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Income protection insurance Ireland is a type of insurance that provides financial support to policyholders who are unable to work due to an illness or injury. The policy pays out a monthly benefit to the policyholder, which can be used to cover living expenses and other bills.
There are many benefits of getting income protection insurance, including:
1. Financial security – One of the main benefits of income protection insurance is that it gives you financial security. If you are unable to work due to an illness or injury, your income protection policy will pay out a monthly benefit to help you cover your living expenses. This can give you peace of mind knowing that you have a safety net in place if you are ever unable to work.
2. Replacement income – Another benefit of income protection insurance is that it can replace your lost income if you are unable to work. This can help you stay afloat financially while you recover from your illness or injury.
3. Support for your family – If you have a family, getting income protection insurance can help them financially if you are unable to work. The monthly benefit can be used to cover essential household expenses, such as mortgage payments and groceries. This can take some of the financial burden off of your family while you focus on recovering from your illness or injury.
4. Access to treatment – Some income protection policies will also cover the cost of treatment for your illness or injury. This can include things like physiotherapy, prescriptions, and doctor
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