We have a range of life insurance policies designed to give you the peace of mind that your family will be looked after in the event of your death.
Life Cover is generally required if you have dependants or debts – most people will set up a life insurance plan to provide financial security for the family or to repay a mortgage/loan on death. These plans can be arranged for a ‘specified term’ or on a ‘whole of life’ basis.
Serious Illness can bring practical and emotional problems and while no one likes to think about becoming ill, it pays to be prepared for the future.
A serious illness policy pays a lump sum on diagnosis of a specified illness (e.g. heart attack, stroke, cancer etc.). These policies can be arranged in conjunction with life cover or on a standalone basis.
Income Replacement Plans
If you can’t work because of an accident or sickness these products are designed to give you an on-going income until either you return to work or you retire, whichever happens first. The premiums for these policies are tax deductible at your marginal rate of tax.
Co. Director’s/Shareholder Protection
What would happen to your company in the event of your death?
Would your company be in a position to purchase your shareholding from your spouse/estate? Would this be done in a tax efficient manner? Our team of advisors will be able to help you put in place a plan that ensures that your family and your business are protected on your death.
Inheritance Tax Planning
Many people plan to leave inheritances to their children, to relatives or to deserving charities after they die.
Reductions in inheritance tax thresholds and increases in inheritance tax rates in recent years mean that without careful planning an individual’s estate could face a significant tax bill on their death. It is possible to put a life insurance plan in place to lessen or eliminate the potential tax bill. At Mulcahy Insurances ltd we can outline a plan that can identify and manage any tax liability in advance and deliver piece of mind to you and your family, optimising the amount that can be passed on in a tax efficient manner.
Call Mulcahy Insurance today on 026 41424 or contact us to get a life insurance quote.