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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.
A senior advisor checks the benefit, the deferred period and the term with you before anything is set up.
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.
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.
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.
| Executive income protection | Personal income protection | |
|---|---|---|
| Who owns and pays | The company | You, from your own income |
| Tax on the premium | A deductible business expense for the company | Income tax relief, within Revenue's limit of 10% of your income |
| Benefit in kind | None | Not applicable |
| Who receives the benefit | The company, which pays it to you as salary | You, taxed as income |
| Suits | Company directors and key employees | Employees and the self-employed |
Answer a few questions in the quote form above and see prices side by side.
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The benefit, the deferred period, the end age and any pension contribution cover.
One point of contact from application to policy issue.
The policy is owned by the company and the premium is paid by the company.
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.
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.
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.
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.
Excellent service. Always there if I had any questions, would recommend without hesitation. A 5 star service. Thank you everyone.
Straight answers with the figures. If yours is not here, a senior advisor answers it in your review.
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.
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.
Yes. The premium paid by the company qualifies as a deductible business expense.
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.
The length of time the company could keep paying the director's salary itself. A longer deferred period means a lower premium.
It is paid to the company, which pays it to the director as salary with income tax, PRSI and USC deducted.
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.
No, executive income protection needs a company. Sole traders and employees use personal income protection.
Sources checked 7 October 2026.
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