Life can be unpredictable, but having the right insurance cover can provide peace of mind for you and your loved ones. By supporting your family in case of unforeseen events, life insurance is a safety net that can make all the difference.
At Financial Planner, we know that navigating the different types of life insurance can be overwhelming. That’s why we’re here to help you understand your options and find the perfect coverage to suit your needs. Our team of financial experts will guide you every step of the way, ensuring you feel confident about your choices and the protection you have in place.
Let’s dive into the various types of life insurance available to you.
Provide financial security for your loved ones over a set period of your choosing (typically 2-40 years), usually during your key working years. If you pass away during this term, your family will receive a lump sum payment, offering vital support when they need it most.
Protecting your family during the years when they rely on your income is essential. With a Term Protection plan, your family is financially supported if you pass away within the chosen term. If a claim is made, a once-off lump sum is paid out. This money can be used to cover essential costs, such as living expenses, childcare, education, or medical bills. You can have peace of mind knowing that your loved ones are safeguarded from financial hardship if the unexpected happens.
Serious Illness Cover is a type of insurance that provides a tax-free lump-sum payment if you’re diagnosed with a serious, life-altering illness such as cancer, heart attack, or stroke. This financial support can be used however you need—whether it’s for specialist treatment, day-to-day living expenses, household bills, or even making necessary adjustments to your home.
You can take out Serious Illness Cover as a standalone policy or add it to your existing Term Assurance Plan. This flexibility allows you to create a tailored plan that suits your lifestyle, needs, and financial situation, ensuring that you’re well-protected during critical moments.
Facing a serious illness can bring a wave of physical, emotional, and financial stress. Being unable to work while dealing with the cost of medical treatments or everyday living expenses can quickly become overwhelming.
Having this cover in place means that if the unexpected happens, you won’t have to worry about how you’ll pay for necessary care or how your family will manage financially. It ensures that you can take the time you need to recover, pay for vital medical services, and keep life running as smoothly as possible for you and your loved ones.
Whether you’re single and covering your own needs or you have dependents relying on your income, Serious Illness Cover gives you peace of mind that you won’t be caught off guard financially during your toughest times. It’s an essential safeguard to help you focus on your recovery without added financial strain.
Cancer Cover is a type of insurance designed specifically to provide financial protection if you’re diagnosed with cancer of a specified severity. Unlike traditional Serious Illness Cover, Cancer Cover’s sole focus on cancer makes it a more affordable option.
If you’re diagnosed with a qualifying type of cancer during the policy term, you’ll receive a tax-free lump-sum payment, giving you financial flexibility during a challenging time. This cover can be purchased on its own or added to an existing life insurance policy, allowing you to tailor your coverage to your unique needs.
Cancer is one of the most prevalent serious illnesses in Ireland, and nearly every family has been touched by it. The financial strain that comes with a cancer diagnosis can be overwhelming, with costs related to medical treatment, lost income, and other daily expenses piling up. Cancer Cover provides a vital financial safety net, helping to ease these burdens so you can focus on what matters most—your recovery.
Pension Term Protection is a form of life insurance designed for those planning for retirement in Ireland. It provides a lump sum payout if the policyholder dies before retirement age—and it’s structured to qualify for tax relief.
Whole of Life insurance under Section 72 of the Capital Acquisitions Tax Consolidation Act 2003 is a powerful tool for inheritance tax planning in Ireland.
This policy is designed specifically to cover the tax bill that may arise when your estate is passed on to your heirs. Without such a plan in place, families across Ireland—especially in higher-value property areas like County Dublin, County Meath, or County Kildare—can face substantial tax liabilities.
Terms, conditions and underwriting criteria may apply.
