How best to protect your future, your family's future and the future of your business
You would never leave home without insuring your car, your pet, your house, your surgery even your golf clubs and lap top but many of us never even consider the importance of insuring ourselves and our income.
If your family depend on you financially then it makes good sense to ensure they will be provided for when you are gone. It is vital to consider how the people who depend on you would manage and cope if you were to die prematurely. With Personal Life Cover you can help them to maintain the lifestyle you would have provided if you were there.
Some death benefit may be paid if you are in a pension scheme, but this may be limited and may not be sufficient to sustain your dependants through to their financial independence. If you are not in a pension scheme or if you are self-employed, you may have no cover for your dependants in the event of your premature death.
In this event, Life Assurance provides your dependants with a lump sum. It is of primary importance that you plan ahead to safeguard your nearest and dearest if the worst were to happen to you.
No one except you or your family know the true value of having a spouse or partner at home.
However, in the event of their untimely death, the cost of providing professional child care and housekeeping services would be significant. A Spouse Protection policy can be arranged to meet these costs in such circumstances.
If a key person or shareholder in your practice were to die then the business may be faced with some very difficult decisions which are why Business Protection Insurance should be considered. Thought should also be given to the passing of shares in the event of a shareholder's death.
Business Protection policies such as Life and Critical Illness should be arranged on key persons or partners, to ensure that there are sufficient funds available to cover likely eventualities such as temporary decline in earnings, repayment of business loans, purchase of shares from the deceased person's family, and the business disruption and recruitment costs associated with the loss of technical knowledge, knowhow and personal contacts.
Veterinary Ireland Financial Services can secure the most competitive Life Assurance policies whether for Personal, Spouse or Business Protection. We will also guide you on selecting the most suitable product and assist you in assessing the level of cover appropriate to your circumstances.
Income Protection is designed to give you a regular monthly income should you become incapacitated due to illness or injury. Money worries should be the last thing on your mind as you focus on recovery.
You know it makes sense to insure your home, your car and your family against the unexpected. Taking out a pension to fund your retirement is also the sensible thing to do. But what about your income? What if you were to suffer an accident or long-term illness that prevented you from earning an income and providing for your family's lifestyle?
Income Protection is designed to provide you with an alternative income if you suffer any illness or injury which prevents you from earning an income of your own. It helps take care of your financial needs at a time when money worries should be the last thing on your mind as you focus on recovery.
There are many opinions about the benefits of Income Protection. As Income Protection experts, however, we can give you the facts:
Income Protection can give you up to 75% of your usual income when you're off work due to illness or injury. This money is guaranteed until your selected retirement date if you're not fit to return to work.
Your premium won't increase if you make a claim.
Income Protection covers any illness, any injury and any disability. This gives you the complete peace of mind of knowing that no matter what happens, you and your loved ones are protected.
Specified Illness Cover
Specified Illness Cover provides you with a lump sum cash payment if you are diagnosed with any of 40 specified illnesses and some companies offer partial payment for some specified less serious illnesses or serious accidents.
A partial claim still entitles you to make a full claim at a later stage if you need to.
Your children may be provided with an amount of Specified Illness Cover completely free with certain companies.
Specified Illness Cover from takes the financial worry out of coping with serious illness
Sample of Illnesses covered in full
Partial payments for 10 other illnesses - including serious accidents
These examples are not exhaustive and are subject to change.