Personal Life Cover
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Mortgage Protection
Mortgage Protection is simply a form of life insurance linked to your mortgage. It’s specifically designed to help pay the outstanding balance of your mortgage if the worst were to happen to you. This gives your family the security of knowing their home is safe at a difficult time.
Life cover
Life cover is life insurance. It’s a practical way to make sure you have financial protection in place for your family if the worst were to happen. Your cover will pay out a cash lump sum if you die during the term of the plan. Your loved ones can use this money to help settle any outstanding debts or loans, pay off a mortgage, pay bills, whatever it takes to make them financially secure. It’s hard to underestimate how valuable that financial peace of mind can be at a difficult time.
Family Protection
Decreasing Term Family Protection is a cost-effective form of life cover designed to protect your family financially when you’re no longer able to, at a time when they need it most. Providing a financial safety net for your family, the lump sum payment can help with ongoing household bills,
pay off an outstanding loan or simply provide a good standard of living for your family in the event of your death.
What is Critical Illness
Specified Illness or Critical Illness cover provides a lump sum cash payment which enables you to take care of yourself and your family if you’re diagnosed with one of the conditions that is covered. Being diagnosed and suffering from a serious illness can be emotionally and physically draining. It can disrupt your ability to earn a living or care properly for yourself and your family
Cohabiting Couple
If you’re living with your partner and are not married to them, or in a registered civil partnership, you may have to pay inheritance tax, even if you jointly own a house. Couples that live together and are not married or in a registered civil partnership, are often referred to as cohabiting couples – When it comes to inheritance tax, cohabiting couples pay tax of 33% on an inheritance above the current threshold of €16,2501
Inheritance Tax (Section 72)
By taking out a Section 72 Inheritance tax policy, that tax can be paid when the child inherits your estate. A Section 72 policy is a Life Insurance policy set up by parents under Section 72 trust for their children. The proceeds of the policy are exempt from inheritance tax because they are used to pay off inheritance tax.
What Our Clients Say
Hear from our clients about their experiences and how they found working with First Rate Financial Planning.
Geanina Costan2024-05-03Highly recommended First Rate Mortgages ! Kevin and the team are absolutely amazing !Linda Murray2024-04-30We contacted Kevin and the team in First Rate last year when we were beginning our journey to try and buy a property. At every step of the way we received fantastic guidance and advice. They have been so easy to work with, always prompt and friendly. We have just gotten keys to our first home and we couldn't be happier! I would highly recommend the team. They made the whole process so much easier. Thanks Kevin and all the team at First Rate.Simon Silva2024-04-06First rate should be everyone’s first choice! Kevin and his team are superb, very knowledgeable, patient and reassuring all the time, we knew we had found the right Brokers when 6 different people recommended First rate mortgages to us. Overall 10/10, they’re the right team if you want a stress free journey 🙏Lee-ann Kelly2024-03-20Kevin & the team go above and beyond to make the process as stress free as possible. Ongoing engagement, clear communication and real-time responses/support being key. Their online portal for uploading the initial documentation is clear to understand and user friendly, and the team are there to support...when you make the occasional mistake!! Would highly recommend!!Noel Reville2024-03-20Fantastic service, patient, diligent throughout the extended process . Would highly recommendClaire Nelson2024-03-20Rachel and Kevin at First Rate were incredibly supportive during our mortgage application process and were extremely patient in guiding us through all the various hoops. They facilitated a positive outcome for us, which we are very grateful for.Lauren Walker2024-03-14Made our process with our mortgage so smooth and reassured us every step. Highly recommend Shay and his team 😊Kellie-Marie Connolly2024-01-24I would highly recommend First Rate mortgages. We dealt with Kevin who made the process very simple,quick and stress free. The team especially Lorna and Patricia were very helpful and were in constant contact with updates which was brilliant. Thanks to the team for all your help on getting our first home. We are over the moon and couldn’t have done it without all your help.Tadhg Rohan2023-12-14Can very highly recommend them. Rachel and Barry were a great help throughout the whole mortgage process and always on hand with any queries I would have myself. Brilliant service.
Talk to us today
Contact us today to learn how our expert advisors can assist you with mortgages, pensions, investments, income protection, and comprehensive financial planning.
