Life is unpredictable, but with the proper life cover and serious illness cover, you will always have peace of mind.
Whether it’s yourself, your family, or business, we can help you decide what’s right for your needs now and in the future.
The purpose of Life cover is to ensure that, should you die prematurely, your loved ones are taken care of. That they are in position to keep their home, stay in their school or college, and generally maintain the life they had prior to your death.
As part of your overall Financial Planning review, Gillian will talk you through the various plans and options. She will help you find what’s right for you and your family. With cover starting from as little as €15 per month, it is an affordable way to give you peace of mind, and protect what matters most.
Mortgage protection is a life insurance policy that pays the remaining balance on your mortgage, upon death. It is normally a condition of your mortgage approval that you have a mortgage protection policy in place. This will generally be assigned to the mortgage provider. So if you die, the insurance company pays the sum assured to the mortgage provider and the mortgage will be cleared. The policy amount decreases in line with your remaining term and balance. The policy also ceases when the term is finished. Provided you are in good health, mortgage protection is very simple and straightforward to set up.
Specified Illness cover will provide you with a lump sum upon exact diagnosis of a listed specified illness. While Insurance companies cover broadly similar illnesses, Gillian will explain what one offers ahead of another and this will allow you to decide what is most important to you, given your family history or pre-existing conditions.
If asked what your most valuable asset is, you would probably say your house, but when you think about it, your most valuable asset is your ability to earn an income. If something happens your income, what pays your mortgage, car loan, bills, groceries etc. It makes sense then to protect your income. By protecting your income you are ensuring that should you be unable to work for a period of time, there is something there to pay the bills.
Income Protection can cover up to 75% of your normal income (less disability benefit if eligible), and covers any injury, illness or accident. The policy benefits can be tailored to work alongside your current employer sick pay benefits. For example, if your employer pays for your first three months of long term illness, we can tailor an income protection policy to ‘kick-in’ straight after this period. Cover can last up until age 65. As part of your financial planning strategy, income protection is important as it pays the bills when you can’t.
There are various additional benefits that can be added on to life insurance and mortgage protection policies if and when appropriate. These include
Hospital Cash Cover
Personal Accident Cover
Indexation of Benefits
Gillian will advise you on your current needs and if any of these additional benefits are necessary.