Benefits Of Income Protection

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An Income Protection policy provides a financial safety net if you are unable to work due to illness or injury. Here are the key benefits.

Contact us today and book your consultation and see how Quigley Financial Brokers can help you choose the best options available or contact richard@quigley.ie for further information.

Regular Income Replacement

Provides up to 75% of your pre-tax salary (less any State Illness Benefit) if you cannot work due to illness or disability.

Kicks in after a deferred period (typically 4, 8, 13, 26, or 52 weeks) you choose based on your needs and savings. 

Long-Term Coverage

Benefits can be paid until you return to work, reach retirement age, or die, whichever comes first.

Offers peace of mind over the long term if you are dealing with a serious illness or accident.

Tax Relief on Premiums

You can claim income tax relief at your marginal rate (20% or 40%) on premiums, making the policy more affordable.

Flexibility

Policies are usually customizable, allowing you to:

• Choose the deferred period

• Select the benefit amount

• Index the benefit to keep pace with inflation

• Add cover increases without medical underwriting

Complements State Benefits

State Illness Benefit is limited in amount and duration.

Income Protection supplements these benefits and helps maintain your standard of living.

Return to Work Support

Many policies include rehabilitation or retraining programs to help you get back to work.

Some offer partial benefit payments if you return part-time or on a lower salary.

Financial Peace of Mind

Financial security during uncertain times reduces stress and lets you focus on recovery.

Particularly important for:

• Self-employed individuals who don’t qualify for State Illness Benefit

• People with financial obligations (e.g., mortgage, children, loans)

Contact us today and book your consultation and see how Quigley Financial Brokers can help you choose the best options available.