​If you’ve got a death in service benefit through your employer, you may be thinking that you do not need life insurance as well. 

The level of cover set under your death in service benefit is determined by your employer and so you may want to consider whether this amount would be enough to support your loved ones should anything happen to you. Would the lump sum provided by your employer’s scheme be enough to cover debts and maintain your family’s lifestyle?

What if you left your current employment, to change jobs or retire? You will no longer have that death in service benefit in place once you leave your job. While you could take out like insurance after leaving a job, it is important to remember that premiums rise with age. 

When getting a mortgage, it is a requirement that you have life insurance in place to cover this loan and you will not have the option to assign your death in service benefit to your mortgage as circumstances can change and the term of your death in service is not guaranteed and the amount of your benefit is not set to cover the amount of your mortgage. 

Therefore, it is important to take out additional life insurance to have consistent protection in place regardless of the changes that occur in your career. It is also beneficial to have this cover in place early as you can avail of competitive premiums, will have the option to assign it to your mortgage and will be able to have cover up until age 90. 

You can buy life insurance at any time and keep it whether you are working or not and should you require a quote for your life insurance do not hesitate to contact us.

 As financial advisors, we help you secure your future with life insurance, serious illness cover, pensions, and savings—but here’s something important to know:

👉 When you receive a pay out from a policy, every cent is yours.
👉 If you claim on a serious illness policy, it’s there for you when you need it most.
👉 When your pension pays out in retirement, it’s your money, your reward.

Our role? To guide, advise, and ensure you and your loved ones are financially protected when it matters most.
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Your future wealth and security are yours alone. We’re just here to help you build it. 💙

#FinancialPlanning #LifeInsurance #Pensions #YourMoneyYourFuture #OurRole

At Cummins Insurances Ltd we believe in safeguarding what matters most – your family. That’s why, under our policies, you are provided with FREE Children’s Protection, ensuring that your little ones are covered when they need it most.
What’s Included?
✅ Children’s Life Cover – Up to €7,000 (depending on provider) at no extra cost.
✅ Serious Illness Cover – Half of your benefit, up to a maximum of €25,000.
✅ Comprehensive Protection – This cover is available completely free for each child in your family.
✅ Extended Age Limit – Covers children up to age 18, or age 21 if in full-time education.
Why This Matters
• Financial Security: In life’s most unexpected moments, this cover ensures you have support.
• Peace of Mind: Knowing your children are protected allows you to focus on what truly matters.
• No Additional Costs: Unlike other providers, we include this as a free benefit under your policy.
Who is Eligible?
All children of policyholders are automatically covered – no need for extra paperwork or additional fees!
Give your children the protection they deserve, at no extra cost.
Speak to us today to learn more about this invaluable benefit!
Your family's protection is our priority.