Income Protection Insurance
What is Income Protection Insurance
Income protection insurance is designed to replace your salary in the event of you being unable to work. As well as protecting up to 75% of your salary, you can reduce the cost by claiming tax relief on premium payments.
The following is a short video by Aviva summarising Income Protection – CLICK HERE
Remember – your income pays for everything and it is your most important asset.
Don’t take it for granted!
For most of us, our income is our most important asset. It pays for everything we have and usually dictates our standard of living. Take a moment to consider the following:
- If you are self employed, what are the financial consequences if you were unable to work for a period and you loose your income?
- If you are an employee, how long do you think your employer will continue to pay your salary if you are out of work?
- Again if you are self employed or a company director, are you aware that you are not entitled to State benefits if you were unable to earn a living as a result of illness or accident?
