If you are unable to earn an income, as an employee you may be entitled to some state benefits and as a self employed person, no are not entitled to any state benefits.
In both cases, Income Protection is a solution, whereby you can cover up to 75% of your income, against being unable to earn your income because of sickness, accident, injury, disability, which is payable after a specified period and up until a specified age.
Eg, A 35 year old self employed accountant earning €60,000 per year can take out an income protection plan with a 3 month deferred period that will provide him with an income of €45,000 per year until age 65 (or whenever he is able to return to work to earn an income again)**
**This example is for illustration purposes only.
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