Life Insurance:

Mortgage Protection Mortgage protection insurance is designed to pay off your mortgage if you die.

Serious Illness insurance pays you a tax-free lump sum if you are diagnosed with a specific illnesses or disability...

Income Protection pays you a regular income that replaces part of your lost income if you have a long-term illness or disability and you can't work.

Retirement Plans:

PRSA's Personal Retirement Savings Account

Personal Pension Plan A personal pension plan is a private pension policy that is managed for you by a life assurance company or investment firm

How much should you contribute All personal pension plans and PRSAs are set up as defined contribution plans.

Skype Tony O'Neill

Do you need Life Insurance? PDF Print E-mail
 

You may need life insurance if:

  • Your family or others rely on you for financial or other support – for example if you work in the home or in a family business, your family would have to pay someone to do the work you currently do
  • You have any loans or debts, such as a mortgage on the family home
  • You act as a guarantor on a mortgage for someone

You may not need life insurance, or you may need less cover if:

  • No-one depends on your income or work
  • You have death-in-service benefits through your job or pension plan
  • You have enough money for your dependants to live on if you died
  • Your dependants would able to live on any social welfare benefits they would get if you died
  • You have investments or property that could provide an income or be sold
  • You are older and your family is grown up and financially independent
  • Your partner is earning enough money to live on