DNG Financial Services: Income Protection?
DNG Financial Services: Income Protection?
Income Protection provides monthly financial support in the event of illness or injury preventing you from working, until your return. These funds cover bills, medical expenses, and maintain your lifestyle, ensuring peace of mind and facilitating recovery for you and your family.
At DNG Financial Services, we recognise the significance of obtaining income protection to safeguard your family's financial stability, should you face unexpected illness or injury. As a household earner, your inability to work could pose significant financial challenges for your loved ones. While not everything should be about money, ensuring financial security at a tricky period of health is paramount.
At DNG Financial Services we understand the importance of choice when it comes to taking out an income protection policy. We are uniquely positioned in partnering with all of the leading income protection providers in Ireland, ensuring we secure you a market-leading policy at all times.
Having an expert available to you is valuable in the process of securing any insurance policy, particularly something as important as a policy that replaces part of your income. At DNG Financial Services, our role is to find you the best available income protection policy in the market, with the least amount of effort from you. Our Financial Advisors are here to take the stress out of the process for you.
Income Protection FAQ
Here are some of the most commonly asked questions when it comes to income protection cover in Ireland, answered by our expert Advisors in DNG Financial Services
Income Protection cover is a type of insurance that provides financial support if you are unable to work due to illness or injury. Unlike other policies, it specifically replaces a portion of your lost income rather than providing a lump sum pay-out.
Eligibility typically depends on factors such as age, occupation, health, and income. Most providers require applicants to be working and earning an income to qualify for coverage.
The cost of Income Protection cover varies depending on factors such as your age, health, occupation, the level of coverage you choose, and how soon you choose the policy to pay out after an illness or injury. The good news is that Income Protection cover is one of the only insurance types that comes with tax relief on the premiums you pay, ultimately reducing your premiums by up to 40%.
Income Protection cover usually provides a monthly benefit payment if you are unable to work due to illness or injury. Some policies may also offer additional features such as rehabilitation support, partial disability benefits, and waiver of premiums during periods of claim.
Exclusions and limitations vary between providers and policies, but common exclusions may include pre-existing medical conditions, self-inflicted injuries, certain high-risk activities, and waiting periods before benefits kick in. It is essential to review the policy terms carefully to understand what is and isn’t covered.
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