THIS SECTION RELATES TO THE NEWSLETTER PUBLISHED IN APRIL 2009 ONLY
an example of SALARY PROTECTION
Policyholder details: Name : A N Other
Age next : 45 Sex : Male Non-smoker Policy Ceasing age : 65 Occupation Class 4, a fish farmer.
The weekly amount to replace wages is 75% of a €25,000 i.e. €361 per week
This cost of a policy like this will be € 367.13 to be paid monthly.
Information about the policy- make sure a policy like this meets your needs!
Purpose of this policy:
The Individual Income Protection is a regular premium income protection plan policy.
The purpose of income protection is to pay you an income if you are unable to work due to illness or injury and have suffered
a loss of earnings as a consequence.
Nature of the commitment:
Unless you are fully satisfied as to the nature of this commitment, bearing in mind your needs, resources and circumstances, then you should not enter into the commitment.
If you are ceasing premiums on an existing policy your Financial Advisor will advise you of any consequences (see the
declaration on the application form).
What happens if you want to cash in the policy early or stop paying premiums?
Cashing in this policy: If you wish to cash in or surrender this policy at any time you should write to us at the enclosed address.
This policy does not acquire a surrender value.
Premium cessation: The policy will terminate with no value if you stop paying premiums. Please note however that once we start paying benefit to you we will not ask you to pay any more premiums until your claim finishes.
Protection against any Illness, Accident or Disability.
At Friends First we’ve designed our Income Protection product
to help you stay on top of the bills that matter,
even if you were unable to work for three months or more due to illness, injury
or disability.
Get the protection of a regular income during difficult times, tailored to your needs and circumstances.
Flexible, customisable and packed with features, Income Protection offers premiums and benefits that help you during, and after, you claim.
Friends First are renowned as the experts in Income Protection in Ireland and offer the most comprehensive product range on the market.
ANY TYPE
of illness or injury which prevents you from working is covered.MONTHLY PAYMENTS
are made until you can go back to work or retire.YOU CHOOSE
the level of cover you require and how soon it begins after you have to stop working.YOU’RE COVERED
for up to 75% of your net relevant earnings, less social welfare entitlements.*YOU QUALIFY
for tax relief on your premiums up to your marginal tax rate.Affordable, Tax efficient premiums
You choose the level of benefit and the various options you want to include and we calculate your premium based on that information and of course your health. And because your premiums qualify for tax relief up to 41%, it could be cheaper than you think to protect your lifestyle.Choose from a range of plans:
Individual Income Protection for those taking out a policy independent of their employer, or the self-employed.
Wage Protector: supports people in more skilled manual trades.
Protect the lifestyle you’ve worked so hard to achieve! Talk to your Financial Adviser today.