Highlights
- Income Protection Insurance provides payments in the event that you become sick or injured.
- It provides peace of mind for you and your family.
- We can provide detailed advice, tailored to your specific needs.
- Guaranteed and reviewable premium options are available.
- Benefits can be index linked.
Why should I invest in Income Protection Insurance?
In the unfortunate event that you become seriously ill or are involved in an accident that leaves you unable to work, Income Protection Insurance could be a lifeline for you and your family. This type of insurance offers you regular payments to help you cover your living expenses while you’re getting back on your feet. If you’re sick or injured, mounting bills should be the last thing you or your family have to worry about. Income protection policies provide payments until you’re ready to return to work or until your chosen retirement age, if you’re unable to work. Investing in an effective income protection insurance policy is essential for your peace of mind. If you are self-employed, a good income protection policy is crucial as you are not likely to have any employment benefits.
Which Income Protection Policy should I choose?
Choosing an appropriate insurance protection policy that’s tailored to your needs is very important. It’s important to ensure that you select the most appropriate policy for the best price which, in the unfortunate event of illness or injury, covers your financial needs. It can be time consuming to review the many Income Protection Policies available on the market. Our advisers can provide detailed advice, tailored to your specific circumstances. You can relax knowing that if you are unfit to work, you and your family will be taken care of thanks to an appropriate policy.
What should I bear in mind before purchasing a policy?
Income protection insurance policies require either a guaranteed premium rate or a renewable premium rate. With guaranteed premium rates, the amount you pay each month stays the same. With renewable premiums, your payments may fluctuate when your insurer re-assesses your policy. You should also consider the length of the waiting period, i.e. the amount of time you need to be out of work before being eligible to make a claim. In general, the shorter the waiting period the more expensive the policy. Similarly, policies with a higher cut off age also require you to pay higher premiums.
How can Clear Financial help?
A comprehensive income protection insurance policy provides the peace of mind that both you and your family will be taken care of, in the event of an unforeseen illness or injury. With the help of our specialised advisors, we can help you find an income protection policy that is right for you. There are a huge range of income insurance policies available on the market. Our sales advisers put their insight, experience and proven expertise to work for clients everyday with very visible results. By providing superior levels of attention and advice, we build lifelong relationships with our highly valued clients. Our sales advisors are available to answer your questions. Clear Financial is regulated by the Central Bank of Ireland as an Insurance Intermediary under the European Union (Insurance Distribution) Regulations 2018.
For more information, please contact us on (01) 4587576 or email incomeprotection@clearfinancial.ie.
