Executive Income Protection
This is for employers who wish to provide income security for Directors or key employees.
In the event of a claim, the benefit is paid to the Company, who then passes it onto the member through payroll, deducting tax, USC etc., in the usual manner.
The cost of pension contributions can also be covered under this plan. Premiums qualify as allowable business expenses that can be offset against corporation tax.
Understand your policy
As there are many options to this policy, it is important that you speak with a Smart financial advisor to make sure that you fully understand the policy and that you avail of the right type of cover that suits your requirements.
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