How does Income Protection work?
An Income Protection Policy pays you an agreed income (up to 75% of your current income) if you are out of work due to illness or injury for longer than your chosen waiting period (13, 26 or 52 weeks).
If you need to make a claim under your Income Protection Policy, claim payments will be paid until you are able to work again or you reach the set retirement age on the policy, whichever comes first.
With Horizon Financial, you can cover up to 75% of your income inclusive of any State Illness Benefit. That is the maximum cover allowable under current rules.
