PROTECT YOUR INCOME
Income Protection
Secure Your Income with Personalised Protection Plans
Life can be unpredictable, and an unexpected illness or injury could impact your ability to work.
Income protection insurance is designed to provide financial stability during these challenging times, ensuring that you have the income support needed to focus on your recovery. At Prosperous, we believe that income protection should be a personalised solution that aligns with your needs and circumstances – not a one-size-fits-all product.
At Prosperous, we start with what matters most to you. Our goal is to offer income protection that suits your financial and personal needs without pushing unnecessary add-ons. With our tailored approach, we work with you to build a policy that secures your income, integrates with your financial plan, and gives you peace of mind.
What we offer...
Tailored Income Protection Policies
Your financial needs are unique, and your income protection policy should reflect that. We begin by understanding your financial situation, monthly expenses, and existing safety nets. From there, we help you select the right coverage, ensuring that your income protection plan provides sufficient support if you’re unable to work.
Comprehensive Coverage Options
Income protection can cover a range of scenarios, from illness to injury. Our advisors will guide you through the available options, explaining how each can impact your policy and premiums. We’ll help you choose the coverage that best fits your lifestyle and work situation, ensuring you’re protected without overpaying for features you may not need.
Holistic Financial Integration
At Prosperous, we view income protection as an essential component of a well-rounded financial plan. We’ll work with you to ensure that your income protection policy integrates seamlessly with your other financial goals, such as retirement savings and your family dynamic. Our holistic approach ensures that your income protection supports your overall financial security.
Our Income Protection Cover Process
Initial Consultation
We start by discussing your work situation, income needs, and financial priorities. This allows us to understand your needs and recommend income protection options that suit your lifestyle and provide a strong safety net.
Policy Selection & Customisation
After understanding your goals, we guide you through choosing the right policy options. From benefit periods to waiting times, we help you customise your policy to match your financial situation, so you only pay for what you truly need.
Financial Integration & Planning
Income protection is just one part of a secure financial future. We ensure that your policy aligns with your broader financial plan, working alongside other components like savings and retirement planning to create a balanced and secure financial foundation.
Ongoing Support & Review
Life changes, and so may your protection needs. We offer regular reviews of your income protection policy to make sure it still aligns with your goals and lifestyle, providing adjustments as your financial situation evolves.
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Frequently Asked Questions
Income protection insurance provides a replacement income if you’re unable to work due to illness or injury. We’ll help you choose the right coverage based on your income needs and financial goals.
Income protection typically covers a percentage of your income, often up to 75%. We’ll help you understand the options and choose a coverage amount that suits your needs.
Unlike life insurance or specified illness cover, income protection focuses on replacing lost income over the long term, ensuring you have financial support while recovering. We’ll guide you on how it can fit into your financial plan.
The waiting period is the time before your payments start after a claim is made. It can be anything from a 4-week deferred period to a 52-week deferred period. We’ll help you choose a waiting period that balances cost and support based on your financial cushion and immediate needs.
Prosperous Financial Planning Limited is authorised under Regulation 30 of the European Union (Consumer Mortgage Credit Agreements) Regulations 2016 to engage in the business of being a Mortgage Credit Intermediary on behalf of the following undertaking(s): Finance Ireland Credit Solutions DAC t/a Finance Ireland, Avantcard DAC t/a Avant Money, Haven Mortgages Ltd, Dilosk t/a ICS Mortgages