You pick the limit or time-frame.You can cover your income for 10, 20, 27, 32 (however many  years you like) up to a maximum age of 70.So if you buy an income protection policy to age 65, your policy will pay you a replacement income until you hit 65.The income you receive doesn’t scale back.If you insure yourself for €5000 per month, you’ll receive a taxable income of €5,000 per month until your policy ends.In fact you can add “claim escalation” to your policy – this means your payout increases by 3% every year you are out on claim.