LIFE INSURANCE

How Much Cover Do You Need?

The amount of cover needed will vary greatly from person to person depending on individual circumstances. If the purpose of the policy is to protect borrowings, the sum assured (the amount you are covered for) will need to at least equal the loan amount.

If the policy is being effected to provide for dependants, a general rule of thumb used could be 10 times the size of your net, after-tax salary.  The aim here is to adequately replace your income in the event of your premature death. Factors such as the number and ages of your dependants, existing assets and liabilities all need to be considered. 

What do I need?

 

NO MORTGAGE, NO DEPENDANTS

 

You’re enjoying life to the full in a career that you love. You’ve worked hard to get where you are. You want to make sure that your lifestyle won’t be affected financially if you suffer from an illness.

 

WHAT MIGHT YOUR NEEDS BE?

You should protect yourself financially to help maintain your standard of living if something happens to you.

You can do this with:

• specified illness cover; and

• income protection

 

BUYING A HOUSE

You’re about to buy your first

house and are over the moon.

 

WHAT MIGHT YOUR NEEDS BE?

You’ll need to protect your

mortgage if you die or if you are

diagnosed with a specified serious illness.

You can do this with:

• Mortgage Protection; and

• Serious Illness cover

 

HAVE A FAMILY

At this stage in your life you might need to think about protecting your family financially if you die, become seriously ill or have an injury or illness which prevents you from working.

WHAT MIGHT YOUR NEEDS BE?

You can protect your family with:

• Life cover;

• specified illness cover; and

• income protection

 

RETIREMENT

You want to protect your dependants from having to pay inheritance tax when you die and cover your funeral expenses.

 

WHAT MIGHT YOUR NEEDS BE?

• Whole-of-life cover

• Over 50's life cover

TYPES OF COVER
Hours
 

Monday - Friday 

9 am to 5:00 pm

 

Saturday & Evenings

by Appointment

Location
 

4 Crestfield Centre

Glanmire, Co. Cork

info@jackfrench.ie

 

Tel: 021-4858400

 

Life Term Cover is life insurance that covers you for a specified and agreed length of time. In the event of death during this time, a cash lump sum will be paid out.  This is availalbe on a Single, Joint or Dual Life basis (dual meaning a double payout).

The conversion option can be added to the policy to guarantee cover at the end of the term without the need to answer medical questions

Whole of Life Cover pays out a lump sum when you die and there is no limit to the term of the cover.  There is the option to add a Life Changes Option which guarantees 70% of the premiums back after 15 years.

Over 50s Life Cover is a guaranteed acceptance plan designed for those over 50 and under 80 who would not be elligible for Life Term cover due to medical issues.  It 

SERIOUS ILLNESS COVER

With the cost of health insurance soaring why not consider Serious Illness cover which can work out much cheaper and could ultimately be more rewarding. This type of cover pays out a lump sum on diagnosis of a number of specified Serious Illnesses or specific types of surgery.

 

EXAMPLES OF ILLNESSES COVERED

  • AIDS/HIV

  • ALZHEIMER'S DISEASE

  • ANGIOPLASTY

  • BENIGN BRAIN TUMOUR

  • BLINDNESS

  • CANCER

  • CARDIOMYOPATHY

  • COMA

  • CORONARY ARTERY SURGERY

  • CHRONIC LIVER DISEASE

  • CROHN'S DISEASE

 

  • DEMENTIA

  • EMPHYSEMA

  • HEART ATTACK

  • HEART SURGERY

  • INTENSIVE CARE

  • KIDNEY FAILURE

  • LOSS OF HEARING

  • MULTIPLE SCLEROSIS

  • PARKINSON'S DISEASE

  • RHEUMATOID ARTHRITIS

  • STROKE

  • ULCERATIVE COLITIS

You are 4 times more likely to suffer from a serious illness than to die before age 65.

 

This cover can be offered on a stand alone basis or included with life cover.

Jack French trading as 1 Stop Brokers is regulated by the Central Bank of Ireland