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When researching income protection, customers often ask us this question:

Will the insurance company help me to get back to work?

Here's the answer:

Your No Bullshit Guide to Income Protection

Based on questions I have been asked over the years.

Enjoy!

Income Protection, outright, is the best way you can protect yourself from whatever life throws at you.

No messin’, no foosterin’.

It’s the insurance that’s worth its weight in gold because: it covers up to 75 per cent of your salary if you’re unable to work long-term for any reason.

Cosy one-bed in heart of city centre. Suits one person, ideally.

€1,500 a month.

A more accurate description is Shoebox, 20 minutes outside of town. Literally isn’t big enough for two people.

No smokers. No craic. No hope.

Paying your mortgage is a pain at the best of times.

But imagine if you couldn't work long term due to illness.

What happens then?

Your two life insurance bugbears are:

Cost, and losing all your money if you outlive the policy

Fear not, I have the solution - life insurance that can pay for itself, and will pay out whenever you shuffle off this mortal coil.

Listen up and I'll tell you all about it

You're seriously considering income protection.

But how can you be sure you're buying the best policy for you?

Speak with an independent broker who knows the 5 insurers inside out.

Critical illness.

It’s a two-word pairing that strikes fear in your heart.

Like terminal cancer and heart disease.

Or Boris Johnson.

All equally calamitous harbingers of doom.

For millennia, philosophers have mused the difference between Life Insurance and Mortgage Protection.

Well, they haven’t, but I’m giving you the answer. 

This article was inspired by an email from a woman called Annie, who wrote in:

"Hi. My Life Insurance has been postponed, and I need it for a mortgage and am wondering if there is Life Insurance out there that I can get?"

Obviously, for Annie, this is not good. Annie's done the hard part and saved the deposit and went and found a house to buy. However, to buy a home in Ireland, you have to get Mortgage Protection, which pays off your mortgage to the bank if you die.