Income Protection

What is Income Protection?

Income Protection offers financial security for you and your family if you are unfortunate enough to be out of work because of an illness or accident, and suffer a loss of earnings as a result.

What type of disability is covered?

Your plan will protect your income against illness, injury, accident or disability resulting in you being unable to work for longer than your deferred period.


Deferred Period/Waiting TimeThe Income Protection Plan will provide you with an alternate source of income.  This income is a weekly benefit payable after a deferred period of either 13, 26, or 52 weeks.  The deferred period is the length of time between when you were last at work due to illness and when you start receiving an income benefit from Friends First.


Changing Occupations We will continue to cover you if you change jobs, regardless of what your new job entails.  If you are made redundant you may continue with the plan while you are looking for another job.  However you cannot claim benefit while unemployed.


Waiver of Premium You do not have to continue paying premiums while receiving an income benefit.  Instead, we will pay your premiums for you, and when your claim finishes you will restart paying premiums.


Guaranteed Increase Option Our Guaranteed Increase Option allows you to increase your income benefit by 20% of your original income benefit without having to provide new evidence of health. This offer will be made to you every three years up to a maximum of 100% of your original income benefit.  However, if you decline this option twice, we will not offer it to you again.


Indexation Our Indexation option allows you to increase your income benefit by 3% each year.  If you select this option, your premium will increase at 3.5% each year and your benefit will automatically increase by 3%.  This will help ensure that your benefit automatically stays in line with any salary increases you may receive.


Escalation in Claim If you select our Escalation option, your income benefit will increase only during payment of a claim by 3% each year.  You can choose either, or both of the Indexation and Escalation options or you can choose to have your benefit and premium remain level throughout your plan.



 73 Lower Leeson Street Dublin 2

  +353 (1) 6601 016

  +353 (1) 6642 988



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