Most of us take good health for granted and expect a long and healthy life, but it is a fact of life that we all know or are aware of friends, colleagues or family members who have died, and in some situations leave a financial problem behind. Death and serious illness is a part of life and illnesses such as cancer and heart disease will affect more than 50% of people. Therefore what type of protection do we need?

Term Assurance

This is a capital payment resulting from the death of the assured. It is not necessary for all, but it is essential for couples with dependants. There are also plans for executives and employees in the form of "Company Buy Back" and "Keyman" insurance.

Critical Illness

A capital payment is made on the diagnosis of a serious illness. You must survive 14 days after the diagnoses for a payment to be made. It is essential to read the small print of these plans.

Income Protection

This is an excellent way of providing to replace a loss of salary/income in the event of an illness. Can be arranged on a standalone basis or part of a pension plan.

Mortgage Protection

Obligatory to those who are taking out a mortgage, and under age 50. The principal is similar to that of life cover but the difference is that as the mortgage matures the value of protection falls. This is the cheapest form of life cover in the market place.

In some instances it is possible to have one plan with a life company that will provide all the above mentioned protections. Alternatively they can be arranged on an individual basis.

We are regulated by the Central Bank as Restricted Activity Investment Product Intermediary and are in a position to offer independent advice on all of the above plans.