Income Protection Kildare
I know being self employed can be scary at the best of times, and over the years, I have seen people who were doing great and then an unexpected illness or injury happened and this has meant their income stopped.
Income Protection Advice in Kildare
Have you ever wondered what would happen if you became ill and couldn’t work?
Who would pay your bills?
If you’re too ill or injured to work, you still need money to pay the bills, as well as for the things that are important to you and your family.
Income Protection pays you a regular premium income if you can’t work because of sickness or disability and continues until you return to work or you retire.
It’ll give you the breathing space you need to focus on getting better.
Income Protection is also known as Permanent Health Insurance.
It is highly recommended for self-employed individuals.
Income Protection Benefits:
- It will help with bills, food shop, and mortgage repayments
- While in receipt of the monthly claims, no premiums will be collected.
- The cover is suited to best suit around you
- Many of the providers have support systems to help you get back to work and ensure you recover fully
Income Protection FAQs
Home much Income do I get?
The amount of income you are allowed to claim will not replace the exact amount of money you were earning before you had to stop working. Income protection can be covered for 75% of your income.
Does Income Protection cover employment termination or redundancy?
Income Protection will not cover you in the event of employment termination or if you are made redundant. it is designed to assist a policyholder in the event they cannot perform their job, due to illness or injury only.
Is income protection tax deductible?
You will be able to claim back tax relief on premiums paid at the end of the year.
How long can I claim?
You can claim until you go back to work or if you return part-time you may be entitled to a partial claim.
How do I claim income protection?
- Contact your employer and insurer, you should do this as soon as you fall ill or are injured and can’t work.
- Fill out the claim form
- Wait to hear back and engage with the provider
Gwen Clarke Financial Services Ltd’s team of experts offers a wide range of services, including investments, pensions, corporate pensions, mortgages, and life protection. We understand that each of our clients has unique financial needs, which is why we tailor our services to meet your specific requirements. Our goal is to help you achieve your financial goals by providing you with personalized advice and guidance every step of the way. Whether you’re looking to invest for the future, secure a mortgage, or protect your loved ones, we can help. Contact us today to learn more about our services and how we can assist you in your Income Protection options & applications in Kildare and in securing your financial future!