Protecting What’s Important
Many people do not realise the financial impact that an unexpected serious illness, injury or premature death can have on a family. The unfortunate reality is that Irish families are struck by these events every day and the impact can be significant and long lasting.
Protection is the most important part of financial planning. It is the practical way to ensure that if the worst were to happen, your family would have sufficient money to maintain their lifestyle.
Having a protection plan in place is an effective way of providing peace of mind knowing that you have protected the people and items that are most important to you.
Making sure you and your family are covered for the unexpected.
Why might you need cover?
We advise clients in the areas of life insurance, mortgage protection, serious illness and income protection insurance.
We openly encourage all individuals to review their arrangements for three reasons:
They are paying too much for the cover they currently have.
They are under-insured.
They are over-insured.
Anyone who has a mortgage would have purchased mortgage protection.
This is the area we always advise our clients to review, as it is inevitable that their circumstances have changed since taking out their mortgage
This is for a number of reasons:
- They may have purchased cover which may not be required or necessary.
- They may have had a period of interest only on their mortgage which would need to be reviewed in terms of the cover they have and loan outstanding.
- They may have stopped smoking since taking out the mortgage.
- They may have changed jobs.
- They may have had children or have had more children.
There are also lesser known tax-effective protection options available to people, which our advisors can explain. These include plans such as Pension Term Protection, which is a protection plan with tax relief (individuals do not have to have a pension to avail of this type of plan).