Archive for January, 2013
Life Assurance in Ireland
Thoughts of purchasing life assurance often conjure up images of hard-nosed sales men waving about reams of paper and being successfully vague. A lot of people would have decided against life assurance purely because they didn’t understand well enough the benefits. It’s well known that there are is a certain type of sales person to avoid at all cost. He’s the type who, when you go to buy something you need time and patience with, he’ll bamboozle you with facts, statistics and scare mongering. However, life has changed. The simple truth is that there is no law that says you must have life assurance. Indeed certain circumstances may require it, for example a mortgage provider may need to see that the amount paid out can and will be...Does mortgage protection insurance make sense for you?
Does mortgage protection insurance make sense for you? Does mortgage protection insurance make sense for you ? Many people are confused as to whether paying mortgage protection insurance makes good economic sense. Let’s take a look… Mortgage protection insurance is an invaluable product for those who have a mortgage, helping to provide peace of mind in the event of the early demise of one or both of the life assured during the term of the mortgage, the outstanding balance on the mortgage will be repaid in full. You can also protect the loan in the event of the lives insured being diagnosed with a serious illness throughout the course of the mortgage term. Without mortgage protection insurance, those who do experience a life-chan...Term Life Insurance
Term Life Insurance From the outset we tell our customers that this type of insurance doesn’t suit everyone. It is a less expensive form of life insurance because it simply covers the insured person(s) for the length of the term. If you so choose, you can take out this type of cover for ten years, or even throughout the duration of your mortgage. Again, it really depends on the individuals specific circumstances. Premiums are generally lower, and therefore sometimes a more attractive option for some. In the event of a death during the term of the insurance, the agreed sum will be paid out. However, when the term ends, there will be no recompense. However one can include a convertible option to a term plan which means that at the end...Who Needs Life Assurance?
Life Assurance is quite a personal decision to make. Only you are aware of your own circumstances,and thus it is only you who can say whether life assurance will actually benefit you. However, there is more obvious criteria for people to purchase this type of cover. 1. If you’re planning on starting a family or have a young family, life assurance can be a great benefit to you. Bringing a child into the world is a huge responsibility. You don’t mind getting up in the middle of the night to feed your tiny bundle of joy, or to hold a little one after a bad dream, do you? It makes sense too then that you’ll safeguard against almost anything to protect his or her future. 2. Singles without any dependents may consider life as...Lying to Insurance Companies? Always be Honest!
We’re all looking for ways to save money, whether it’s by switching from one service provider to another or simply shopping around. As we know though, there are certain things in life where there is no point to cutting corners. One of these things is life assurance If you’re paying a monthly premium as a non-smoker yet you do actually smoke, you’re effectively burning good money. The reason for this is because an underwriter will have collected all detail between yourself and your doctor or the medical report you provided and painstakingly worked out the most competitive package for you. If even one detail is incorrect, the policy is thus invalid. If the policy is invalid, yet you have been paying, it won’t make much any diffe...