What will happen if your income stops?

Your income funds your lifestyle, it pays for your home (mortgage or rent), it puts food on the table, provides the clothes you wear, the car your drive.. you get where I’m going here.

Most people that I meet during personal Financial Planning Consultations have never considered protecting their income, because they were not aware that they could or thought it was a waste of money or just didn’t give it a second thought.

In the Financial Planning landscape Mortgages and Pensions get the most attention but if you can’t work because you’re sick, you won’t be able to pay your mortgage or rent, let alone contribute to a pension. 

Protecting your income is the most crucial step and should be the NUMBER 1 priority for everybody,

no matter what your circumstances are.

I’m not going to start telling you horror stories but I want to take this opportunity to encourage you to think about what would happen to you, your home, your family or anyone dependent on you because you became ill or had an accident that stopped you from working?

To prove how important this is to me I’m offering you a FREE Income Protection Consultation with my senior financial advisors on the askpaul team.

They will review your personal circumstances and ensure that you have the right protection and level of cover in place to protect everything that matters to you in the event that you do get sick, or have an accident or something happens to prevent you from working.

The good news is.. The premiums qualify for TAX RELIEF

I’ve answered the most common questions for you:
What is Income Protection?

It’s a policy from a life insurance company that pays you your income or a portion of your income should you be unable to work due to accident, sickness or long term disability. There is no list of specified illnesses either but once you’re certified to be off work & after a short waiting period, your income will be replaced.

Who needs it?

Your income covers everything in your life so you need income in order to make sure that you can pay for your rent/mortgage, food & all the basics in life. The state benefit is just around 10k which will not cover the cost of most people lifestyles especially if you have kids & mortgages.

Which company should I go for Income Protection?

There are a few different providers in the Irish market. I don’t stick to one in particular & put people with different providers based on your individual circumstances, cost of your plan & any extra benefits.