In 2021, over 40% of the advice I provided to our clients was in the areas of personal, family or business protection. The specific needs being:
I firmly believe that everyone should have a plan in place to provide financial security should something happen to them. I recently carried out a review of the Life Insurance market to assess what benefits were paid out in 2021. My findings, which I’ve outlined below, show just how important this can be to an individual and their family as we never know what life has in store for us.
Specified Serious Illness Cover
Source: Irish Life 2021 Protection Claims
I think the findings are very stark and show that it is a necessary element of a robust financial plan. No amount of money will relieve the upset of an unexpected death, illness or accident. But with proper planning you can alleviate the financial concerns a tragic event like this may bring.
If you’d like to talk about creating your individual plan just get in touch today.