The true cost of cancer.

 When you think about cancer, what comes to mind are the medical symptoms and how it could affect your life.

You probably think of someone you know who is battling cancer.

What we often fail to give proper regard to, are the financial consequences of discovering that you have cancer.

The National Cancer Registry Ireland carried out a report which highlighted the severe financial burden that is placed on a family as a result of a cancer diagnosis.

These factors included the following:

Increased medical costs such as consultant fees and expensive medications.

Out of pocket expenses, such as travelling to appointments in medical centres of excellence located far from home.

Reduced earning capacity, as well as loss of time when attending medical appointments.

This includes family members.

Increased utility bills due to increased cost of heating while a family member recovers at home.

Increased stress and strain, which can lead to depression, anxiety and emotional stress.

You will have enough to cope with without adding financial strain to your life.

Research shows that 1 in 3 men and 1 in 4 women will suffer from cancer t some stage in their life. (National Cancer registry Ireland,2011)

What can I do to relieve the financial strain?

Help is at hand. Cancer cover is a new protection plan. It pays a benefit on the diagnosis of cancer of a specified severity.

This is great news for anyone looking for value for money. it is cheaper than traditional Serious illness cover. {KomentoDisable}

Call us on 1890 666 666 for full details and to start getting peace of mind today.

Or use the quote button.

Don't gamble with the future of your business.

Protect the income of your business.

What would happen if your business had to move premises as a result of flooding?

How would you pay for the cost of moving?

Who would pay for the loss of income?

If the damage was large enough and the move took a long time it could seriously damage the future prospects of the viability of your business.

Why take the risk. Take out business income protection insurance.{KomentoDisable}

Use the quote button above.

 Protecting what's important.

 Term Life Assurance

The life company undertakes to pay out the sum assured on the happening of the specified event within the term, e.g. on death. There is no other benefit. A term assurance policy never acquired a cash or surrender value. Cover ceases at the end of term. If the policy holder wants to continue the cover they will have to apply for a new policy at that stage.

The term can be from 1 year upwards to maybe 25 or 30 years. Most life companies have an upper termination age which is usually 75 or 80.

The premium is fixed at the outset and varies according to:

• Term

• Age

• Smoker status

• Health status

• Nature of cover

• Level of cover

Policies can be taken out on a Joint life or dual Life basis. Joint Life provides cover for both lives but will only pay-out on the first death at which time cover on the second life will then cease. Dual Life Cover – provides cover for both lives independently, with separate pay-outs possible on the death of both lives assured. Hence in the event of death of the first life, cover will continue on the second life insured.

We can choose from a range of different Product Providers with the following flexibility:

• Increase/ decrease sum assured

• Extend or reduce term of cover

• Add or remove benefits

• Convertible

• Indexation

• Life Events options{KomentoDisable}

  

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Protecting the business with co-director insurance.

 Co-Director Insurance

 Co-Director Insurance is an alternative way of arranging Partnership Insurance for shareholders of a company where to the company carries the burden of the premium payments, rather than the shareholders personally.

A key aspect of the arrangement is that on the death of a shareholder, it is the company which buys back the shares of a deceased shareholder, not the surviving shareholders.

An outline of the arrangement is:

• The company enters a Contingent Purchase Contract with each shareholding, so that in the event of their death, the company would have the option which it can exercise within a limited period of death, to compel the deceased’s next of kin to sell their shares back to the company at a fair open market value. Likewise the deceased’s next of kin would also have an option to compel the company to purchase the shares from them. In this way the purchase/sale of the deceased’s shares can be triggered by either the company or the deceased’s next of kin after death.

• The company effects a life assurance policy on the life of each shareholder covered by such an agreement, to provide funds on death to enable the company to complete the buy back of shares. The premiums are paid by the company. As the policy is owned by the company, the payment of the premiums is not a BIK for Income Tax purposed for the shareholder covered by such a policy.

• In the event of death of a shareholder covered by such a Contingent Purchase Contract, the company would use the proceeds of the policy on his life to buy back his shares on death and cancel them. The surviving shareholders would therefore retain full ownership of the company as the deceased’s shareholding would then be cancelled.

It should be noted that this is a complex arrangement.

For independent advice and help contact one of our qualified experts today.

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Life & Serious Illness

 It is important to protect both yourself and your family for Life & Serious Illness.

Have you considered what it would do you to your family financially if you or your partner were to die or suffer a serious illness?

Would they be able to manage financially?

Adding Serious Illness cover to a life policy will provide a pay-out on serious illness rather than death. You are more like to suffer a serious illness than die prematurely. Statistically Cancer and heart related diseases are the most common serious Illnesses in Ireland.

Serious illness is also known as critical illness, or specified illness cover.

Product Providers have become very competitive as of late with the Serious Illness that they cover (most covering 47 illnesses) and even offer partial payments for some conditions.

Getting the right critical illness cover is vital.

Here at mypremium.ie we can choose from a huge range of Product Providers to tailor the best plan to meet your specific needs.

Flexible Options:

• Life assurance premiums are guaranteed to stay fixed throughout your policy term unless you alter your policy.

• Increase of decrease Sum Assured

• Guaranteed Insurability

• Optional extras can be added to your policy I.e. hospital cash payment, accident payment, broken bones payment, surgery payment.

• Whole of Life- pays a lump sum of up to €50,000 on death whereby the benefit remains in force even after the term of cover and premiums have ceased.

Why choose us?

• Our motto is ‘’your best policy’. We will tailor your plan to suit your present specific needs.

• We search the market for the most competitive quote for you.

• We can choose from a wide range of Product Providers.

Get peace of mind today- speak to one of our Qualified Financial Providers and make sure your family are

protected in the event of premature death or serious illness

Telephone us on 1890 666 666  or use the quote button

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