Income Protection Plans

Designed to protect your income if you are unable to work due to illness or injury

Your income is your most valuable asset. How would you manage without it?

Income protection cover is available for anyone in employment or who is self-employed

Life is unpredictable, and safeguarding your income is essential.

Losing Your Income Can

Ensure your financial future with Income protection insurance

Protect your Lifestyle by protecting your Income with an Income Protection Plan

Avoid Financial Struggles

If you can’t work due to a medium or long-term illness or injury, an income protection policy can replace up to 75% of your regular income (including any State benefits), so you can continue to pay your bills and live your life

Control and Customise

With an income protection policy, you can specify the coverage percentage, typically between 66% and 75% of your income. Your contributions are deductible for income tax and it pays out after a deferred period which ranges from 8 to 52 weeks. Ensure your plan meets your needs and protects your financial future.

How Can We Help?

Get all your Income Protection queries answered by our experts

We will be able to explain all of the options available to you in simple terms so you can make an informed decision.

Have questions? 
We have answers

Want to know more? You can email us anytime at info@newalliance.ie

What is income protection insurance?

Income protection insurance provides you with a regular income if you cannot work due to illness, injury, or disability. It typically covers a portion of your salary, usually up to 75%, until you can return to work or reach retirement age.

How much does income protection cost?

The cost of income protection insurance varies based on factors such as age, occupation, health, and the level of cover chosen. Policies with shorter deferred periods generally cost more.

When do payments start after a claim?

Payments typically start after a deferred period, which can range from 4 to 52 weeks depending on the policy. Choosing a deferred period that aligns with your employer’s sick pay can help optimise your coverage.

Can I get income protection if I'm self-employed?

Yes, income protection is available for self-employed individuals. It ensures a steady income if you are unable to work due to health reasons, providing financial security even without employer benefits

Are there tax benefits for income protection insurance?

Yes, in many cases, premiums for income protection insurance are tax-deductible. This can make the policies more affordable by reducing the overall cost through tax savings.

Income Protection Consultations

Get Started Now

Book A Consultation

Speak with our Insurance Specialists to find out all you need to know about Income Protection and if it’s the right policy for you

Plan With Us

We will gather information from you so we can research the market to find you the best fit for your circumstances

Pick your policy

We will present you with and explain all of your options so you can make an informed decision

Don’t Just Take Our Word for It

I came across this company on Instagram while reviewing my pension options and contacted them for advice. I initially dealt with Aidan who gave me great advice and insight. As I engaged further with him, I felt very comfortable and reassured in my dealings. He called to the house with his colleague Geoff and discussed all my pension options in detail, in plain English. I never felt pressured into doing anything and they were very patient with me as I had lots of questions. I decided to move my pension plan to their company and I haven’t regretted my decision. Highly recommend Aidan and Geoff.

Professional and friendly service Many thanks to Aidan at New Alliance for his help and guidance when I recently needed support in relation to a pension. Aidan kept me updated at every stage with emails and phone calls so I felt involved every step of the way.... delighted with the professional friendly prompt service.

I contacted New Alliance about my old workplace pension that I wanted a cash settlement applied for as I tried myself and was offered pitence for. I cannot rate New Alliance and Aidan Whelan high enough he was just brilliant ! And my experience dealing with Aidan Whelan from start to finish was top draw so professional and always updating me how my case was progressing. He realised a excellent settlement amout that I am still amazed at several weeks later! I would highly recommend New Alliance and Aidan Whelan to family and friends I so delighted with my outcome.

We have Recently had the pleasure of Dealing with Aidan Whelan from New Alliance wealth planning. I found Aidan to be very knowledgable, prompt and professional while always having our best interests at heart. He is definitely someone I can recommend and would have no hesitation in saying that we were 100% happy with the service we have received. Thanks for your help Aidan it has been very much appreciated. Regards Phil

Aidan was recommended to me by a colleague who spoke very highly of their experience in dealing with Aidan. Having discussed my business with Aidan he took control of my affairs as regards a previous pension I had and also some mortgage interests I had. He dealt with all these affairs for me in an extremely professional and detailed manner. I can’t recommend Aidan and the company highly enough and look forward to doing further business in the future. Mick Territt

I got in touch with Aidan in October last year to try and find a pension I had contributed to, Aidan checked everything out for me and talked me through the paperwork, he made it seem so easy. I am very happy with the help and guidance provided by Aidan and I have told friends about Alliance Wealth planning Ltd. I had no worries once I got talking to Aidan. He is friendly, very professional and helpful Bridget in Co Clare

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