Why You Need To Start Your Pension, And Why It’s Not So Scary
- 28th February 2022
- 057 9335955
- info@mylifefinancial.ie
- Mon - Fri: 9:00 - 18:00
Protection for your family - Peace of mind for you.
Whether you’re a first-time mum or dad, or you already have a brood – you’ll know that caring for and protecting your children is top priority. What would happen if, for some reason, you couldn’t provide for your family? A life insurance plan can be used to safeguard your family from the financial hardship that comes with unexpected illness or death. With a Term Protection plan, you can set up this insurance to cover a specified period of time for the cover, when you feel your family are most dependent on you.
What is Term Life Insurance?
Term life insurance or ‘term protection’ is over an agreed term. If you die or become ill during this term, your family will be provided for financially. It can give great peace of mind to have this cover for your key working years, when you may have dependents who rely on your income. The premium is also guaranteed never to increase.
How does it work?
A term life insurance plan is designed to protect your family financially if you die or become seriously ill during that period. You will pay a set amount on a regular basis towards the policy (usually by direct debit) for a set period of time. If you die or become ill during the term chosen the policy will pay out so that your dependents are cared for financially.
Protection
Your family is safeguarded from a substantial financial burden.
Increased Security
You can add cover for many serious illnesses.
Partner Cover
Cover for your partner on the same policy.
Who is Term Protection for?
This plan will be suitable for people who want to protect their family if they die, or become seriously ill. It will appeal to people who wish to have cover for a specific period of time of their choosing. You must be aged between 18 and 75 to take up this kind of life insurance.
Help and Advice
How much life cover do I need? How much will I have to pay per month? Who will the life cover protect? You’ll have lots of questions when it comes to choosing the right kind of life insurance. We are on hand to talk you through your options and to help you find the product that suits you the best.To discuss term life insurance, just get in touch!
Get in Touch Directly
- 057-9335955
- matt@mylifefinancial.ie
- mylifefinancialireland
- MyLife Financial, Correagh, Mount Temple, Co. Westmeath
Send Us A Message
What is Whole of Life Cover?
Whole of life insurance or whole of life cover, as you’d expect, is an insurance plan that lasts for a whole lifetime, and is not limited to a specific term. If you pass away this policy will provide a lump sum payment to your family.
How does it work?
When you take out a whole of life insurance plan, we’ll help determine the level of cover you need. It will depend on your circumstances and those dependent on you. You will then pay a set amount on a regular basis, usually by direct debit. The policy will then pay out a lump sum to your family, should you die. The premium is also guaranteed never to increase.
Who is Whole of Life for?
This plan will suit people who wish to have cover for the rest of their life – and not just a specified term. It will appeal to those who have assets that they wish to protect against inheritance tax. Whole of life Cover can be taken out by anyone aged between 45 and 74 years of age.
Secure
Life Insurance means your loved ones are financially protected if misfortune strikes.
Considerate
Your lump sum payment may be used to cover funeral expenses.
