Income Protection cover will protect your income against illness, injury, disability or accident resulting in you being unable to do your normal occupation for longer than your deferred period. Please

Income Protection will "pay the bills" whilst you are unable to work. It is probably the most important benefit you can have. Please give us a call on 01-4546730 or alternatively email info@paulryan.ie

How is the Income Protection benefit paid and for how long?

The benefit is only paid when there is a proven loss of income and for as long as the individual continues to suffer a loss of earned income by being unable to work due to sickness or disability.

Are the premiums eligible for tax relief?

The premiums are eligible for tax relief at your marginal (highest rate of tax) up to a yearly limit of 10% of your total income. As the benefit payments are income they are liable to PAYE taxation.

What is the maximum Income Protection benefit?

A maximum benefit payment limit may apply which is usually 75% of your normal income (less any social welfare payments)

How long does an Income Protection benefit payment last?

Typically the payment will go to your retirement age limit which can be between 55 years of age to 70.

How expensive is Income Protection?

This is a difficult question to answer as it varies by age, sex, smoking status and general health. The premiums and cover are usually guaranteed. At Paul Ryan Pensions we believe we can give you the right advice on all Income Protection products available on the market. We know we are experts in this area and will not be beaten on price or any other aspect of providing good quality advice and service.

Is there much underwriting when you are considering taking out an Income Protection policy?

Yes generally when you are taking out a plan you will be subject to the underwriting process.