Life Assurance Wexford - Home Cover (Mortgage Protection)
Life Assurance Home Cover is Life Assurance or Mortage Protection, at its most basic. The amount of cover you need and the length of time you should be protected for will depend on the amount and term of your mortgage. As you pay off your mortgage your cover will fall to reflect the falling amount you owe on your mortgage.
Three great reasons to choose Life Assurance Home Cover, for your Mortgage Protection, from Safeguard Insurance Wexford
1. Peace of mind
Life Assurance home cover gives you peace of mind that if you die during your mortgage term, your family should be able to pay off whatever is left of your mortgage. You can also add specified illness cover so if you suffer one of a list of 25 illnesses it can help with repayments on your mortgage.
2. Value for money
This plan is great value for money. We keep the cost of your cover as low as possible, by reducing your cover each year to reflect the decreasing amount you owe on your mortgage.
3. Premium is fixed
The premium is fixed for the term of the plan and can not be increased.
Life Assurance Wexford Cash Cover
How Life Assurance Cash Cover works
The Life Assurance Cash Cover Plan can provide a single cash payment to your family if you die during the term of the plan. Your family can use this lump sum to cover any expenses they might have - for example, funeral expenses or other debts. They could also invest it to provide a regular income.
Four great reasons to choose the Life Assurance Cash Cover Plan from Safeguard Insurance Wexford
1. Peace of mind
You can gain peace of mind that if you die or suffer one of the list of illnesses we cover during the term of the plan, your family could receive a single cash payment.
2. Guaranteed benefits
We guarantee the benefits that you are covered for. That means you will always know how much you are paying and how much you will receive.
3. Optional benefits
We offer you a range of optional benefits such as:
- Specified Illness Cover
- You can add specified illness cover (SIC) which pays you a lump sum if you suffer from one of the 25 conditions we cover. Serious illness can strike at any time and the statistics are frightening. Not only could you face increased medical bills on top of your regular bills, but you could face them when your income is reduced because you can't work. Men have a one in four chance of becoming seriously ill before the age of 65 and for women, that figure is one in five. The most common illnesses are cancer, heart attack and stroke.
- Free Children’s Cover
- Hospital Cash Cover
- Accident Cash Cover
- Inflation Protection
- Guaranteed cover again
Income Protection
We are proud to announce a major upgrade to our Income Protection offering!
With several exciting Income Protection enhancements, including:
- New Guaranteed Income Protection option - the rates we charge won't change during the lifetime of the plan.
- New Top-Up option – no need to provide new health information
- New free NurseAssist 24/7 service
- Competitive Rates - we're typically 5% - 15% cheaper than our main competitor!
4 Great Reasons to start an Income Protection plan today with Safeguard Insurance Wexford
- Income Protection pays you a regular monthly income if you can’t work due to accident or illness
- Income Protection now offers more benefits and features than ever before.
- Payments on your Income Protection plan may be eligible for tax relief at your marginal rate of tax. So, it costs less and offers great value for money
- Income Protection gives you real peace of mind by providing cover until the plan ends, no matter how many claims you make.
Income Protection does not cover you if you become unemployed.
Income Protection - Tax Relief
Income Protection is cost effective when you consider the tax relief available from the State.
For example, Jenny is a 30 year old, non smoker, clerical officer earning €40,000 a year. If she were unable to work due to an illness or disability she would receive €10,623.60 per year in Illness Benefit from the State. This is not enough to maintain her current lifestyle so Jenny decides to start an Income Protection plan.
Jenny can cover up to 75% of her income (less the State benefit) against illness or disability. This means she could protect €19,376.40 (up to age 60) for the following costs, depending on whether she chooses the guaranteed or reviewable option.
Jenny's Monthly Payment Guaranteed Option Monthly Cost
Before Tax Relief €53.13
After Tax Relief €31.35
Under current tax law (May 2009), payments to this Income Protection plan are eligible for full tax relief at the marginal rate of income tax. To check if you are eligible for tax relief and for more information please read our Income Protection booklet. You can also find more information on tax relief at the Department of Social and Family Affairs or The Financial Regulator.