Archive for the 'Risk Benefits' Category

E-cigarettes and life cover

When it comes to buying risk benefits, whether you smoke or not is a major factor in the price of your cover. For life cover and specified illness cover, you can expect for the cost to be double for a smoker than it for a non smoker. The increase for income protection isn’t as much […]

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The need for income protection

I went to the barbers recently to get a haircut. The barber was as mad a box of frogs and was chatting away to me about this or that. During the chit chat she asked me what I did, so I told her I help people with their money. People normally switch off when I […]

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How much life cover do I need?

Life cover is a necessary outgoing for most of us, especially if you have a family; we all know how expensive children can be. I have heard some people use a rule of thumb of 10 times salary, which to me, is far too general. That’s just plucking a number out of the sky and has […]

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Income Protection Claims Process

A few weeks ago, a woman sued Irish Life  over an alleged failure to pay an income protection claim. The case was eventually settled out of court. For sick clients, this is a nightmare scenario, you are unable to work, your income has stopped and you make a claim on the insurance policy that you […]

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Why you need income protection

Clients come into me with lots of plans for what they want to do in the future; renovate an old house, go scuba diving in tropical waters, own a log cabin, even just maintain their current lifestyle. All these ambitions are based on their ability to earn an income. What is income protection? Income protection […]

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When do you need life cover?

Life cover has two main roles; (1) replace lost income and (2) cover large debts. While it is cheap when you are young, it is another expense that you are committing to paying for most of your working life. There are enough demands on your money, so why pay for something you don’t need. Today, […]

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Life of another cover

In last weeks blog, I suggested cohabiting couples take out life of another cover to protect themselves financially if their partner dies. People have been asking me what life of another cover is and how does it differ from normal life cover. Life of Another Cover Usually, people take out life cover on their own […]

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Key Person Insurance

In 95% of the key person insurance plans that I have set up for clients, it is because a bank had requested it before they give a loan. Key person insurance has a lot more benefits than just that and company owners should be looking at using it a lot more to protect their company. […]

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Reducing an Inheritance tax liability

In 2009, a child could inherit €542,544 from their parents and pay Capital Acquisitions Tax (CAT) of 25% on the remainder. Fast forward to 2014 and a child can inherit €225,000 tax free and pay CAT of 33% on the remainder. In Ireland, where parents still feel the need to leave an inheritance, the inheritance […]

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How much insurance do I need?

There is a fine line between not having enough insurance and being over insured. After all, you can take out insurance against almost anything these days. If you take out all of these policies, you will soon find all of your money going on premiums and not enough money to spend on living. So, today […]

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