What would happen to my income if I became ill?
Your medical bills may be covered by your health insurer or by the HSE, but how will you pay your other bills while you’re being treated or recovering from injury? Income Protection can give you a regular income until you get back on your feet.
Paying the bills
Our research shows that a 30-year-old person is more likely to be off work due to illness or injury for a long period than to die before they reach the age of 65. If you had to give up work due to illness or injury, you would still have to pay your regular bills, such as mortgage and loan repayments and household expenses.
Unexpected costs?
However, you would also likely have the additional financial burden of extra medical costs, so your total amount of bills could increase. With this in mind, could you maintain your current standard of living while you were out of work? If the answer is no, you need income protection.
Our financial advisors can give you a safety net. Talk to us today about income protection.
