Protecting what’s most important,
Life brings the unexpected.
The only thing you can be sure of is that you can’t be sure.
It’s not a nice thing to think about, but what happens to you and your family if your income isn’t there anymore?
Protect your home, your family and your income so that when life takes an unexpected turn you and your family are prepared and financially secure.
Term Assurance is a plan that offers an amount of cover over a specific term. The longer the term, the more expensive the cover. It is possible to have a short-term policy and have a guaranteed cover option on it.
This means that when the term is finished you will be guaranteed the same cover for the same period again. However, as you will be older at that stage, the cost will increase.
The main advantage of a term assurance policy is the flexibility it offers. In order to find the best policy for you please contact our team today to arrange a Life Cover Assessment.
Income Protection is one of the most important kinds of cover you can have, especially if you are self employed. The reason for this is that self employed people cannot claim social welfare payments should they become unable to work due to a illness or injury!
Your income is your most important asset and without that, everything stops.
Contact Pax Financial Planning today to discuss the differing levels of cover that you can put in place and how your cover can be structured in a tax-efficient manner.
Whole of Life
This type of policy is for the whole of your life, not just for a specific term. Note that premiums must be paid in order for cover to be maintained.
A Whole of Life policy is ideal for protecting yourself against the heavy tax burden that comes with inheritance. If you are looking for advice in this area, Pax Financial Planning can research the market to find the best plan for you.
Serious Illness Cover
Serious Illness cover typically runs in conjunction with a life assurance policy. However, it is also possible to take out a standalone serious illness policy.
When we talk about serious illness cover, we refer primarily to heart attack, cancer or stroke. However, some products cover up to 44 illnesses such as Alzheimer’s disease, loss of one limb and Parkinson’s disease, to name just a few.
Statistics from the Irish Cancer Society show that one in three people will develop cancer during their lifetime and for this reason, it is extremely worthwhile considering a comprehensive serious illness policy. There are currently five providers in the Irish marketplace offering serious illness cover and each product is completely different.
Please do not hesitate to contact Pax Financial Planning if you are considering this type of cover. Our qualified team can assist you in getting the best cover available.
A mortgage protection policy does exactly what it says on the tin! Cover amounting to the value of your mortgage is arranged over the term of the mortgage. In the event of a mortgage holder dying, the policy is used to clear the outstanding mortgage.
It’s a very simple concept, but as with other types of protection, there are various ways of arranging the policy to maximise the benefit to you.
The majority of people with mortgage protection cover took the policy out at the time of their mortgage. If your circumstances have changed in the last number of years, your mortgage protection policy may not be providing you with the correct level of cover.
If you have an existing mortgage protection policy and would like to review it, please don’t hesitate to contact one of the team.
We offer a financial planning service that is built around you.
Our team of highly qualified consultants will provide you with honest and unbiased financial advice that you can trust.