The importance of Financial Insurance In Ireland
When it comes to financial planning, insurance isn’t the nuisance it has been most of your life.
All good financial plans account for unexpected life and financial events. See our financial planning page for details of how we model against these, but protecting your family’s wealth and future is so important, that some insurance is often needed – literally.
When you have the right amount, and the right type, of protection it gives you peace of mind knowing your family and assets are protected.
Yes, in the world of financial planning we do call savings ‘self-insurance’, but a major illness, accident or losing your income can not only wipe out your assets but also derail your retirement plans, so relying on your portfolio alone is not advised,
In fact we do recommend all our clients have appropriate insurance Ireland in place.
Of course, when you are planning for your future, and trying to cover a lot of complex scenarios, there is no such thing as an off-the-shelf insurance solution. What kind of insurance, and how much insurance you require depends on your personal circumstances. It doesn’t matter if you seek individual insurance policies or policies for businesses, you will need a bespoke approach to insurance cover.
Furthermore, if you are thinking of working abroad, there are extra considerations like repatriation in case of death or critical illness.
Financial Insurance for individuals and families
Insurance for individuals and families
This is a bespoke solution. It is important to have life and critical illness cover. You choose the types of illness you want to be covered for, and the level of coverage. So, if you had €60,000 of cover for cancer, once your diagnosis was confirmed you’d get a cash payout of €60,000. The money given to you can be used as you wish – covering treatment costs and fees or paying living expenses.
If you own a business, specialist insurance can be an important part of financial planning. Our experts can guide you regarding various business insurance Ireland.
Here are a few of the more common types of Business Insurance Ireland policies you should consider.