Ep 36: How Income Protection Helped Liz During a Life-Changing Cancer Diagnosis

Описание: In this episode of The Personal Finance Show on Dublin City FM, Paul Merriman from askpaul.ie is joined by Liz Kavanagh, who shares her incredible journey from a routine life to facing a life-changing cancer diagnosis—and how income protection made all the difference.

Liz opens up about her year-long battle, from initial Crohn’s-related symptoms to surgery and chemotherapy, and how she discovered the value of having a financial safety net she didn’t even know she had. Through her story, she highlights why income protection is one of the most important financial products anyone can have, especially for self-employed people or those without company coverage.

We cover:
-Liz’s personal health journey and unexpected diagnosis
-How income protection worked in practice and why it mattered
-The claim process and what to expect when applying
-The difference between corporate policies and individual policies
-Tips for self-employed workers and anyone without company benefits
-How to avoid a financial crisis during a serious health issue
-Why planning for protection is as important as saving and investing

Whether you’re employed, self-employed, or just thinking about your financial safety net, this episode is packed with practical advice and real-life examples that could save you stress, and money, if the unexpected happens.

00:00 Income Protection Insurance: Real-Life Case Study & Show Intro
04:30 Income Protection Wake-Up Call: Finding Out You’re Covered
06:15 Income Protection Claims: Medical Evidence, Reviews & Timelines
07:22 Protect Your Income: Why Income Protection Is Core Financial Planning
08:54 Income Protection Payouts: How Salary Top-Ups Work (Up to 70%)
10:06 Employee vs Self-Employed: Securing Income Protection Cover
11:24 Tax Relief & Cost: Making Income Protection Affordable
12:20 Choosing the Right Policy: Providers, Terms & Retirement Age
14:14 Deferred Periods Explained: Aligning Cover with Sick Pay
19:09 Final Takeaways: Build Financial Resilience with Income Protection

#incomeprotection #financialplanning #askpaul #personalfinance #cancerjourney #selfemployed #financialadvice #healthandfinance #protectyourincome #insuranceawareness #financialsecurity