Archive for April, 2013
Should you choose single or joint life insurance?
Reaching the decision that life insurance is the product you need to safeguard the financial future of your dependents upon your death is only half of the battle. The next factor for couples to consider is whether they will be better off with one policy or two. When arranging your life insurance policy, it’s important to understand the differences between joint and single life policies. The right choice will not only ensure you and your partner receive the best value from a policy, but also that the benefits offered by the scheme are suited to your particular circumstances. What are the potential problems of a joint policy? In general, joint policies do not cost as much as two single policies, making them an attractive propositio...Buying mortgage protection insurance
With so many alternative products available which provide a similar level of protection, the process of buying mortgage protection insurance can be a confusing one. With that said, it is essential you remain focussed and mindful of the exact protection you require from your policy and are not distracted by the wealth of other options. Read our guide to buying mortgage protection insurance. Understand the cover you need If the ability to meet mortgage repayments is your biggest concern, then it is likely that mortgage protection insurance will provide cover which is most suited to your needs. Mortgage protection insurance provides extensive coverage and premiums are competitively priced. If you do not have a mortgage and are primar...Lack of homeowner savings highlights the importance of IPI
A recent survey carried out by a leading financial institution has highlighted the value of income protection insurance for homeowners, revealing that 31 per cent of households have less than €250 set aside as a financial safety net. The results of this research fly in the face of the recommended minimum ‘salary cushion’, which prescribes that householders should have at least three months’ average take-home pay, which is currently amounts to €5,756.20.The survey of over 1,000 households has also revealed that just under a fifth (19 per cent) have no savings at all, whilst 12 per cent have less than €250. When stacked against a typical household’s average monthly outgoings, currently €1,669, these savings would last for j...Income protection insurance FAQs
As a team of specialist online insurers, our customers often ask us questions about income protection insurance, and so they should - that’s exactly what we’re here for. Although we are more than happy to answer any questions over the phone, we have also compiled this helpful list of income protection insurance FAQs to provide the information you need. What is income protection insurance? Income protection is a form of insurance cover which provides you with a replacement source of income if you are unable to work due to long-term illness or accidental injury. Typically, income protection insurance pays up to 75 per cent (less social welfare payments if any) of pre-illness income, and will normally not payout until you have been o...Saving for a comfortable retirement – just how much is enough?
We all understand the importance of saving for our retirement. The last thing we want is to work and toil throughout our lives, only to have to watch every penny when it comes to our retirement. When investing in a a pension, it is a good idea to have some idea of just how much money you’ll need to be comfortable; here’s our guide... How much do you need to live on? Trying to get an accurate idea of just how much money you’re going to need to enjoy a comfortable retirement is not always easy, after all, there’s no way of predicting how much items will cost, and what later life has in store for us all. The first thing to consider is whether you will have paid off your mortgage by retirement age, or if you will still be forki...
