We specialise in Pension, Investment and Life Cover & Protection Advice for Employees
What is Income Protection Cover?
Income Protection is different to health insurance – it’s insurance for daily living. When illness or injury leaves you unable to work, Income Protection gives you financial security. It means you can keep on top of the bills that matter: mortgage payments, car loans, food bills, rent and more.
Does Income Protection Cover apply to any illness or disability?
Income Protection will cover you if you are unable to work due to any illness, injury or disability.
How does it work?
Your Income Protection plan will provide you with an income if you are unable to work due to illness or injury. This is paid to you after an initial waiting period (known as the deferred period) up until;
- You are able to return to work, or
- Your chosen retirement date on the policy if you are not fit to return to work before then.
You can choose how long the deferred period is, with the options of 4, 8, 13, 26 or 52 weeks available.
Do I need Specified Illness Cover?
You may qualify for State Disability Benefit but the amount of this benefit is limited and highly unlikely to support your lifestyle.
It won't happen to me...
- Every 3 minutes in Ireland, someone gets a cancer diagnosis.
- By 2020, 1 in 2 people in Ireland will develop cancer during their lifetime.
- 1 in 4 people in Ireland will experience some mental health problems in their life time.
Sources: National Cancer Registry of Ireland, Mental Health Ireland.
Is this the same as Specified Illness Cover?
Income Protection is designed to protect your earnings throughout your working life.
In contrast, Specified Illness cover pays a cash lump sum should you suffer from one of the illnesses covered by the policy.
The most common income protection claims are for Psychological issues and Orthopedic conditions. Whilst these conditions can stop you from working, they are unlikely to trigger claims payments from a Specified Illness plan.
How much does it cost?
It depends on how much cover you need as well as other factors such as your age, health situation and smoking status and occupation as well as the length of the deferred period.
How do I get started?
It's simple, there's two straight forward options; either you call/email us or we call you. All you have to do is choose which option suits you best and click the buttons below.
Beechgrove House . Strand Street . Tralee . Co. Kerry . V92 FH0K
PCS Financial Services (Kerry) Ltd. T/A Premier Financial, Premier Life, Employee Pension Advisors and Employee Pension Education are regulated by the Central Bank of Ireland.