Why You Should
Best Insurance Quotes01
Life is unpredictable, but insurance
exists to protect you from unexpected
events or expenses.
You have car insurance, home
insurance, health insurance, and even
pet insurance. If you run a business in
Ireland, then you have a whole host of
other insurance products.
If you want to protect your family
after you’re gone, you may also buy
Why buy life insurance? Use this
guide to learn more about the
benefits of these financial products.
Best Insurance Quotes
Best Insurance QuotesWhat Does Life Insurance
Life insurance offers a payment to a surviving beneficiary after you die.
The payment can provide financial security to your survivors in the
months and years after you’re gone.
While we all foresee our eventual deaths as just that — an eventuality —
being unprepared for a serious illness or premature death can add
more devastation to an unexpected loss.
In this way, life insurance is less about building a lump sum over forty
or fifty years and more about providing relief to your family if the worst
should happen sooner.
Best Insurance QuotesHow Does Life
Insurance Get Paid?
When you purchase life insurance,
you agree to pay premiums based
on your health and the size of the
cover you choose. Some people
take out €100,000 in cover while
others opt for larger sums.
Best Insurance QuotesThe cover should take into account
your current income, your family’s
accustomed standard of living, any
financial dependent’s, and any debt
outwith your mortgage.
You can also opt for different
protection plans that include either
a lump sum or an income.
A lump sum is a tax-free, cash
payment based on your chosen cover
and the number of years you paid
into your policy. Receiving the death
benefit as an income pays out the
policy cover monthly over a term.
Best Insurance QuotesHow Can Beneficiaries
Spend Life Insurance?
For some families, life insurance replaces your income, which ca