We have a range of life insurance policies designed to give you the peace of mind that your family will be looked after in the event of your death.
Having sufficient Life Insurance in place is the foundation for most Long Term Financial Plans. We can arrange for it to be in the form of a once off lump sum or a monthly income paid to your dependants. It can be used to:
- fund your family’s lifestyle
- secure your children’s education
- pay down outstanding debt in the event of your death.
At First Choice, we are a multi-agency intermediary and we will quote with all the life companies on the market to ensure you receive the best Mortgage Protection Policy possible
If you have a Mortgage then you will most likely have or need a Mortgage Protection Policy. The vast majority of people take out their Mortgage Protection Policy with their lending institution as it is convenient at the time as they just want to draw down the loan as soon as possible. However, this often leads to people paying much higher premiums over the long term.
Over a 30 year loan, paying even a few Euros extra a month can result in paying thousands more than you need to.
Specified Illness can bring practical and emotional problems and while no one likes to think about becoming ill, it pays to be prepared for the future.
A Specified illness policy pays a lump sum on diagnosis of a specified illness (e.g. heart attack, stroke, cancer etc.). These policies can be arranged in conjunction with life cover or on a standalone basis.
If you can’t work because of an accident or sickness these products are designed to give you an on-going income until either you return to work or retire, whichever happens first. The premiums for these policies are tax deductible at your marginal rate of tax.
What would happen to your company in the event of your death?
Would your company be in a position to purchase your shareholding from your spouse/estate? Would this be done in a tax efficient manner? Our team of advisors will be able to help you put in place a plan that ensures that your family and your business are protected on your death
Many people plan to leave inheritances to their children, to relatives or to deserving charities after they die.
Reductions in inheritance tax thresholds and increases in inheritance tax rates in recent year’s means that without careful planning an individual’s estate could face a significant tax bill on their death. It is impossible to put a life insurance place in place to lessen or eliminate the potential tax bill. At First Choice, we can outline a plan that can identify and manage any tax liability in advance and deliver piece of mind to you and your family, optimising the amount that can be passes on in a tax efficient manner.
Please note these guides are not a replacement for professional financial planning advice. Please contact a member of our staff for comprehensive advice on your requirements.