Executive income protection quotes for company directors

Company-paid cover that keeps a director's income going through illness or injury. Compare quotes from Ireland's leading insurers online, then a senior advisor helps you set the benefit, the deferred period and the term.

4.9 Google reviews 30,000+ clients Premiums deductible for the company
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Compare executive income protection quotes

Compare executive income protection from Ireland's leading insurers. Answer a few questions and see prices side by side.

A senior advisor checks the benefit, the deferred period and the term with you before anything is set up.

Company-paid

The company pays, and the premium is a business expense

Executive income protection is owned and paid for by the company, on the life of a director or key employee. The premium qualifies as a business expense, so the company gets corporation tax relief on it. Because the policy belongs to the company and any benefit is paid to the company, Revenue does not treat it as a benefit in kind for the director.

It sits alongside any personal cover you already hold. We check what you have before recommending anything, so you do not pay twice to protect the same income.

  • Owned and paid for by the company
  • Premium a deductible business expense
  • No benefit in kind for the director
  • Existing personal cover checked first
How it pays

Up to 75% of earnings, paid to the company and passed on

If illness or injury stops the director working, the policy pays the company a regular benefit once the deferred period ends. The company pays it to the director as salary, deducting income tax, PRSI and USC as normal. Benefit continues until the director returns to work or the policy ends, and a partial benefit can be paid on a phased return.

Cover can be up to 75% of earnings, less the personal rate of State Illness Benefit if the director is entitled to it. Directors who pay Class S PRSI are not covered for Illness Benefit, so nothing is deducted for them. Some insurers also let the company cover its pension contributions for the director while they are off.

  • Up to 75% of earnings, less Illness Benefit only if it is due
  • Paid to the company, then to the director with tax deducted
  • Partial benefit on a phased return to work
  • Cover for pension contributions with some insurers
Deferred periods

Choose when the benefit starts

The deferred period is how long the director must be off work before the benefit starts. Depending on the insurer, you can choose 4, 8, 13, 26 or 52 weeks. The longer the period, the lower the premium. Match it to how long the company could keep paying the director's salary from its own cash.

Cover runs to an end age you choose, between 55 and 70 with some insurers, so it can last until the director's planned retirement.

  • Deferred periods of 4, 8, 13, 26 or 52 weeks
  • Two deferred periods on one policy with some insurers
  • An end age set to match planned retirement

Executive or personal income protection

Executive income protectionPersonal income protection
Who owns and paysThe companyYou, from your own income
Tax on the premiumA deductible business expense for the companyIncome tax relief, within Revenue's limit of 10% of your income
Benefit in kindNoneNot applicable
Who receives the benefitThe company, which pays it to you as salaryYou, taxed as income
SuitsCompany directors and key employeesEmployees and the self-employed
What happens next

How it works

1

Compare quotes online

Answer a few questions in the quote form above and see prices side by side.

2

Health questionnaire

Complete a short health questionnaire online.

3

Your advisor checks the structure

The benefit, the deferred period, the end age and any pension contribution cover.

4

Application and underwriting

One point of contact from application to policy issue.

5

Cover in place

The policy is owned by the company and the premium is paid by the company.

75%of earnings: the usual maximum benefit
5deferred periods to choose from, 4 to 52 weeks
€254a week: the most State Illness Benefit pays in 2026
4.9rating on Google
Google reviews

What clients say about their advisor.

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We (Richie and Nickey) received excellent pension advice that was clear, honest, and tailored to my situation. Everything was explained in a way we could easily understand, and we felt confident making decisions about my future. Highly professional service and very reassuring throughout the process.
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Richard O NeillPension advice
They made setting up a company pension on a deadline extremely easy and stress free. You can tell they understand the products inside out. Very approachable, great availability for support with instant and clear answers.
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Mairead KilbrideCompany pension
True Wealth was super efficient in locating my UK pension. They were very professional and responsive in dealing with the relevant pension organization. I would highly recommend True Wealth.
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Bridget WhooleyUK pension trace
Thank you for the several calls to advise me. Great client attention! Eimear is fantastic! I had my pension sorted and a few insurances arranged. All the best.
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Renan DevitaPension and protection
Excellent service. Always there if I had any questions, would recommend without hesitation. A 5 star service. Thank you everyone.
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Questions

Frequently asked questions

Straight answers with the figures. If yours is not here, a senior advisor answers it in your review.

What is executive income protection?

Income protection that a company takes out on a director or key employee. If they cannot work because of illness or injury, the policy pays the company a regular benefit, which the company pays to them as salary.

Is executive income protection a benefit in kind?

No. Revenue does not treat it as a benefit in kind where the policy is the company's and the proceeds are paid to the business.

Is the premium tax deductible?

Yes. The premium paid by the company qualifies as a deductible business expense.

How much cover can a director get?

Up to 75% of earnings, less the personal rate of State Illness Benefit if the director is entitled to it, subject to each insurer's maximum. Other income protection you hold is taken into account.

Which deferred period should we choose?

The length of time the company could keep paying the director's salary itself. A longer deferred period means a lower premium.

How is the benefit taxed?

It is paid to the company, which pays it to the director as salary with income tax, PRSI and USC deducted.

Can I have personal income protection as well?

Yes, but the total paid across all policies is capped, so holding both can mean paying for cover you could not claim. We check what you hold first.

I am a sole trader. Is this for me?

No, executive income protection needs a company. Sole traders and employees use personal income protection.

Protect the director's income

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