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Income Protection
Help protect your income with clear, no-fee advice on income protection and suitable alternatives.
30+ Years’ Experience
Nationwide Service
Your income supports your whole financial plan
If illness or injury stopped you from working, the financial impact could be significant.
Your income helps pay for your mortgage or rent, household bills, savings, pension contributions, family costs and day-to-day life.
Income protection provides an income to replace your regular income if you are unable to work due to illness or injury, subject to policy terms, conditions and underwriting.
At Covermore, we help you understand what income protection is designed to do, what options may be available and whether it could form part of your wider financial plan.
Thank you,
Raphael Ihuoma.
I highly recommend Nigel and Covermore Insurance to anyone looking for reliable coverage and top-tier customer service.
What really stood out was the level of care and dedication he showed nothing was too much trouble, every question was answered promptly, and we always felt completely supported. It’s rare to come across someone so knowledgeable and genuinely committed to getting the best result for their clients.
Thanks to Barry, what could have been a stressful process was handled smoothly and with total confidence. We can’t recommend Covermore highly enough.
We had a fantastic experience with Covermore Financial, and especially with Eric. From start to finish, the mortgage process was smooth and well-handled. Eric’s professionalism, knowledge, and guidance made everything so much easier for us. He truly went above and beyond.
We are delighted with our new home and very grateful for the excellent support we received. Couldn’t recommend Covermore Financial enough!
Emilia was incredibly knowledgeable, patient, and supportive. She took the time to understand my needs and guided me through the mortgage process with clarity and confidence Her professionalism and attention to detail made the entire experience smooth and stress-free.
I wholeheartedly recommend Emilia and the team at Covermore Financial to anyone seeking reliable and expert financial or mortgage services. They go above and beyond for their clients, and I couldn’t be happier with the outcome.
What income protection can help you consider
Help replace part of your income
Income protection is designed to provide a regular payment if illness or injury prevents you from working for a qualifying period.
Help protect your mortgage or rent
If your income stopped, you may still need to meet mortgage repayments, rent, bills and other financial commitments.
Help maintain your family’s lifestyle
For households that depend on one or two incomes, a loss of earnings can affect everyday costs, childcare, education, savings and future plans.
Help self-employed people protect their income
When you work for yourself, you may not have employer sick pay or workplace benefits to fall back on.
Income protection can be particularly important for self-employed professionals, sole traders and business owners.
No-fee financial advice.
30+ Years of Experience.
Long-term support.
Clear guidance.
What to consider before arranging income protection
Income protection can help replace part of your income if illness or injury prevents you from working for an extended period.
Before arranging cover, it is important to consider your monthly outgoings, existing sick pay or benefits, savings, mortgage commitments, family responsibilities and how long you could manage without your usual income.
Your occupation
The options available and cost of cover can vary depending on your occupation and the level of risk involved in your work.
Your existing sick pay or employer benefits
Some employers provide sick pay, group income protection or other workplace benefits.
We can help you understand what is already in place and whether there may be a gap.
Your income and monthly commitments
It is important to consider how much income your household would need to keep meeting its regular financial commitments.
Your budget
Income protection should be realistic and affordable for your circumstances.
We can help you understand the options available and consider suitable alternatives where full income protection may not be practical.
Your wider protection plan
Income protection can work alongside mortgage protection, life insurance, family protection, savings and pension planning.
We have partnered up with Ireland’s leading Life Insurance providers & Mortgage lenders
How Covermore helps with Income Protection
At Covermore, we believe good advice starts with a proper conversation. We take the time to understand your life, your concerns, your goals and what you already have in place.
Then we help you identify what may need attention now, what can wait, and what your next smart financial decision should be.
Financial planning should not feel intimidating.
Understand your current position
We start by discussing your income, occupation, household costs, existing benefits, financial commitments and family circumstances.
Explain your options clearly
We explain how income protection works, what it is designed to cover and the key factors that may affect the options available.
Consider affordability and alternatives
Not every policy will suit every occupation or budget. We help you consider what may be realistic for your situation, including suitable alternatives where available.
Look at the bigger financial picture
We help you consider how income protection may fit alongside your mortgage, life cover, savings, pension and wider financial plan.
Based on
your situation
Income protection should reflect your income, monthly commitments, existing sick pay and family circumstances.
We take the time to understand your needs, explain the options clearly and help you arrange suitable cover for your income.
I have a mortgage or rent to pay
We can help you consider how your household would manage if illness or injury stopped you from working.
I am self-employed
When you work for yourself, your income may be especially important to your household and business.
We can help you explore income protection options based on your occupation and circumstances.
I work in a trade or physical role
Your occupation can affect the options and costs available.
We can help you understand what may be suitable, including alternative forms of cover where appropriate.
I have children or dependants
If your family relies on your income, income protection can help provide greater financial resilience if you are unable to work.
I have employer benefits already
We can help you review your existing workplace sick pay or benefits and understand whether additional cover may still be worth considering.
I already have income protection
We can help you review your current policy and consider whether it still reflects your income, occupation and financial commitments.
What to prepare before speaking to an income protection advisor
It can be useful to have a general understanding of:
Your income and employment status
Your occupation and day-to-day work duties
Your mortgage, rent and regular household costs
Any employer sick pay or workplace benefits
Existing life insurance, mortgage protection or income protection
Your partner, children or other dependants
Do not worry if you do not have every detail ready. We can help you understand what information may be needed.
Not sure what financial step to take next?
Do Covermore charge a fee for income protection consultations?
Covermore provides no-fee income protection consultations. We will explain clearly how the process works before you make any decision.
What is income protection?
Income protection is designed to provide a regular replacement income if you are unable to work due to illness or injury, subject to policy terms, conditions, underwriting and any applicable deferred period.
Is income protection the same as life insurance?
No. Life insurance is generally designed to pay a lump sum if the insured person dies during the policy term. Income protection is designed to provide regular payments if illness or injury prevents you from working.
Can self-employed people get income protection?
Options may be available for self-employed people, depending on their income, occupation, insurer criteria and affordability.
Does income protection cover every illness or injury?
Cover depends on the policy terms, definitions, exclusions, underwriting and circumstances of a claim. We will help you understand the key features of any option you are considering.
What if full income protection is not affordable?
There may be alternative protection options depending on your occupation, needs and budget. We can help you understand what may be available.