Income protection insurance, also known as Permanent Health Insurance (PHI), pays 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. It is not the same thing as private health insurance and does not cover redundancy.
Are you eligible?
To obtain income protection insurance cover, you must be in full-time paid work or be self-employed. Protection of your income is something that is very important as it provides financial support should health take its toll. You can also claim back tax on your income protection premium.
Contact your Smart Financial advisor today to see if income protection is a product that is suitable to your needs.
Executive Income Protection
For employers who wish to provide income security for key employees.
Personal Income Protection
For the self-employed or those (in employment) who are setting up a policy independently of their employer.
Understand your policy
As there are many options to this policy, it is important that you speak with a Smart financial adviser to make sure that you fully understand the policy and that you avail of the right type of cover that suits your requirements.
Talk to us today
Talk with an insurance specialist at Smart Financial to see if income protection is right for you and to discuss other Insurance options to give your family the peace of mind they deserve.
Got any questions?
Get in touch today
We enrich the lives of our clients