Income protection

You work hard for your money, and it in turn works hard funding your lifestyle. Should illness or injury prevent you from working however, your income would dry up but the bills would continue to flood in. Income Protection cover offers you a lifeline in this situation, and our experienced team can help you choose the right policy for your lifestyle.

Key Features

  • Income Protection cover protects you in the event of long-term illness or injury.
  • Premiums are based on your age and occupation - most occupations can be covered.
  • No difference in premium for men and women.
  • A very important type of cover for the self-employed who receive no State illness benefits.

Key benefits

  • Benefit is paid for as long as you are unable to work, up to a maximum age of 65.
  • Premiums can be guaranteed for the full term of the policy, regardless of claims paid.
  • Premiums qualify for tax relief at your top tax rate.
  • If you're paying into a pension plan, your pension contributions can also be protected.

Get a quote

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Call us on 01 6601033, email info@obf.ie or complete this form and we'll call you within one working day at a time that suits you.

Features

Income Protection is a vital type of cover for many people, especially the self-employed and owner-directors who get no State illness benefits. Even if you are entitled to the State illness benefit, unless your employer will continue to pay you indefinitely, you’ll be facing a financial crisis at a time when you should be focusing on your health.

We have arranged Income Protection for individuals and companies over many years; we know the business and we know how to get you the right cover at the best possible price. Sadly, we have overseen many claims, some of them from young people who never thought they’d need the benefit, but they were certainly very glad they had it. Hopefully, you’ll never need it but what a great comfort it is to know that if you have a health issue, you can concentrate on getting better and not about where the next mortgage payment is coming from.

  • Top Tip #1

    Always ensure you give full and complete details of your occupation when applying for cover. The last thing you want is a claim to be declined because of incomplete information in your application form.

  • Top Tip #2

    If the guaranteed premium is too high, you can opt for a reviewable premium. This will be lower however it is not guaranteed for the full policy term.