"An Income Protection Scheme ensures funds will be there to support an employee on long term illness leave"
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Income Protection Scheme

What is Employee Income Protection designed for?

An Income Protection Scheme is designed to cover all employees and directors should they be unable to work due to ILLNESS, DISABILITY, INJURY or ACCIDENT.

Who takes Employee Income Protection out?

The company takes it out on behalf of all directors and all employees.

“Premiums are very reasonable and fully tax deductible as a business expense.  So the cost is easily borne”

Why take Employee Income Protection out?

  • Your company could be faced with the dilemma of whether to continue paying the wages of an employee who cannot work due to an accident or illness.
  • Your company could incur costs in recruiting a temporary employee to fill the place of an injured employee.
  • Provides long term income replacement up to age 65.
  • Attractive as part of an overall employee remuneration package.

Benefits Employee Income Protection for your company

  • It provides your company with the necessary funds to pay the wages of an employee who cannot work due to an accident or illness after an initial waiting period.
  • The scheme is easily put in place most usually with a ‘non-medical limit’ meaning very little if any medical underwriting required.
  • The cost of the plan can be written off as a business cost i.e. fully tax deductible from a corporation tax perspective.

Wexford Financial Services Ltd. will advise you of:

  • The most suitable options available.
  • Compare the market for the most competitive premium in the marketplace.
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