Income Protection

In an uncertain and rapidly changing world, it's essential to take proactive measures to protect your financial well-being. One crucial aspect of this protection is safeguarding your income. Unexpected events like illness, injury, or job loss can disrupt your financial stability, making it challenging to meet your obligations. That's where income protection comes into play.

Synergy Credit Union has an arrangement with Irish Life Financial Services enabling members of Synergy Credit Union to seamlessly access financial advice that will enable them to have a better picture of their financial wellbeing and their likely requirements for the future. For example, are you looking for some help achieving your financial goals?

How can you plan for a future event like a loss in your households’ income?

Book a free no obligation appointment to speak to a financial advisor here: https://planmylife.irishlife.ie/fws/metamo/SignUp

What is Income Protection?

Income protection refers to a range of insurance products and financial strategies designed to replace a portion of your income if you become unable to work due to unforeseen circumstances. It acts as a safety net, ensuring that you can continue to meet your financial commitments during difficult times when your regular income is disrupted.

Why is Income Protection Crucial?

Preserve Financial Stability: Unexpected events can strike anyone at any time. Whether it's an accident, serious illness, or unexpected job loss, these situations can severely impact your finances. Income protection provides a steady stream of replacement income, helping you to maintain your standard of living and meet essential expenses such as rent or mortgage payments, bills, and daily living costs.

Peace of Mind: Knowing that you have a safety net in place can alleviate anxiety and provide peace of mind. With income protection, you can focus on recovery and getting back on your feet without worrying about the financial implications of your situation.

Protecting Loved Ones: If you have dependents who rely on your income, it's crucial to ensure their well-being is not compromised during a difficult period. Income protection allows you to support your loved ones and maintain their financial stability even if you're unable to work temporarily or long-term.

How  can Synergy Credit Union help you with Income Protection ?

Credit unions are member-owned financial institutions known for their customer-centric approach and focus on community well-being.

Finding the answers to questions like “how can I protect my income?“ can be daunting. Professional financial advice helps to give you peace of mind and helps you take care of the things that matter.

Irish Life Financial Services is an insurance intermediary with a team of highly trained, qualified Financial Advisers who can help Synergy Credit Union members to identify their protection, retirement, savings, and investment needs and recommend appropriate financial solutions, provided by Irish Life Assurance. Members who take full advantage of this free advice get peace of mind and gain control over the things that matter most to them; allowing them to be better informed, better planned, and better protected financially.

Why not take a few minutes of your time and book a free no obligation appointment here to speak to financial advisor?

Book your appointment here: https://planmylife.irishlife.ie/fws/metamo/SignUp

Synergy Credit Union is based in Fermoy with branches in Watergrasshill and on Lower Glanmire Road in Cork City. More information is available at www.synergycu.ie or call into your local branch.

Irish Life Financial Services is tied to Irish Life Assurance plc. for life and pensions business. Irish Life Financial Services Limited is regulated by the Central Bank of Ireland. Irish Life Assurance plc is regulated by the Central Bank of Ireland.

Disclaimer:
The content provided in this blog is for informational purposes only and is not intended as financial advice. While we strive to offer accurate and up-to-date information, Synergy Credit Union and the author are not financial advisors, and the insights shared here should not be construed as professional advice. We recommend consulting with a qualified financial advisor or pension specialist before making any financial decisions or changes to your pension plan. Synergy Credit Union assumes no responsibility for actions taken based on the information provided in this blog.