Financial Services Cork | Life Insurance

Life Insurance

Life Insurance can play a very important part of your financial planning. If you have a family that rely on you providing an income, Life Insurance provides security or the family finances. It can bridge the financial gap between a parent dying and their children being able to work for themselves. Basically, Life Insurance could help to maintain your family’s standard of living and make sure that your children have all the opportunities you’d love them to have, such as going to University.

It’s practical - Your income pays the bills that keep a family going. The childcare, new clothes, the new bike, a college education, the list goes on and in the case of a single parent family items like childcare can actually increase if the surviving parent has to work. Depending on the age of your children, you can choose a 10 year plan, a 20 year plan etc.

It’s probably more affordable than you think - In a recent survey [Source : Irish Life] 70% of people thought life insurance costs over €35 a month, which is more than twice the normal starting cost of €15 a month for €100,000 cover for a typical 35 year old parent.

Should it be part of your monthly savings budget? - Life Insurance is not a savings plan but it is worth considering that it would take the average household 80 years or more to save €100,000 for their family by putting €15 by on deposit to help their family financially in the event of death. In that context it can secure a lot of peace of mind for your family financial plans. [This example is for illustration purposes only]

“Our job is to help understand the need for such cover and ensure that we protect what’s most important to you in cost effective manner”