Personal / Family Life Assurance
Nobody likes to focus on their mortality but it is financially essential that you consider life insurance, whether you have a young family or dependents, taking a mortgage out or just trying to avoid your family paying estate taxes on your death.
The cover should be sufficient not only to cover any liabilities on your death including mortgages and other debts but sufficient capital to provide your dependents with some level of financial security.
Serious Illness Protection
"Serious Diseases require serious means.”
Serious Illness Protection
Serious Illness Protection provides a TAX FREE LUMP SUM in the event that you are diagnosed with one of the specified illnesses covered under the plan.Specified Illnesses
Most insurers cover over 40 specified illnesses in their policies including cancers, heart disease, stroke, renal failure, paralysis, major organ transplant as well as a range of other conditions.Pay-out
A claim pay-out normally requires the insured person to survive at least 14 days after the diagnosis of a serious illness.Income Protection
Income protection
Income protection offers financial security for you and for your family if you are unfortunate enough to be out of work because of an illness or accident, and suffer a loss of earnings as a result.Taxable
The benefit you receive is treated as taxable income, and will continue until you are fit to return to work or retire. In most cases there is a limit on the amount of benefit you receive – generally 75% of salary less any Social Welfare entitlement. The premiums are tax deductible up to certain limits.What would you be willing to give up?
As with insurance in general, there are terms and conditions and you should make yourself familiar with these in consultation with your Efficient Financial adviser.
Inheritance Tax
Prudent Estate Planning is essential to ensure that the assets you spent a lifetime putting together are safeguarded on your death.
Insurance can play a significant role in ensuring that this happens.
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