Why would I need Life Assurance?
Protect you and your family – Peace of mind for the future
Here are some of the options available to you when looking at Life Assurance
Term Life Assurance
Term life insurance or ‘term protection’ is cover provided over an agreed and specified term. If you die or become ill during this term, your family will be provided for financially.
This policy provides peace of mind to you and your family by providing cover for your key working years, when you may have dependents who rely on your income. The premium is also guaranteed never to increase.
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 between 2 and 40 years. If you die or become ill, the policy will pay out so that your dependents are cared for financially.
Product Benefits
- Peace-of-mind: Protection for your family from a substantial financial burden.
- Increased security: You can add cover for many serious illnesses and disabilities.
- Cover for your partner on the same policy.
- Flexibility: Increase cover on certain life events, like the birth of a new child.
Whole of Life Insurance
As we get older, we wish the best for our children and grandchildren including their prosperity
By taking out a Whole of Life Insurance or Whole of Life Cover plan – you can help ensure that your family is not burdened by inheritance tax on the assets you want to pass on to them.
Whole of life insurance or whole of life cover is an insurance plan that lasts for a whole lifetime, and is not limited to a specific term. If your were to pass away this policy will provide a lump sum payment to your family. It can also provide tax-efficient inheritance planning cover for your family, so as not to impact their inheritance.
At HC Financial we will help determine the level of cover you need, depending on your circumstances and those dependent on you. You 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.
Product features
- Life Insurance means your loved ones are financially protected
- This plan can cover the inheritance tax your family may be liable for if you die.
- You can choose optional benefits for additional peace of mind.
- Payment may be used to cover funeral expenses
Call us on 091 788000
Email: admin@hcgroup.ie
Peace of Mind for you and your loved ones
We are here to help you!
Pension Term Protection
Pension Term Protection is life insurance that covers the period of time up until your retirement. If you die during this term (i.e. before retirement), your family will receive a payment to ensure they do not suffer financial hardship. Tax relief is available at the marginal rate of tax on the premiums you pay, as the plan is structured as a pension product.
Pension Term Protection is life insurance designed to protect your family financially if you die before you retire. Under this plan, you pay a set amount on a regular basis (usually by direct debit) until you retire. If you die during this specified term, the policy will pay out so that your dependents are cared for financially.
Product features
- Protection for your family during the key years before retirement.
- Tax relief on life insurance premiums (up to Revenue limits).
- Your family will receive a lump sum if you pass away or become seriously ill.
- Life cover at a very reasonable price, depending on your age and circumstances.
Income Protection – protecting one of your most valuable assets
Have you thought about how you would get by financially if you got sick? Lost your job? Or just couldn’t work for a while because of an injury?
Income Insurance, also known as income protection provides you with a replacement income if you cannot work as a result of an illness or injury after a certain period of time. You can take out income insurance if you are in full-time work or are self-employed and earn an income. It protects you only in these circumstances – it will not be paid if you become unemployed. You must keep up your payments to stay on cover.
It pays you a regular monthly income, replacing some of your earned income. Cover continues until age 65 or if/when you return to work. Payments on your plan are eligible for income tax relief at your marginal rate of tax. However, if you do claim on this plan, your incapacity benefit will be treated as normal income and so is assessed for income tax, PRSI and the Universal Social Charge.
Call us on 091 788000
Email: admin@hcgroup.ie
Peace of Mind for you and your loved ones
We are here to help you!
Serious Illness Cover
Protect the ones you love with serious illness cover.
Some illnesses can have a significant impact on your life. They can stop you from working and your recovery may require assistance and time.
That’s where serious illness cover comes in.
Serious illness cover (sometimes called critical illness cover) provides you with financial support if you are diagnosed with a serious illness*.
Having financial support at a time of physical and emotional stress can ensure that you are able to take the time off work, pay for the treatment you need or even cover day-to-day household bills such as childcare.
Serious illness cover can be purchased as an additional benefit to most life insurance policies. It pays out a tax-free, cash lump sum if you are diagnosed with a life-threatening illness such as cancer, heart attack or stroke.
Call us on 091 788000
Email: admin@hcgroup.ie
Peace of Mind for you and your loved ones
We are here to help you!
Source: Irish Life June 2020. Based on a 40-year old non-smoker with serious illness cover for a term of 15 years. This included a government insurance levy (1% as at May 2018 and may change in the future) applies to this policy.