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Income protection, also known as permanent health insurance, is designed to replace your income after a minimum of 13 weeks continuous incapacity due to an accident or illness.
Accident or illness can undermine your ability to work and lead to substantial loss of earnings. In the event of a claim, payment commences after your chosen deferred period (normally 13 – 26 weeks). Payments continue right up to your chosen “ceasing age” (normally age 55 – 65) to correspond to retirement or until you recover. You can opt to have your payment increase each year @ 3% to compensate for inflation.
Contact: Andrew@crottygroup.ie
