Mortgage Protection

Mortgage protection is a life assurance policy which pays out a lump sum on death, equivalent to the value of the outstanding mortgage. It’s normally a condition of your mortgage agreement that you have this in place and your lender may also insist on taking an assignment over the policy. The sum assured under the policy decreases in line with your remaining term and balance and the policy ceases at the end of the mortgage term. Provided you are in good health, mortgage protection is relatively inexpensive and straightforward to set up.

Life Assurance

Life Insurance is an effective way to ensure that, should you die prematurely, that your loved ones are left in a financially secure position. A position whereby they get to keep their home, stay in their neighbourhood, pay bills and put food on the table. Your children can remain in the school that you wish for them, and the proceeds of a life insurance policy can make this a reality, helping to finance their everyday needs until they are old enough to look after themselves. Your partner can have their financial pressures eased significantly. There are many differences between one policy and the next, we can talk you through the various plans in finding the right one 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.

Specified Illness

Specified Illness cover is a product which, upon exact diagnosis of a listed specified illness, pays a lump sum to the insured for the amount covered. Each insurance company covers mostly the same illnesses, although their definitions can be different in certain circumstances. It can be included as part of your Life Insurance cover, Mortgage Protection cover or can be taken out as a separate policy. We will advise you as to the most cost effective way to effect this, where appropriate.

Income Protection

Your most valuable asset is your ability to earn an income. Take a minute to think about what your income pays for. Your mortgage, your car, your bills, your shopping. It pays for everything around you. So doesn’t it make sense to protect the one thing that pays for everything? 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.

Additional Benefits

There are various additional, also known as rider, 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
• Surgical Cash
• Broken Bones
• Indexation of Benefits
• Conversion Option

We can advise whether any of the above are appropriate for you, depending on your overall circumstances.