Term Protection and Options in Kildare, Ireland
This is life insurance cover for a specific period of time. It is designed to protect your family financially if you die or become seriously ill.
Term Protection in Kildare
This is life insurance cover for a specific period of time. It is designed to protect your family financially if you die or become seriously ill.
There are different types of term protection:
Level Term Cover
This life cover makes a one-off payment (you choose the amount at the start of the policy) if you die during the term of your policy.
Your dependents could use this money to live on for a period of time, or they could use it to pay for substantial costs such as childcare costs, college fees, or outstanding medical bills.
This policy is designed for a single, joint life, or Dual life basis.
There is only 1 premium paid. Once the lump sum is paid out the policy is no longer in place
Monthly Income Cover
This life covers also known as the Guaranteed term pays a guaranteed monthly income from the time you die until the end of the policy term. For example, if the policy term was 20 years, and you died ten years into the plan, your dependents would receive a monthly income for the remaining ten years of the plan.
This policy is designed for a single, joint, or Dual life basis.
There is only 1 premium paid. Once the lump sum is paid out the policy is no longer in place
The benefits of the Term Protection or Insurance:
- It protects your family from a substantial financial burden.
- Your family can get a lump sum or regular income for a specific term if you die, helping them at a difficult time.
- You can add cover for many serious illnesses and disabilities.
- You can cover your partner on the same policy.
- You can pay off any existing mortgage, loan outstanding
- It can cover funeral expenses
Gwen Clarke Financial Services Ltd’s team of experts offers a wide range of services, including investments, pensions, corporate pensions, mortgages, and life protection. We understand that each of our clients has unique financial needs, which is why we tailor our services to meet your specific requirements. Our goal is to help you achieve your financial goals by providing you with personalized advice and guidance every step of the way. Whether you’re looking to invest for the future, secure a mortgage, or protect your loved ones, we can help. Contact us today to learn more about our services and how we can assist you in your Term Protection or Insurance and in securing your financial future!
Frequently Asked Questions about Term Protection
How much will it cost me to put term protection in place?
There are different factors that will be taken Into account when determining
- Is the policy going to be a single, joint, or dual life?
- Are you a smoker or a non smoker?
- Do you have any serious medical conditions?
- What is your age?
- How much protection are you looking for?
All of these are taken into account for how a premium on a policy is decided
If you want to give us a call we can run quotes this end with all the life companies and compare the best quotes available to you
Who receives the lump sum once the policy pays out?
It depends on what way the policy is written, as in is the policy against a mortgage, is a dual policy, is it a single life policy. If the policy is against a mortgage then the policy will pay out in the event of your death to clear the outstanding mortgage which will go to the lender and if there is any excess can be paid to your estate.
If the Policy is a dual Policy and goes against no mortgage then the lump sum is paid out to your estate and your dependants can you cover funeral costs or outstanding bills?