Mortgage protection and Life assurance

Over the last 12 years i came across a few sad stories where a parent had put the Life insurance policy on hold and unfortunately an illness or death occurred.

I have delivered my fair share of cheques to clients and their families at this stage and can’t stress how happy they were to have had the policy.

We both know it will never replace the person but it will give the family a hell of a helping hand in dealing with a death or serious illness.

Life insurance has never been cheaper and a family in their Forties can be reasonably well protected for €50 per month.

We have all been to fund raisers down the local pub after the unexpected death of a loved one and now their financially crippled.

When i sit down to do a review with people i stress life insurance first before the savings plan ,pension etc,while these are important they don’t come near the power of the life insurance policy.

I can assure you it’s the most important policy you and your family …

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Company pensions and Auto enrolment

From 2022, all workers In Ireland will be automatically enrolled onto an automatic enrolment retirement savings system.

So if you don’t have your private pension or company pension set up all staff will be enrolled in the government one.

My advice is set up your own company one before this comes in with Irish Life ,Zurich ,Aviva or New ireland.

A Broker will get you and your staff the best bang for your book and also provide you with fantastic advice which you are going to need as you work your way to retirement.

We are currently setting up company pensions all over ireland and if you want any advice or need to get this set up soon, please call me on 01-6339245 or email me at darragh.farrell@yes.ie

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Best serious illness policies

What are the best Life assurance plans??

This is a question i am asked a few times a week.

Here are the insurance providers operating in Ireland.

Aviva Friends First Irish Life New Ireland Royal London Zurich Life

There is no major difference in any of the providers but if we go on most illness covered and and the best price then ill give you my Top 3.

Zurich,Royal London and Irish life.

There can be a lot to discuss when dealing with Life assurance/Serious illness so for your tailored Policy and Quote please call me on

01-6339245 or email me at darragh.farrell@yes.ie

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what is life assurance??

“Life assurance is protection and peace of mind that if there is an unexpected death or illness in your family then the family has a financial cushion to fall back on.”

Over the last 12 years i came across a few sad stories where a parent had put the Life insurance policy on hold and unfortunately an illness or death occurred.

I have delivered my fair share of cheques to clients and their families at this stage and can’t stress how happy they were to have had the policy.

I and they know it will never replace the person but it will give the family a hell of a helping hand in dealing with a death or serious illness.

Life insurance has never been cheaper and a family in their thirties can be reasonably well protected for €40 per month.

We have all been to local fund raisers down the local pub after the unexpected death of a loved one and now their financially crippled.

When i sit down to do a review with people i stress life insurance first …

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Best Lump sum investments

You should always look under the bonnet of any fund you are considering investing in – not just in relation to the risk the manager might be taking and the size of the fund, but whether its inclusion in a portfolio is justified relative to your risk profile.”

You should also always talk to an Independent Financial adviser as he will do a risk questionnaire on you and you will receive a risk profile which ye can then go and look at funds suitable for you.

Be careful doing lump sum investments or savings with banks as they are tied agents and your not getting a full view of market funds.

Before choosing an investment fund, understand exactly what kind of tax bill you’ll be hit with on any money you make. At the minute it’s 40% on any profits made on the funds.

With deposit rates so low with banks, it’s an excellent time to invest in a savings or investment plan.(less than 1% deposit rate by banks is insulting)

Irish life and Zurich have a multiple portfolio of …

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Best Quotes for Mortgage protection

Firstly never take Mortgage protection cover out with a bank.

You will pay 20% more if you do,my tip is use the broker,they get fantastic discounts with  insurance companies as each company wants to entice the broker to place the business with them.

Aviva and Royal london offer 15% discounts and first months cover for free,while you can get 20% off the best market price with Zurich.

The broker is also better equipped to get you a policy to suit your needs as the banks are tied agents and can only offer you one insurance companies products.

For any quotes or queries please call me on 01-6339245 or email me at darragh.farrell@yes.ie

 

 

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Ecig Life Assurance discounts

With the ever changing smoking industry,insurance now is the latest to

be assessing ecigs.

There are now only 2 companies who rate ecigs as non smokers,Aviva and New Ireland.(you must be a year off tobacco though)

Zurich are the most lenient of the others who rate vapers as smokers.

You must be off the tobacco a year to avail of the ecigs non smoking rates,but they’re are more changes coming in 2018.

Unfortunately as a vaper myself,I think all companies will rate ecigs smokers at smoking rates soon enough.

But there are still a few tips to get better rates than the smoker for mortgage protection and life assurance.

Call me now on 01-6339245 or email me at darragh.farrell@yes.ie

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What to do with paid up or frozen pensions??

Are you after leaving a company and starting a new job,or did you do this years ago and don’t get any word on your old pension.?

This happens a lot of people and there are millions of paid up pensions left with peoples old employers.

Be careful with this.

You should get them transferred to a personal retirement bond,here’s why.

1-Your pension should be reviewed annually and now this isn’t happening

2-You no longer know what funds your money is invested in

3-What are your annual charges?

4-is my pension growing??

What i would advise is find a pension broker who will review your old pension annually.

We transfer a lot of old pensions to Prbs(personal retirement bonds)in the clients own name,so when they seek to get their money it’s in their name not their old employers.this can also cause a lot of hassle at retirement,trying to chase down your old company to sign forms for you.

We will also make sure your annual charge isn’t too high and most importantly your money is been invested in the correct funds.

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Benefits of Life insurance

While Some people don’t like the idea of discussing the benefits of life insurance, there is certainly an important place for it in peoples overall financial planning. In fact, without the protection of life insurance, loved ones may need to drastically alter their lifestyle if the unexpected should occur and to be honest it’s the first thing i look at with clients when meeting.

In fact, life insurance is one of the most important purchases that you can ever make for your family. Without the proper life insurance plan, your family members could be left with a massive amount of debt, which can make an already difficult situation a thousand times worse. While the fund raiser down the local pub is a great help and most communities organize this when an unexpected tragedy happens, but lets be honest it’s far from ideal.

Life insurance is peace of mind that if an unexpected illness or death occurs to me or my partner,my family will be ok financially(hard to put a price on that)

Although life insurance is often used for providing …

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Pensions Broker Ireland

Pension brokers are not tied to any company and offer independent financial advice to clients and companies.

Our goal is to give comprehensive independent financial advice that is offered across the whole of Ireland. We achieve this by analyzing the market on a fair analysis basis and presenting our research to you before any products are purchased.

So basically our Clients interests are put first as opposed to some tied agents who have to put their companies products first.

Sometimes the tied agents products will not be the best product on the market for the customer but they have no option but to sell you their product.

I have always said the independent broker is much better for the client or Company,this goes for insurance as well as Pensions.

So if you need advice drawing down your pension at retirement or just want to get one started for you or your company,

Then please email me at darragh.farrell@yes.ie or call 01-6339245

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