We are delighted to have sponsored the jerseys for the Cahir u6-u12 camogie teams. It was such enjoyment presenting these to the teams during the week. It was great to see the amount of young girls dedicated to the sport and the commitment and devotion of their coaches and the club is outstanding. To see the effort they put in with the girls is admirable and it is no wonder that they have such a high attendance at trainings and matches. We wish them the very best with their development and skills and continued success.
When you are young and single, life insurance is probably the furthest thing from your mind. You’re in the prime of your life with little expenses to think about. Putting funds in place for an event that is unlikely to occur in the foreseeable future seems like a waste of money, right?
In claim statistics provided by one company, for last year, the youngest age for a death claim was 23 and the youngest claimant for serious illness was 24 following a cancer diagnosis. This puts owning a protection policy in a whole new perspective, because sadly we are not as invincible as we would like to think.
In the event of your untimely demise, it could cause a huge financial weight for your loved ones. This brings to them the expenses of your funeral along with any outstanding debts you may have. The diagnosis of a Serious Illness also bring many financial implications to you and your loved ones, as there will be many medical expenses which will be hard to cover if you are left without an income.
Life is unpredictable and to not plan ahead can be irresponsible. You won’t be young and single forever. Things could change very quickly and remembering life insurance may slip further down the list when they do. Sadly we are all leaving someone behind and burdening them with our financial problems is not the way most of us want to go.
With the benefit of financial security in place for unforeseen events, what are the other benefits in setting up life insurance while you are young? Setting up a life insurance policy is most affordable the younger you are and with this can avail of the longest term. You also get the benefit of being in the prime of your life and less likely to have any medical conditions to disclose, therefore avoiding the risk of any exclusions or additional rates.
When it comes to thinking about life insurance at a young age, it is important to consider not only your current personal and financial situation but how this might all change. You’re young, single and childless. Maybe not in the foreseeable future, but most of these factors will change and your insurance policy will be used to provide for your spouse and children or even use towards cover for a mortgage if required.
A 25 year old, non-smoker, can avail of €300,000 life cover over a 30 year term for €16.82 a month. Or for the same cost you can get a €50,000 Serious Illness Protection Policy. That’s less than what it costs to insure your car and your family are taken care of in case the inevitable happens.
Bottom line- almost everyone needs life insurance. It is about protecting what is important to us and taking care of our loved ones left behind, without any idea as to when that might happen. It’s important to be fully prepared.
We can help you find the right protection policy for you, at an affordable price!
The spread of Covid-19 has seen the rise in Life Insurance applications as one company announced a record high in new business applications in the last 2 months. It has made people aware of the importance of ensuring that they have financial protection in place as the virus continues to spread, with the number of new cases increasing daily.
People are now taking out their Life Insurance policies as should you be diagnosed with Covid-19 it will cause complications should you later wish to set up a policy. All companies have since March 2020 updated their applications forms and it is required for you to disclose if you have been diagnosed with Covid-19 or even experienced symptoms. Having contacted the companies further it is confirmed that applications will be postponed should you answer yes to any of these questions in relation to Covid-19. When then applying further down the line you must disclose whether you have ever been postponed for such applications.
It is recommended to ensure that you act now in ensuring you and your family are financially protected in the event of death or diagnosis of a specified serious illness while in good health.
Back in July New Ireland reported 28 Death Claims and 6 Hospital Cash* Claims all due to diagnosis of Covid-19. We are due to receive updated figures of these claims from each of the companies we deal with and will post these on receipt.
*Hospital Cash: This is an additional benefit added to a policy which pays up to €300 per day should you be admitted to hospital.