If you are self-employed, then it’s important to plan to protect your income in the event of an accident or long-term illness. Even as an employee, you may only be entitled to very limited cover if you become ill.
The easiest way to minimise this risk is to plan for it. This may simply involve re-arranging existing investments or it could mean insuring against the risk. Kintyre Financial can analyse your entire financial position and recommend the best way forward.
An income protection plan is a cost-effective and tax-efficient way to protect yourself against a loss of earnings if you are out of work as a result of an unexpected illness, accident, dis-ability or injury. It offers you peace-of-mind now and secures your income in the future, should you suffer from a health crisis.
- An employee who is single will receive less than €200 per week in State Benefits if unable to work due to health issues.
- For most people it would be impossible to meet mortgage payments and other financial commitments and to maintain a reasonable quality of life on State Benefits alone.
- An income protection policy has tax advantages which enable you to secure cover in a highly cost-effective way.
Plan and Relax
If you take a little time out to plan now, you can be confident that even if a health crisis knocks you back – your finances will be stable.
Please call (01) 294 4927 to find out more.