Life & Illness Protection

Personal Life and Illness Protection

This type of cover can and should be separate to your mortgage protection cover.   The purpose of the cover is to provide a lump sum, on the untimely death or diagnosis of serious illness, to your family to reduce the financial stress that arises on such an event happening.

The level of cover which we recommend depends on your level of earnings/ outgoings/ number of dependants/ age/ health condition and also we have to consider the level of premium that you can afford.

Serious Illness Cover can protect you and your family against the financial impact of the diagnosis of a serious illness.  It will give you time to recover and may help towards the provision of additional specialist treatment.  The lump sum payout can be used to pay off debts, if you wish, to ease the financial stress on the family at a time like this.

We deal with all the major insurance companies and so will be able to find you the most competitive and suitable policy to protect you and your family should you no longer be able to provide for them.

We recommend at least €50,000 Critical illness cover for each person as a starting point. As a rule of thumb, Life Cover (apart from mortgage protection) should be in the region of 10 to 15 times your earnings. This will vary depending on personal circumstances.

At RMC Financial Services we have access to all the major life insurance companies and will obtain the most competitive quote in the market. Considerable savings can be made by reviewing existing contracts.  At RMC Financial Services we offer this review free of charge.

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RMC Financial Services

Unit 9, Glenrock house

Glenrock Business Park

Ballybane, Galway H91 AXN2