Fire Brigade Group Income Protection Cover
Could you and your family survive without your salary if you fell ill and were unable to work? If your answer is no, then you need Income Protection insurance.
The Fire Brigade Group Income Protection Cover Plan protects your salary against the impact of illness or disability, providing you with a replacement income* should you fall ill and become unable to work.
Exclusively available to Fire Brigade employees, the security and benefits of this Income Protection Cover Plan are not available anywhere else. That’s why over 755** Fire Brigade employees are already protected through the Plan.
- A replacement income of a fixed benefit* if you fall ill and are unable to work
- Tax relief on the contributions that you pay (find out more)
- A claims service you can trust (find out more)
Why is Income Protection so important?
*Once your salary has reduced to half pay after 13 weeks, the Plan aims to pay you an income of €132.69 per week. Once your salary has stopped altogether, the benefit increases to €211.53 per week; subject to an overall maximum of 75% of salary. You must exhaust your employer’s sick leave entitlements and the Plan deferred period as denoted in the Plan Summary Booklet.
**Source: Cornmarket, January 2016
How much does it cost?
The Fire Brigade Group Income Protection Cover Plan is designed to be affordable for every member. It is remarkably good value because it’s negotiated on a special ‘group basis’ exclusively for Fire Brigade employees and harnesses the purchasing power of the collective.
The contribution rate is currently set at €11.78 gross per week.
You are eligible for tax relief at your highest rate of tax on the contributions that you pay.
This means that the net contribution rate is only €7.07 per week after tax relief is applied, if you are paying tax at the higher rate.
The Real Question is…
Can you afford not to have this Income Protection insurance in place for you and your family? Membership of the Plan is a small price to pay for the security and peace of mind that this cover provides.
What do I need to know?
Income Protection is a simple, tax-efficient way to protect your family and livelihood in the event of illness or injury.
Full information about the Fire Brigade Group Income Protection Cover Plan can be accessed via the links below:
Should you have any queries, please call us on (01) 470 8078.
How to make a claim?
Please click here for a Step-by-Step Guide to making a claim from the Plan.
Cornmarket is not automatically notified of your absence from work through illness. Ideally, we should be informed about approximately 8-9 weeks in advance of your salary reducing to half pay or ceasing altogether. As soon as you become aware that, due to illness or injury, your salary is likely to reduce to half pay or cease altogether, please let us know by:
- Phone (01) 408 4018
- Online Click here
- Post SPS Claims Department
Cornmarket Group Financial Services Ltd.
A Claims Service you can Trust
Cornmarket’s in-house, dedicated Salary Protection Claims Team are here if you ever need to make a claim. You can rest assured that it will be dealt with in the efficient, professional and sensitive manner that you deserve.
We’re here to help you.
Important: You must remain an employee of the Fire Brigade to remain an eligible member of the Fire Brigade Group Income Protection. If you leave the employment with the Fire Brigade, you must inform Cornmarket in writing as you can no longer stay in the Plan and you will not be able to claim from it.
Friends First Life Assurance Company Ltd. is regulated by the Central Bank of Ireland.