My Lifeinsurance - What is Income Protection?

What is Income Protection?

Income Protection Insurance offers a vital safety net in the form of a replacement income for those unable to work due to an accident, illness, or injury. This insurance type is comprehensive, ensuring that individuals can maintain financial stability even when they are unable to earn an income.  Especially crucial for those without sick pay benefits or for the self-employed, Income Protection acts as a crucial buffer against income interruption. It ensures that personal and family needs are met, even during prolonged periods of health-related work absences.


– Replacement income during illness or injury.

– Essential for individuals without employer-provided sick pay.

– Helps maintain standard of living in difficult times.


What is Income Protection Insurance?

Income Protection is the most comprehensive financial protection policy available. It provides a replacement income if you cannot work due to any accident, any illness or any injury. It is your complete financial safety net. If for any reason you cannot go to work and earn an income, this provides a replacement income.

Who should have it?

Anyone earning a decent income should have Income Protection. Most people have no sick pay benefits through work. Self-Employed people have no entitlements. And even those who do have sick pay benefits, they may only last a couple of months at best. The State Social Welfare benefit is €203 per week. This can be a huge drop in income for many people. For anyone who wants to protect themselves financially against the impact of illness, health or injury, Income Protection is the best solution.

How much cover should I have?

The maximum benefit you can have is 75% of your gross salary (less the State Social Welfare benefit if you can claim for it). We stress that this is the maximum. People often choose the level of Income Protection they feel they would need to get by.

Income Protection

If you have read all of the benefits to having Income Protection then please use our quick and easy quote service to get a range of quotes straight to your inbox.

Have any Questions?

We all want to get the right cover but often we don’t know where to start. Our team of experienced, friendly Protection Insurance Advisors are here to help.

This site is not a part of the Facebook website or Facebook Inc. Additionally, this site is not endorsed by Facebook in any way. FACEBOOK is a trademark of FACEBOOK, Inc." All product names, logos, and brands are property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, logos, and brands does not imply endorsement.

© 2021, All rights reserved - is a product of Pinnacle Financial

Design & Developed by Salt Marketing