Our advisors are committed to helping people around Ireland achieve their financial goals.
Book an appointment with one of our financial advisors, virtually or in-person.
Income Protection
Income insurance from Irish Life Assurance pays you a regular income if you can't work because of an injury or illness while you are employed.
This means you can still contribute towards your housing, bills, and other day-to-day expenses that won't go away even if you can't go to work.
A financial advisor will be best placed to advise you on the level of cover that's right for you.
Products are provided by Irish Life Assurance and advice is provided by Irish Life Financial Services.
How does income protection work?
Who gets income insurance?
If you're unable to work due to injury or illness while employed, income protection will provide you with regular income as you recuperate.
Cover a percentage of your salary
If you're employed but can't work, you can have cover up to 75% of your annual earnings (less benefits from the state or other protection plans) or €250,000 a year.
How long you can claim
While you're employed, a claim will be paid until you return to work or your plan ends. Your payments are treated as income for tax purposes.
The deferred period
The earliest you can choose for us to start making payments is 13 weeks after you are out of work. This is called the deferred period.
Income tax relief
The premiums you pay are eligible for income tax relief, which can reduce the cost of your cover by up to 40%. You must claim this tax relief from Revenue.
Resources
Read our booklet for more information
Everything you need to know about Income Insurance
Free consultation
Want to talk to an expert?
Irish Life Financial Services Limited, trading as Irish Life, is regulated by the Central Bank of Ireland. Irish Life Financial Services is an insurance intermediary tied to Irish Life Assurance for life and pensions.
What happens in your appointment?
Get an evaluation of your finances
Get answers to your questions
Get a free personalised plan
Get the right recommendations
“Use 60 mins to invest in your life, it’s time well spent on your future.”
- Linda Moran
Financial Advisor Irish Life