01 906 1122
Trusted brokers for
life cover.
01 906 1122
Trusted brokers for
life cover.
Opinions.ie, The Research Agency conducted a survey based on 300 respondents nationally. It is so easy and affordable to take out life insurance providing peace of mind for the future.
Here are some of the findings.
At Oomph.ie, we can tailor the right policy specifically for you and your family. Oomph.ie was set up to make purchasing life assurance an easy and convenient experience and yet attain the most competitive prices available from the main six providers of life assurance in Ireland. We only use reputable, main brand life assurance companies in Ireland and can usually attain discounted or price promise prices from them. If you have any questions about Life Insurance or would like to know more about the right policy for you, chat with one of our team members at Oomph today.
Depending on the policy you purchase, you could be covered for different lengths. The term could be anywhere between one year and the rest of your life by life insurance. Depending on how long you’ve had you life insurance coverage, it might no longer be enough.
As your life changes, your insurance needs change with it. Depending on events that have happened and how your mind-set has evolved since you first bought a policy, it may be a good idea to make sure you have enough coverage. Here are some signs to watch out for.
Research has found, it will cost you €250,000 to raise a child from birth to college in Ireland. It is also estimated that the cost of education for a child is €70,000.
If you’ve recently had an addition to your family, your spouse or partner may not be able to afford those costs if something were to happen to you. That’s especially the case if you’re the financial breadwinner.
Two of the top five reasons people get life insurance are to cover mortgage debt and to pay for home expenses.
You do not want your family to be kicked out of your home if they can not pay this. When taking out a mortgage you need to consider what will happen if someone becomes ill, dies or unemployment occurs. Mortgage protection is put in place and designed to pay off your mortgage in such an event as death. There are difference kinds of mortgage protection so make sure you know the difference. It is very important that this is reviewed often especially when your circumstances change and to make sure you are on the right policy to suit your needs.
Two-thirds of people who own life insurance bought it to replace lost income if they were to pass away. If you’ve recently gotten a significant raise or your income has increased steadily since you last bought insurance, check to make sure your insurance coverage is still enough to replace it.
While income increases often come with lifestyle changes, it’s also possible to get a lifestyle upgrade. This is after you’ve paid off debt or improved your cash flow in some other way. If you notice that you’ve been spending more per month than you were a year or two ago, your current life insurance policy may leave a gap between its coverage and your loved ones’ needs.
Another top-five reason people get life insurance is to transfer wealth or leave an inheritance. As you get older, you may start thinking more about what kind of legacy you want to leave behind.
If you’ve been focused on other life insurance needs, it might be time to take another look to see if you would owe any taxes upon your death or what other expenses your estate might incur. You may also consider whether you want to leave any money behind for your children. In most cases, you won’t be able to increase the coverage on your current policy. Instead, you’ll buy a new one to supplement the first.
Whatever you do, take the time every once in a while to determine whether your life insurance coverage is still enough to take care of the people you love.
If you want to review your life insurance policy we are always here to give you free advice and provide you with our expert financial and life insurance advice for your future and your family. Contact us today for a chat.
Then it happens and you have to make that call to make the claim. It’s only really then that you are glad of the protection plan you have in place.
Life Cover pays a lump sum to your family of beneficiaries if you die. It is the simplest form of protection available and it is usually taken out to provide for your family or to pay off your mortgage in the event of death.
In 2017, Zurich paid €39.6 million in death claims with an average payout of approximately €94,000.
Here are some really interesting facts from Zurich relating to claims in 2017.
At Zurich, 40% of claims were for people aged 60 or less. Cancer is the principle cause of death and it accounted for nearly half of Zurich death claims in 2017. Cancer and heart related deaths accounted for 61% of all death claims in 2017.
The International TAB Award winners, Oomph, won for their website design and ease of use. Oomph received the award at the prestigious ceremony in Dublin. The Oomph team and John Molloy, Managing Director of Oomph, are delighted to have received the award for their work and to be International TAB Award Winners.
Oomph.ie website is very user friendly and easy to use. It also offers customers life insurance and mortgage protection at the best rates available in the market today. In other words, their website helps families easily purchase a life insurance plan online.
TAB is an International organisation of professional and service firms, manufacturing, distribution, contractors and construction companies. TAB is now operating boards in over 10 countries around the world and continues to expand. In addition, they have helped over 20,000 business owners improve their businesses and their lives.
If you have any questions about Life Insurance or Mortgage Protection, please Contact Us and we would be happy to help find the best protection for you.
Mortgage protection is considered as being one of the most basic forms of life assurance policies. This kind of insurance policy ensures that in the event of your or your partner’s death, any remaining mortgage left on your property will be paid off. Your property will then pass to your estate without any further mortgage payments needed.
This policy will cover you for the same period of time as that of your mortgage. For the majority of Irish mortgages, it is a legal requirement to have protection in place. Keep in mind this form of life insurance policy does not cover you in certain circumstances. For example, event of loss of income, inability to pay mortgage due to illness or job redundancy.
Mortgage protection, like life insurance, can be extremely beneficial when it comes to protecting the financial future of your family. In other words, your family will gain your mortgage death without mortgage protection. In cases where they are unable to complete payments, a bank has the legal right to repossess the property and sell it.
If you are considering taking out a mortgage protection policy and would like to know more information , our experts here at Oomph are available to chat and answer all of your queries. We also offer a three step application process which provides you with a personalised quote tailored to your requirements. Get your personal quote now!