Irish Mortgage Network - Life Assurance

Life Assurance / Mortgage Protection

The Need for Financial Protection

Most of us take our good health for granted. Unfortunately we are going to have to face the fact that sooner or later death comes to us all. It is important therefore to plan ahead to make sure that your family are provided for in the event of your untimely death.

Mortgage Protection
As independent life assurance brokers Irish Mortgage Network will guide you to the policy that gives you and your family the maximum protection at the most reasonable cost. With a myriad of policies and life insurance companies to choose from, our qualified staff will ensure that you get the policy that most suits your needs.

Critical Illness
Serious Illnesses such as Cancer and Heart Disease occur all too frequently. While most people can now survive these life-threatening diseases it can be extremely difficult to cope with the financial difficulties that follow. Everybody needs some form of financial protection in case the worst happens. There are times when money should be the least of your worries.

Main illnesses covered

Alzheimer's Disease
Loss of Limbs
Bacterial Meningitis
Loss of Speech
Benign Brain Tumour
Major Head Trauma
Blindness
Major Organ Transplant
Cancer
Motor Neurone Disease
Severe Burns

Cardiomyopathy
Multiple Sclerosis
Chronic Liver Disease
Muscular Dystrophy
Coma
Paralysis
Coronary Artery Surgery
Parkinson's Disease
Creutzfeldt-Jakob Disease
Rheumatoid Arthritis
Emphysema

Stroke
Heart Attack
Heart Valve & Structural Surgery
Surgery to the Aorta
HIV/AIDS from blood transfusion
or exposure to blood physical assault
Systemic Lupus Erythematosus
Kidney failure
Loss of Independent Existence
Loss of Hearing

'60% of people will be affected by serious illness at some stage in their lives.'

Income Protection
Your standard of living depends on your income. If you suffer from a long-term illness or have a crippling accident you may not be able to work and this may affect your living standards. Income protection insurance provides income to support you and your family if you become disabled and cannot work. Tax relief is available on the premiums you pay on up to 10% of your total income for the year.

Could you and your family manage without an income?

How would you cope if as a result of injury or illness, you were unable to earn a living? Could you survive on the Weekly State disability benefit of just ¤118.80? This is the amount you may get from the government if you suddenly became ill or got injured and couldn’t work.**

** If you are self-employed, it is important to remember that you are not entitled to the state disability benefit.

Protect your family’s income

The Income Protector Plan is designed to protect you and your family in the event of serious illness or disability, providing you with up to 75% of your regular income, less any State Benefit entitlements, until you are able to return to work.

Generous Tax Relief

An Income Protection plan is highly tax efficient, and therefore, very affordable, with full tax relief available at your marginal rate of tax on premiums of up to 10% of your total annual income.

Analysis of 1203 Irish Life Income Protection claims (male), all of whom have been out of work due to illness for a minimum of six months.

The importance of Income Protection was highlighted recently by the Consumers Association in the UK, who described it as ‘a financial priority’, especially for the self-employed.

A man aged 25 has a 1 in 3 chance of being disabled for 3 months or more before the age of 65.

Co-Habiting / Divorced / Separated
If you are purchasing a house with your partner and you are not married you will need specialist advice in relation to tax planning.
In many cases following the death of one partner the survivor must sell the house he or she already owns to pay the inheritance tax.
Careful planning can save thousands of pounds and untold hardship. Irish Mortgage Network offers advice on how to structure the purchase of a property to minimise the Inheritance Tax liability.