Archive for the ‘Insurance’ Category

7 tips to get the right Life Insurance

July 23, 2014

Life Insurance

Here are a few tips on how to get the right Life Insurance

1 – Comparison shop online. There are many sites that aggregate offers from the top insurers for one-stop shopping. Quintas Wealth Management can provide you with a Life Insurance quote from all listed Irish Insurance companies. Quintas Wealth Management does not charge a fee for this service.

2 – Consider features besides price. Insurance is only as good as the company that stands behind it. So always compare the death benefit, claim history, policy premium, and insurer’s rating.

3 – Find out what your employer offers. Insurance through a group policy may be of good value, but it’s smart to supplement it with a private policy in case you lose your job. You can have multiple life insurance policies, and that may be required to have enough coverage.

4 – Purchase enough coverage. Most people underestimate the amount of life insurance that’s needed to protect their families. A rule of thumb is to have at least 3 times your annual income—but you may need much more depending on the age and health of your dependents; or any loans/ debts outstanding.

5 – Don’t forget to adjust your coverage. Re-evaluate your death benefit on an ongoing basis—especially as you earn more, change jobs, have a child, get married, get divorced, experience a serious illness or disability, begin caring for an aging parent, have a death in the family, or start a business.

6 – Don’t cancel a policy before getting a new one. If you find a more affordable life insurance policy, be sure the new one is in force before you cancel the old one so there’s no lapse in coverage.

7 – Speak to a Financial Advisor if you have questions. At Quintas Wealth Management you can speak to a financial advisor if you have a question about what type of life insurance policy is right for you or how much you really need. Quintas Wealth Management does not charge a fee for this service.

Quintas Wealth Management can be contacted on 021 4641480 or email info@qwm.ie