Personal Income Protection
Personal Income Protection Insurance is for the self-employed or those (in employment) who are setting up a policy independently of their employer.
This will pay out a regular cash payment that replaces part of your lost income if you cannot work due to a medium to long-term illness or disability.
Tax relief is available at your marginal rate of tax on premiums paid.
In the event of a claim, the insurance company will pay your benefit directly to you, net of tax, USC etc.
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