Why you need to think about Life Assurance, Income Protection & Serious Illness Cover
HC Financial – here to advise and help you!
The Corona Virus has given us all some time to think about the future and whats important in life. Now might be a good time to put a plan in place. None of us could have predicted the world wide pandemic of Covid 19 and many of us have been impacted financially as well as physically and emotionally. Give you and your family Peace of mind for the future
- Pay funeral costs
- Replace income
- Pay off debt / Mortgage
- Provide Peace of mind financially for the future
It pays you a regular monthly income, replacing some of your earned income. Cover continues until age 65 or 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.
Serious Illness Cover: Some illnesses can have a major impact on your life. They can stop you from working and 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. You can talk to us about the list of illnesses covered.
Even a small amount of serious illness cover can go a long way. If you need €2,500 every month (€30,000 in a year) to cover your household expenses, the good news is that it’s relatively inexpensive. The table below shows how far even a small amount of cover could go and the monthly cost.