to 6 years and without income protection insurance, that could see a family scrambling to cover up to €250k in bills and expenses over that period.

With the adequate protection in place at least a policy holder can concentrate on getting better and addressing the underlying health issue that prevents them from earning income, as opposed to also being burdened by a financial crisis.

Benefits of Income protection insurance

Peace of Mind & Security

Income protection provides financial stability for you and your family if you are unable to work.

Tax relief on Income Protection

Monthly premiums are eligible for up to 40% tax relief which makes income protection affordable.

Long Term Cover

Income protection can provide you with cover before retirement, up to retirement or the maximum age of 70.

Regular Payments

Income protection insurance pays a regular income should any illness or injury prevent you from working.
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Flexibility

You can protect your income with a policy that balances adequate protection and long-term affordability.

Terminal Illness

Income Protection Insurance starts payments immediately upon diagnosis of a terminal illness.

How is my premium calculated?

Levels of Income

The more you insure, the more expensive your premiums.

Health and Lifestyle

Get protected whilst you are healthy

Occupational class/risk

Affordable premiums for less risky occupations

Age

Becomes more expensive as you age

Let our experts assist in protecting your income

Our Trusted Insurers

With hundreds of policy options it makes sense to deal with a Broker like MOJO Finance

Am I eligible for income protection?

Take 30 seconds to answer a few questions and our MOJO Finance experts will reach out to advise and get you covered. All Quotes receive up to 15% broker discount.

Need a Quote?