Do I need life insurance?

*****LIFE INSURANCE IN SIMPLE TERMS*** By Philip Cullen Do you need life insurance? The answer to this question depends, ironically, on whether anyone depends on you. For example, if you have children, then yes, you probably do need life insurance – because they depend on you financially. This is the case even if you don’t work and instead are the unpaid nanny/cleaner/chauffeur/cook/secretary or superhero of the household. If you want to protect your contribution to […]

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Who is going to fill their shoes?

Who is going to fill their shoes? Have you considered the impact the death of a key employee or business partner would have on your business? Business owners and their families throughout Ireland are facing this issue everyday. Some, however, are much better prepared than others. As a business owner, you protect your property, your vehicles and equipment. But have you considered what would happen to your business if you died prematurely and the financial […]

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Who is going to fill their shoes?

Have you considered the impact your death, the death of a key employee or business partner would have on your business?

Business owners and their families throughout Ireland are facing this issue every day. Some, however, are much better prepared than others.

As a business owner, you protect your property, your vehicles and equipment. But have you considered what would happen to your business if you died prematurely and the financial impact that it could have on your family? Would your family stay in the business or would they sell the business?

You may also need to consider the impact on your business of the death of a key employee or business partner. Would you have the funds available to buy your co-owner’s share of the business from their family? Would the business be able to sustain the financial loss on the death of a key employee?

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Get the most from your money with a financial plan

Get the most from your money with a financial plan.

If you haven't given any thought to planning out your financial future then you should do it now. A plan can help you get the most from your money and help you achieve your goals in life. If you don’t draw up a plan, you’re more likely to end up in a financial mess. Drawing up a plan sounds tough, but it’s easier than you might expect

Here are five financial perils that could inflict serious damage if you don’t have a plan.

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3 Top Tips

 

Please take a minute to read our 3 top tips for mortgage protection policies.

 

1.       Most mortgage protection policies are assigned to banks to cover loans from borrowers, but what most people don’t realise is that you don’t have to use the same company that provides the mortgage and you can change the provider at any time, if you can find a better price. There has never been a better time to review your cover. For example one provider is offering to match the lowest price on the market and then give an additional 10% discount for the full term of the policy. Terms and conditions apply.

 

2.      If there are two people on the mortgage, the mortgage protection is normally sold on a joint life first death, decreasing term

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Your health is your wealth. Or is it?

With the lifetime community rating (LCR), now in place, it is thought that between 75,000 and 100,000 people signed up ahead of last Thursday night's deadline*. It’s reported there was an even split between people buying quality health cover and those buying a cheap, entry-level plan.

It's worth bearing in mind that not having private health insurance does not mean that you can't get access to top quality healthcare if you want. If you're willing to bear the full costs of treatment, then you can have all the top quality healthcare you want, when you want. It's just that many people could never afford it.

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Save up to 40% with Tax efficient life cover.

Chances are you were never informed that you can save up to 40% on your life cover. This is one of the best kept secrets in the insurance world.

We all know taking out Life Cover is a good idea...

But sometimes with all the other demands on your income such as mortgage payments, utility bills, holidays, school fees, the weekly grocery shop... it can be hard to see how to budget for Life Cover. However, there is a solution available that delivers the peace of mind that comes from knowing that these expenses can be covered should you die. In fact, it can cost up to 40% less* than a regular Term Assurance policy.

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Three reasons you may be underinsured

Many of us don't take out enough insurance. It can be a costly mistake.

It is very easy to have too much insurance. Everyone, everywhere always seems to be offering you cover for this or that. But plenty of us go the other way, leaving ourselves short of cover when we need it most. Let's take a look at three simple ways that you could leave yourself underinsured.

 

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Planning, expecting or raising a child?

You may not have a minute to spare – but finding one to read this will be worth your while…

Becoming a parent will naturally cause you to evaluate your priorities, and protecting your family will undoubtedly be top of this list. There are thousands of new parents in Ireland right now going through the same wonderful life changing experience as you are, with Ireland currently in the midst of a Baby Boom, having one of the highest birth rates in the EU. (CSO 2012)

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How much do you need?

  How Much Life Insurance Do I Need?   There is no exact “how much life insurance” figure that you should put in place so don’t worry about trying to calculate an exact amount.   There are two ways to calculate how much life insurance you need:   1) Lump Sum Life Cover   Life cover leaves a lump sum to replace your income when you die? Here are two typical ways to calculate you […]

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Do I need cover?

What is Life Insurance? Life insurance is a simple product designed to provide a lump sum or Monthly income payment on death. It is designed to provide your dependents with financial security on your death and ensure that they are not left with a shortfall in income. It can also be used to protect mortgage and loans to ensure they are not passed on to your estate. Ask yourself: When did you last review your […]

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