Advice You Need For Life Cover in Ireland

Whole vs. Term Life Cover – Term Life insurance covers you for a specified period of time (ex. 10, 20 or 30 years). You are only paid benefits if you die within the term. Whole life insurance covers you for your whole life. When you die, a lump-sum payment will be paid to your family. Contemplate the Type of Cover You Need – For example, if you are considering buying life cover for your children, consider that it is taking longer than previous generations to get established into the workforce. They may need until their mid-twenties to be able to afford their own life insurance. Contemplate your family – The earlier you die, the more money you need to support your family. If you were to hypothetically die in your thirties, your family would be missing out on potentially thirty years of income that you would be providing. On the other hand, if you were to die in your seventies, it may not affect your family as drastically financially-speaking as it would if you were in your thirties. Consider Specified Illness …

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Irish Insurance Brokers

Insurance brokers can offer a wide variety of services to customers. Some brokers specialize in certain areas of Insurance, investments, Pensions and other financial products. The main benefit of using the services of a broker over say a bank is that with a broker there are a number of different services offered to the client. In most cases banks are tied to an insurance agency so the client can only get 1 quote with them. In a brokerage, you will find a number of different providers with multiple different quotes and rates. This gives the broker some leverage over the insurance agencies in order to get the client the best deal available to them. 

For a potential client, the most time efficient way to price the market for a policy is to use a broker. The broker will offer the most suitable product available at the best price and in many circumstances improve on the policy already in place through a bank. 

There are a variety of insurance products on the market to suit every need. Life assurance on the …

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Online Mortgage in Ireland 2019

As Operations and Compliance Manager of Irish Mortgage Brokers here since 2004, Karl Deeter has established himself strongly in the mortgage and financial world. One of his latest projects is Yes.ie that he started back in 2016. In short, yes.ie is an online brokerage. The website allows you to apply for mortgages, remortgages, investments or buy to let loans, while comparing the most competitive prices all in the comfort of your own home. On top of looking for mortgage rates, yes.ie also offers services for insurances. So, if you need mortgage protection, a pension, or life insurance, yes.ie has all the information you need within a few clicks. 

Everything about this website is geared towards the client. There’s no opening or closing time, and everything is done at your own pace. It’s hard to find the time to make an appointment with a broker. Now, there’s no need to take time out of your busy schedule to do so. Without facing the pressure of a salesperson, you can feel comfortable and apply on your own terms. 

If ever you need …

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Jobs at risk due to lack of insurers for the leisure sector

The insurance crisis has heightened due to one of the largest and last insurance firms offering coverage for the leisure sector pulled out of the market. The firm pulling out of the market presents a risk for the stability  many jobs.

The insurer was based in the UK, referred to as LeisureInsure and is said that it will not accept quotes for new businesses as of this week. Furthermore, LeisureInsure has noted that by the end July, it will also stop all renewals.

LeisureInsure was one of the few remaining insurers that offered coverage for unique businesses such as soccer teachers, drama classes, event companies, bouncy castle operators, leisure center, yoga classes and even some play centers.

The insurance company was based in Oxford, UK and was a management agent for the insurer AXA XL. AXA XL is a subsidiary of a global insurance company AXA. LeisureInsure dealt with insurance brokers and policyholders.

According to the Alliance for Insurance Reform, thousands of businesses will no longer be able to receive insurance coverage. The withdrawal of LeisureInsure will ultimately effect play …

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Ireland vs US: Gas Prices

When thinking of purchasing a car  one must consider many factors: cost, quality, practicality (to some degree), make, model, interior fabric, etc. One factor that must also hold a decent amount of weight in the decision process is monthly costs. This includes how much you drive, how many kilometers per liter your car gets for gas, and any possible maintenance or upgrades you plan on getting in the near future. 

Fuel efficiency is especially huge, given that gas prices are always fluctuating. Additionally, there is an increased push in Ireland towards the transition of cars from petrol based to electricity based. 

Ireland’s AA car servicing company has noted in a recent survey that overall the price of owning  a family car has been dropping but prices for other vital aspects of car maintenance are still higher than the average Eurozone cost. 

Irish gas prices have decreased by 2.5pc in the last 12 months. Although this is a positive sign for car owners and drivers, this decrease was well needed. At the beginning of 2019, prices had a substantial hike that …

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Businesses prepare for Brexit

Brexit poses a threat to many multinational companies that are headquartered in the United Kingdom. As of now, these companies are taking into consideration many economic and political factors that will help them make the decision to stay in the UK or relocate to a different country inside of the European Union. 

Ecclesiastical, a 130 year old niche insurance company, is one of the many who have begun looking into operation in other companies, although they are not interested in moving their headquarters out of the UK. In order to preemptively bridge the operational divide between the EU and the UK, Ecclesiastical has been working to receive clearance to operate as a third-country branch in Ireland; they have recently been approved by the Irish government. 

There are many requirements that must be fulfilled in order for this to be approved. Some of the most important of those being that the company must set up a full time presence in the country while complying with a minimum capital requirement being held within the Irish State by the Irish High Court as …

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Soon to see more regulation among housing

In reference to Greater regulation of our building standards would make it easier to fund social housing by Charles Barry on 26 June 2017 in Independent.

The house building of Ireland is continuing to rise but not without trouble. High demand means there is a chance builders are only looking at their output volume and not the quality. This led to numerous issues that have came up in late 90s and early 2000s – breaking health and safety regulations, pyrite, poor building quality, and contractor bankruptcy.

Regulations have since come up to avoid these issues with Building Control Amendment Regulations and Construction Industry Register Ireland. Even with these regulations in place, it can not completely solve the problem.

There is a similar situation in the UK with about the same building laws. A recent study found that 66 percent of the underlying issues of buildings are caused by poor workmanship.

To help alleviate this issue, the Dáil approved a motion to improve regulation for buildings. It improves the standard and quality as well as support to homeowners …

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The Specified Serious Illness Cover is Expanding to Better Cover

In reference to The Story of Specified Serious Illness Cover by Colette Houton.

Health insurance coverage is expanding its benefits to better cover individuals. This is to better adapt to the changing medical world. New policies you can look forward to is partial coverage for early-diagnosed cancer, expanding the amount of diseases covered, coverage for children from birth, and organ donor coverage.

The medical world is constantly improving with new technology and software to keep up with the new medical discoveries. The health insurance industry has to keep up with these changes. They recently have made some strides to better cover their clients. They did this because they know how relieving it is for a client when they know their disease is covered.

A new stride has been partial coverage for early detected cancer. Since new medical technology, cancer is diagnosed far earlier than when a client is entitled to the full claim. Even when it is discovered earlier many times people still have to go through extensive surgery and medical tests.  To help, the insurance industry, specifically Royal London’s …

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Podcast: How to get cheap insurance with Darragh Farrell, episode 00003

In this podcast we briefly looked at how to get cheap insurance. The amount of people who overpay for insurance is high in our opinion, and while it’s great that some folks seem to want to do all they can to make insurance companies profitable, we don’t agree with that so we spoke about ways to chop your bill down while keeping the same cover.

Darragh Farrell has been with us for almost a decade and has been a financial advisor for far longer, he holds his QFA and is also the person who heads up our sister site yes.ie which is purely about financial services.

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RTE Drivetime: Talking Money on ‘Gold’, 11th May 2015

We were discussing the reasons behind having an allocation in gold or precious metals in a diversified portfolio this week on ‘Talking Money’. Jill Kerby raised interesting points about the benefits while Karl said that it’s a good hedge but also one that has lost a lot of value in recent years.

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