What is the main difference between income and salary protection insurance?

Salary protection insurance often provides coverage only for your basic salary, whereas income protection may cover additional bonuses and benefits.

What factors affect the cost of my income protection policy?

Factors such as age, health, occupation, and the level of coverage chosen can affect the cost of income protection Ireland insurance.

Can I customize my income protection insurance?

Yes, you can offer flexible options in terms of coverage amount, waiting periods, and payout options, at Clever Money, making it easier for you to tailor the insurance to your needs.

Income protection insurance Ireland

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It is the view of all at Clevermoney that the first thing you should insure is your income.

Securing Your Future: The Importance of Income Protection Insurance in Ireland

Many people will have heard the saying – “you insure your car or house, so why do you not insure your income? – but will not entirely understand the importance.

There is a 13% chance of death before retirement age, which means it is vital to have Life Insurance to cover you and your family (and Mortgage) if this were to happen.

There is an 87% chance that you will be out sick for more than one month before retirement age (source: Aviva Life & Pensions). What will happen to your income if this happens? How will your bills be paid?

Thankfully we live in Ireland, so Employees can access the Illness Benefit arrangements from Social Welfare for the Period of their illness or injury, subject to terms and conditions. This will amount to €203 per week, plus an uplift for dependents if your partner is not working. This will fall a long way short of the income you will need to cover your Mortgage and other bills.

Self-Employed people have more hurdles to jump through before they can access State Illness Benefit. They rarely have the luxury of recuperating at home and most find themselves being forced to work following injury or sickness, which will affect their long-term health.

It is the view of all at Clevermoney that the first thing you should insure is your income. Your income is the means by which you live your life, make your choices, investments, pay for your holidays, pay rent, save for your house, pay your mortgage, put your kids through college. Nothing has a greater effect on your long-term financial or mental well-being.

Once your Income is Insured – it can be insured up to your planned Retirement Date, you are then free to make your long-term financial advice investment plans.

Clever Money Tailor Aviva Income Protection for You?

Clever Money is pivotal in guiding clients through selecting Aviva’s Income Protection ensuring that the choice aligns perfectly with the clients’ personal and financial needs. The approach begins with a deep understanding of each client’s unique situation encompassing their financial obligations lifestyle and health factors.

The primary function of this insurance is to offer regular income support during such times ensuring that your standard of living is maintained even when you’re not earning. What sets Aviva apart is the ability to tailor the coverage to individual needs. Policy holders can customise their plans according to their specific lifestyle and financial requirements ensuring the right level of support. This insurance offers long-term security providing financial assistance for as long as you cannot work up to the policy’s specified termination age.

What Makes Clever Money Effective in Evaluating Zurich's Income Protection?

To ensure clients make an informed choice about Zurich’s Income Protection, Clever Money begins with a detailed evaluation of each client’s financial and lifestyle needs. They thoroughly analyse the features of Zurich’s policy, focusing on the extent of coverage, benefit waiting periods, and overall duration. This is coupled with a comparison against market standards to guarantee a competitive edge.

Crucially, Clever Money clearly explains the policy’s terms and conditions, aiding clients in understanding the full scope of their coverage. This comprehensive analysis provides personalised recommendations, aligning Zurich’s Income Protection with the client’s requirements.

Why Choose Us?

Expertise: With years of experience in the insurance industry, our team has the knowledge and expertise to guide you through the process of selecting the right income protection plan.

Personalized Service: In offering personalized service to each client. Our advisors take the time to understand your circumstances and financial goals, ensuring you receive tailored recommendations.

Insurance Claims Support: In the unfortunate event that you need to make a claim, we are here to support you every step of the way. Our dedicated claims team works to hurry the process and ensure you receive the benefits you deserve.