Make sure your family is protected

It’s not a pleasant thought but have you ever considered how your family would cope without you?

Your loved ones mean the world to you so it makes sense to plan for their future. At Gallivan Financial we can help you to find the right type of cover that will ensure that your family’s future is secure.

Life insurance can protect your family’s future in the event of your death. AS the policy holder, you will pay monthly premiums and then a lump sum will be paid out in the event of your death if you die before a certain time, e.g. before you have paid off your mortgage.

If you do have a mortgage then life insurance is recommended, especially if you have a partner or dependents. A common misconception is that you must choose the policy offered by your mortgage provider. This is false. Your Gallivan Financial adviser can help you to find the perfect policy for your specific needs.

Certain kinds of life insurance can soften the blow of inheritance tax. These policies pay out a sum into a trust upon the holder’s death, which can then be utilized to pay the tax bill.

Illness or injury

If an injury or illness prevented you from working, how would you and your family cope? Employers usually offer sick pay, but only for a limited period.

Income protection is a great way to cover yourself for a longer period off work.

Another option is critical illness insurance. This will provide you with a large lump sum if you are diagnosed with a ‘critical illness’ like cancer, heart attack, stroke or multiple sclerosis. A number of other illnesses are also covered, so have your adviser check all details carefully before taking out any policy.

Whichever type of insurance you require, you can choose the amount of income/lump sum that you need. Of course, the higher the amount, the higher premiums.

The next step

Life insurance can be quite complicated at times and with so many rival providers selling such a large number of products, it’s difficult to know who to listen to.

That’s where we come in.

At Gallivan Financial we pride ourselves on providing clear, honest and impartial advice to guide you in the right direction.

Simply give us a call on 064 6637393 or visit our office in Killarney today. We’ll be delighted to help.

All the best,

The Team at Gallivan Financial

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