Income Protection Quote

Be prepared for the unexpected and have a replacement income in the event of injury, illness or disability.

We compare Income Protection Insurance from every provider in Ireland to give you the best price, guaranteed.

Apply Online or Call Us to get a quote now and to get exclusive additional discounts.

You can avail of 20/40% tax back on the premium of your quote.

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LowQuotes.ie
4.9
Based on 1113 reviews
Svc C
Svc C
Aideen Graham, really helpful in getting our insurance. Very kind and full of knowledge about it, highly recommended to all!!Thanks
Jenod 7.
Jenod 7.
I spoke with Colin Bailey who was extremely pleasant and helpful from start to finish on getting my mortgage protection policy renewed. Colin was a gentleman and gave excellent advise throughout the process. Would highly recommend. 5 stars.
Louise G.
Louise G.
We spoke with Richard about our mortgage protection. He was very helpful and made the process clear & simple. Very happy with the service.
Gareth D.
Gareth D.
Myself and my partner just spoke to Richard Westman for mortgage protection he was absolutely brilliant to deal with and talked us through the process so effortlessly! It was so quick and easy
Ian D.
Ian D.
Low Quotes were a great help and partner on my journey of getting a mortgage in Ireland. As a non-Irish citizen, Bernadine was great in answering questions and talking me through the process here in Ireland. Even answering questions and offering advice in general on purchasing a property in Ireland. I highly recommend them to help you on your mortgage journey.
bernie C.
bernie C.
We recently dealt with Richard Westman for our mortgage insurance.LowQuuotes should be honored to have such a fantastic staff member. He made the whole process so easy. He was so professional and friendly a delight to deal with. I would recommend anyone to deal with Richard or LowQuotes 10 out of 10.
edel F.
edel F.
Great service, Shane is extremely helpful and knowledgeable and ade the process of switching so easy
Katie M.
Katie M.
Seamus was really helpful, professional and we couldn't recommend him enough. Great service.
Claire H.
Claire H.
I was chatting to Shaun today about health insurance, he was very helpful. He brought down my monthly payments significantly and also helped with my house insurance. Delighted with the outcome. Shaun is great at his job.
Nicole M.
Nicole M.
Richard was very helpful and explained everything to me in detail to provide us with the most suitable cover for us.
Rebecca C.
Rebecca C.
Niamh was amazing to work with. She made it so simple for me. I was so panicked about the whole thing and she made it seem like a walk in the park. She got everything done so quickly and I honestly couldn’t thank her enough. Looking forward to working with her again in the future for whenever I need.
Conrad E.
Conrad E.
Very delighted to have obtaiend my life and mortage protection insurance through lowquotes. Process effeciently handled all over the phone. Kudos to Alison Fitzpatrick for the great support with this process.
yvonne R.
yvonne R.
It has been a very good experience made sure to get me best quote and that I was happy and understand everything he said
neil N.
neil N.
Shaun was a true gent, explained the policy options in layman’s terms. Was not pushy at all. I was really happy with the service and have decided to take the policy out with him because of his professional manner on the phone. Would highly recommend.RegardsNeil
Andrius K.
Andrius K.
5 stars..Very professional and really helpful.. got exactly what I asked for. Thank you
Aoife S.
Aoife S.
Richard was a pleasure to deal with at all times. Extremely professional and efficient and we are very happy with our experience with lowquotes.ie.
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The main benefits of getting Income Protection

Income Protection is crucial as it ensures financial stability by replacing a significant portion of your salary if you are unable to work due to illness or injury. This allows you maintain your lifestyle and meet financial obligations allowing you to better focus on recovery. Here are some of the benefits you can avail when taking out an Income Protection policy:

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Your Questions Answered

Income protection is a form of insurance that provides financial support to individuals who are unable to work due to illness or injury. In Ireland, income protection policies typically pay out a percentage of the policyholder’s income, usually up to 75%, if they are unable to work due to specified medical conditions. These policies offer peace of mind by ensuring a regular income stream to cover essential living expenses during periods of incapacity. Income protection works by paying out a monthly benefit after a specified waiting period, known as the deferred period, which can range from 4 weeks to 1 year. The benefit continues to be paid until the policyholder either returns to work, reaches the policy’s cessation age, or the end of the policy term. It’s important to note that income protection premiums are tax-deductible in Ireland, providing additional financial relief to policyholders. Overall, income protection serves as a vital safety net, safeguarding individuals and their families against the financial implications of unexpected illness or injury.

Income Protection is designed for individuals who rely on their income to cover daily living expenses, maintain their lifestyle, and meet financial commitments. This includes a wide range of people such as employees, self-employed individuals, and business owners. Essentially, anyone who would face financial hardship if they were unable to work due to illness or injury can benefit from Income Protection. For instance, if you are the primary breadwinner of your family, this insurance can provide you with peace of mind, knowing that a significant portion of your salary would still be available to cover essential expenses like mortgage payments, utility bills, and daily necessities during a period of incapacity.

Moreover, Income Protection is particularly beneficial for those in professions with a higher risk of injury or illness, such as manual laborers or those in high-stress jobs. Additionally, freelancers and gig economy workers, who may not have the safety net of employer-provided sick pay, find Income Protection crucial for maintaining financial stability. By replacing a portion of your income when you are unable to work, this insurance ensures that you can focus on recovery without the added stress of financial worries. It helps maintain your quality of life and prevents the need to deplete savings or accumulate debt during challenging times.

Your type of work can affect your ability to obtain income protection insurance due to the level of risk associated with your occupation. Insurance providers typically assess the risk of potential claims when underwriting income protection policies.

Certain occupations with higher risks of injury or illness may face higher premiums or exclusions from coverage. For example, individuals working in hazardous professions such as construction or firefighting may encounter challenges in securing income protection coverage or may have limitations on the benefits provided.

On the other hand, individuals in low-risk occupations, such as office-based jobs, may find it easier to obtain income protection coverage at more affordable rates.

Additionally, factors such as your health status, lifestyle habits, and past medical history also play a significant role in the underwriting process and can impact your eligibility for income protection insurance.

It’s essential to disclose accurate information about your occupation and health when applying for income protection to ensure that you receive appropriate coverage tailored to your needs. Working with an experienced insurance advisor can help navigate the underwriting process and find the right income protection policy for your specific circumstances.

Income protection is considered an essential protection insurance for several reasons:

  1. Financial Security: Income protection provides a crucial safety net by replacing a portion of your income if you are unable to work due to illness or injury. This ensures that you can continue to meet your financial obligations, such as mortgage or rent payments, utility bills, and daily living expenses, even when you are unable to earn an income.

  2. Peace of Mind: Knowing that you have income protection in place can offer peace of mind, knowing that you and your family are financially protected in the event of unexpected illness or injury. It alleviates concerns about how you will support yourself and your loved ones during periods of incapacity.

  3. Long-Term Support: Income protection policies typically provide benefits for an extended period, ranging from a few years to retirement age, depending on the policy terms. This long-term support ensures that you have ongoing financial assistance until you are able to return to work or reach retirement age.

  4. Tax Benefits: Income protection premiums are tax-deductible in many countries, including Ireland, making it a tax-efficient way to protect your income. This can result in additional financial savings for policyholders.

  5. Flexibility: Income protection policies offer flexibility in terms of coverage options and benefit levels, allowing you to tailor the policy to meet your specific needs and budget. You can choose the waiting period, benefit period, and level of coverage that best suits your circumstances.

Overall, income protection is essential because it provides financial stability, peace of mind, and long-term support during times of illness or injury, ensuring that you can maintain your standard of living and focus on your recovery without worrying about financial hardship.

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We would like to assure our customers that although this Worldwide Pandemic has struck our Nation hard, we are still here for our new and existing customers. All phone calls and emails will be dealt with accordingly.

In the unfortunate circumstance that a customer contracts COVID-19 and dies, our life policies would pay out in line with our usual claims philosophy.

All Consultations will be held by Phone or Online via Computer/Smart Device to remove face-to-face interactions and keeping in line with social distancing guidelines recommended by the Government.

We at Lowquotes.ie hope you, your family and your loved ones stay safe & healthy in this time.