If you are an Irish citizen or have been living in Ireland for a while, then you might be interested to know that income protection insurance Ireland is something that is worth looking into. It is not as complicated as it sounds and the benefits of getting cover should be able to convince you to get an income protection insurance Ireland quote now.
What is Income Protection Insurance?
Income protection insurance is a type of insurance that gives you a replacement income if you are unable to work due to an accident or sickness. It can be used to cover your mortgage payments, rent, and other outgoings.
There are two main types of income protection insurance:
-
Short-term income protection – This pays out for a set period of time, typically between one and five years.
-
Long-term income protection – This pays out until you retire, die, or return to work (whichever is earliest).