Income Protection

Your income is an important asset…

What is income protection?

Income protection pays you a replacement income if you are unable to work due to an illness, accident or injury. You will continue to receive an income until you are well enough to return to work, or if not, until your retirement age.


Who is income protection for?

Anyone in full or part-time employment, who relies on their income to meet their outgoings and fund their lifestyle.


 Why do I need income protection?

Your income is arguably your most important asset. You rely on it to fund everything from what’s in your fridge to where you go on holiday. If illness strikes and you are unable to work, income protection can:

  • Provide income for everyday living.
  • Ensure you continue to meet your monthly mortgage repayments and household bills.
  • Help you maintain your current standard of living.


 Ask yourself:

  • What would happen if my income suddenly stopped because of ill health?
  • How long would my family or I cope financially?
  • How long would my employer pay me if I was on prolonged sick leave?

Self employed workers are not entitled to the State Illness Benefit. PAYE workers receive a State illness Benefit of just €193 per week from March 2017.  *Department of Social Protection Illness Benefit as at December 2016. (

Having a protection plan in place is an effective way of providing peace of mind knowing that you have protected the things that are most important to you.


To find out more about income protection cover talk to Lifespan Financial Services Ltd.

Paul Lynch at 087 2498153 or

John Henderson 087 9130268 or