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What is your largest Financial Asset?
In the good years it was your house or your business. However we believe it is now your income.
If you take someone aged 40 years earning €60,000 per year, their earnings to retirement are €2,100,000. That's a lot of money.
How much will your employer pay you and for how long if you are off sick?
30%* of workers believe their employer will provide sick pay Indefinitely.
*Source: Lansdowne Market Research 2006***
25%* believe they could survive on the State benefit.
A married couple with two dependants will only receive €391.90* between them to live off from the state.
* Source: Lansdowne Market Research 2006
** As at June 2009
If you are self employed you will get nothing from the state.
When someone cannot work due to health reasons, their income falls rapidly and their expenses increase rapidly. This risk is insurable and we can advise on your options.
If you are a Company Director or own your own business, you can pay for this cover through your business.
Five Questions you need to ask yourself.
- What are my "Necessary" Living expenses that would continue if my income stopped e.g. mortgage, utilities, food, medical insurance, etc?
- Would my personal savings pay for my "necessary" monthly expenses - for one month, three months, six months, longer?
- How long would my assets last if they were funding my day to day living expenses?
- What state benefit am I entitled to? Am I entitled to any benefit?
- Does my employer have a sick pay plan or long-term disability cover?
- How long would it pay me for?
We can advise on the best and most relevant cover for you. Call us for a quote 01 8027670.
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