Income Protection Ireland | Protect Your Income – Ferris Financial

Income Protection: Protect Your Most Valuable Asset

Income Protection in Ireland is well worth considering. Your income is your most valuable asset, and protecting it is essential.

Whether you are employed, self-employed, or a company director, there is an Income Protection solution to suit your situation.

A recent Irish Cancer Society report reveals that families affected by cancer experience an average cost increase of €700 per month, while household income drops by approximately €1,500 per month.

Everyday expenses — the loaf of bread, the pint of milk — stay the same, but your financial security could be at risk. No matter how supportive your employer is, at some point they will stop paying you. They cannot pay you full salary while also paying someone to cover your role. That day may come sooner than you think.

Why Income Protection matters

Protect your most valuable asset – your income. If you cannot go to work at some point your income is going to stop, the bills don’t.

Income Protection ensures you can maintain your standard of living if illness or injury prevents you from working. The cost of Income Protection can qualify for tax relief.

Income Protection will start after your selected Deferral Period. During the Deferral Period, your plan will typically not provide any cover. It is recommended that your Deferral Period matches as closely as possible to the length of time your employer will cover your salary — this ensures there are no gaps in your income.

If Income Protection isn’t available for your occupation, Specified Illness Cover can provide financial support when you need it most.

A financial adviser can help you review your options and find the right level of cover based on your income, occupation, and existing employer benefits.

Let’s Talk

Don’t wait until it’s too late. Protect your income and provide peace of mind for yourself and your family. Ferris Financial Planning offers a free consultation and has access to all the main Income Protection providers in Ireland, so we can arrange a plan that suits your needs.

📞 Get in touch today: richard@ferrisfinancialplanning.ie