Manning Financial offers advice on income protection insurance in cork

CORK, Ireland - Dec. 26, 2015 - PRLog -- Manning Financial is a financial services company. They are a multiagency intermediary offering innovative financial solutions. They offer expert advice on income protection insurance in Cork.

What Is Income Protection Insurance?

Income Protection Insurance is a form of disability or sickness insurance that helps you protect your most important asset which is always your stable, unfailing income that you deserve for your efforts.

It is designed with the intention to offer you a best alternative income in the event of sudden illness, injury, accident or in case you are out for work for any reason. Income protection insurance is also called Permanent Health Insurance or Salary Protection.

You can choose from a wide range of Income Protection Insurance plans according to your needs. You can also choose the amount of your salary you would like to cover, which is up to a maximum of 75%. You can also decide the waiting period, which denotes time period you want the plan to pay out and when you want it to end. If you find yourself out of work after the waiting period, your Income Protection Insurance plan will pay you a regular replacement income until you get back to work or until the policy term ends.

Do you really need Income Protection Insurance?

By enrolling for Income Protection Insurance, you help yourself in staying secure from financial worries when you no longer find yourself in a position to work. This is the best means of a replacement income in the event of any unfortunate incident that lets you unable to put the bread on your table. Therefore Manning Financial strongly suggests you to take an Income Protection Insurance policy.

You can get income protection insurance if you are self-employed business person or an employed individual and you find yourself out of work due to illness or injury and you are not able to get financial support from your state. In this case you can be benefited from income Protection Insurance. This will help you get covered up to 75% of your net profits and help you get a replacement income for all the time that you are out of work.

Cost of Income Protection Insurance Cost?

The cost of an Income Protection Insurance policy varies depending on a certain factors that include the amount of cover you need, from when you want the plan to be active which also refers to the waiting period, when you want the plan to end paying out, whether you need a fixed or reviewable premium, your smoking status, age, gender, health, occupation and lifestyle status. All these will be taken in to account to set the premium for you. Therefore there is no stable premium in income protection insurance policy. The cost of premium always is the reflection of yourself and your activities and responsibilities as an individual. Therefore, the cost of income protection insurance keeps varying from person to person.

Visit http://manning-financial.ie/ for more details about income protection insurance & more in Cork.