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Every day we wisely insure the things that matter, for example, our home, car and health, whilst saving for everyday expenses and holidays etc. After all, it makes sound financial sense. However, most of us take for granted the one thing that affords us these essentials of life – our income. For this reason, It may be wise to consider securing it with Income Protection.
Whether self-employed or an employee, have you set in place a plan to provide a source of income were you to become ill and unable to work? If self-employed, did you know you are not entitled to a government disability allowance, or as an employee, that employer benefits may only cover short-term absence due to illness? Therefore, regardless of your employment profile, insuring against a medium to long-term income gap is essential.
With Income Protection, a form of disability/sickness insurance, you take control of your financial security. By paying a monthly premium, which is determined by your employment and health status, you will receive a regular income for the complete duration of your illness until such time as you return to work.
Put simply, Income Protection means you can continue to afford the lifestyle you have worked hard for.
For the best advice on PHI in the marketplace, call 1850 38 39 40 today or email info@ifgfinancial.ie and talk to an IFG Mortgages Broker. We will be delighted to assist you with any questions you may have in relation to this or other financial products.
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