Protection
Income Protection
Protection against any Illness, Accident or Disability.
Who would pay for the things you take for granted in life if your income suddenly stopped. Income Protection can solve this problem
The key benefits of income protection are?
• ANY TYPE of illness or injury which prevents you from working is covered.
• MONTHLY PAYMENTS are made until you can go back to work or retire.
• YOU CHOOSE the level of cover you require and how soon it begins after you have to stop working.
• YOU'RE COVERED for up to 75% of your net relevant earnings, less social welfare entitlements.
• YOU QUALIFY for tax relief on your premiums up to your marginal tax rate.
Did you know for as little as €12.09 per month * you could protect €25,000 of your annual income.
*Based on 30 year old, male, non smoker, accountant, 26 week deferred period
Critical Illness
To protect your family against the financial loss that would occur due to a spouse/partner being unable to work due to a critical illness, you would need a lump sum of €200,000* to replace every €1,000 in lost monthly income!
*This figure assumes the lump sum is invested and achieves a gross return of 6% per annum, and the funds will last for 20 years. It also assumes inflation of 3% per annum and the families needs will increase by that amount.
It is important to take the necessary financial steps now to insure ourselves and our families against the financial loss associated with critical illness.
Critical illness cover (CIC) is a long-term insurance policy designed to pay a lump sum on the diagnosis of certain life-threatening or debilitating (but not necessarily fatal) conditions such as a heart attack, stroke, cancer, multiple sclerosis and loss of limbs.
The illnesses covered will be specified in the policy along with any exclusions and limitations – these differ between insurers.
Term Assurance
Life Assurance
A life assurance plan helps you plan for unforeseen events by providing protection that is perfectly suited to your needs
A Term Assurance plan also known as Life Assurance is essential for anyone who has dependants.
Nobody likes to think about it, but have you considered the financial impact your death would have on the lives of your loved ones?
A life assurance plan helps you plan for unforeseen events by providing protection that is perfectly suited to your needs.
You simply choose the level of cover you need and the period that you want the cover to last.
With Level Term Life Assurance, the amount of cover you choose at the start of the plan will remain fixed over the term of the plan. The premium you pay is also guaranteed to remain fixed throughout the term.
PFP.ie compare the market to provide a competitive quote for you based on the information given and your requirements
It is also possible to purchase pension term assurance where the client will benefit from the tax relief associated with pension policies while still having the same benefits as standard term life assurance.
Mortgage Protection
Mortgage Protection pays the balance of the remaining mortgage should you die during the term of your mortgage.
Mortgage Protection is a simple, cost effective form of life assurance, designed to pay off the balance of your mortgage in the event of death and/or critical illness.
You select the level of cover you need (loan amount) and the length of time you need it (term of loan).
Under a Mortgage Protection plan, the level of cover chosen is designed to reduce each month in line with your mortgage, reflecting the fact that you are gradually paying off your mortgage.
PFP Financial Services compare the market to provide a competitive quote for you based on the information given and your requirements.