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Life Insurance Options
Now that you’re looking for insurance have you started to look at the different types available, suddenly nothing seems as straightforward. Like most people, you might now have decided to purchase insurance because there are other people depending on you financially. The first thing you need to know is what insurance suits your needs? Before making a final decision however, these are the things you should consider; What is the value to you? If you’re a parent with young children, insurance is a good idea to ensure they are provided for in the event of your death. However, if you’re a single person without dependents then consider who will benefit and whether the policy is worth your long term financial outlay. What do you...A guide to setting up your Life Insurance in Trust for your family’s future
There are a whole host of potential benefits to writing your life insurance policy in trust, yet at present only 6 per cent of people do so. When planning for your family’s financial future you should take every step available to protect their standard of living. By taking a few simple steps and arranging your life insurance in the right way, although it is not applicable in every case, writing life insurance in trust can benefit your family in a number of ways. What do we mean by a trust? A trust agreement allows you to set aside a single or number of assets for the benefit of a specified individual or a number of people. Trustees are specified who manage the assets until such a time when the trust dictates control of the asset is to...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...