Guide to Protection
What is Protection
We all know the importance of protecting ourselves and our families against any financial hardship that could be caused by an illness or death in the family. Basically, Life Protection plans are designed to give you peace of mind by replacing lost income and providing a monetary benefit to your family when it is needed most.
There is a range of options that offers protection against things that could affect your family, such as illness, death, an accident or a stay in hospital. Not only that, plans are designed to change as your needs change, so that you have the financial security you need at every stage of your life.
In the event of any hardship, serious illness or accident, hospitalisation, loss of independence or death, there are several things that need to be considered:
• Paying off a mortgage
• Paying off other loans and bills
• Providing an income your family will need to live on
• Covering medical expenses
• Covering costs that might arise when their children are older, for example school or college fees.
It is also important to remember that the maximum amount of State Disability Allowance is €204.30, which you must qualify for, and is means tested. (source: www.welfare.ie)
Here at The Mortgage Shop we offer several types of life cover to suit your needs:
• Term Life Cover
• Mortgage Protection cover
• Whole-of-life cover
Many include additional benefits such as:
• Specified illness cover
• Vital Care cover
• Hospital Cash cover
• Accidental Cash Cover
• Children’s benefit
All protection plans are designed to replace lost income and provide a money benefit when you need it the most.The Mortgage Shop is confident that we offer the most comprehensive and flexible range of Protection products and benefits in the market.
Terms and conditions apply. Life products are underwritten by Irish Life Assurance plc.
Web design and web development by Tibus