We do not know what the future holds for any of us and that is why is essential to ensure that you are covered should you have a serious illness and that your family are covered should you pass away.
Why you need Life Cover or Serious Illness Cover?
Life & Serious Illness Cover allow you to protect the well-being of your family and allow them to cope when you are not able to financially provide for them.
What is Life Cover & Serious Illness Cover?
Life assurance is essential to protect your family financially in the event of your death. It can be inexpensive with premiums starting from as little as €13.00 per month. Life assurance is a tax free lump sum paid out upon death and is used to pay off loans and generate income until your children become financially independent or your spouse has reached retirement age.
- A lump sum on your untimely death
- Your mortgage repaid due to death/illness
- Protecting your regular income
- Cover regarding you being diagnosed with a Serious Illness.
- Lump sums to replace lost profits should a key member of your business die or suffer a long-term illness
How much cover do I need?
This varies depending on your own financial circumstances. A good basis to use is your current salary or earnings. The cover should be a multiple of this amount, taking into account the number of years your family or business will need your financial support.
Why it pays to start early?
The premium for Life and Serious Illness Cover rises with age and as you get older you also run the risk that your good health will decline as time goes by. It is important to understand that deteriorating health can result in significant premium increases or you may not qualify for the cover at all. So the earlier you start your cover the better.
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