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At Navigation Wealth, we understand that safeguarding your assets and loved ones is a top priority. Our range of protection products is designed to provide you with peace of mind, knowing that you are covered against life’s uncertainties.
Life assurance protection policies in Ireland provide financial security by ensuring a payout upon the policyholder’s death, offering peace of mind to their beneficiaries
Serious illness cover, also known as critical illness cover or specified illness cover, provides financial protection by paying a tax-free lump sum if you are diagnosed with a serious illness specified in your policy.
Income protection policies offer significant benefits, providing financial security and peace of mind for individuals who are unable to work due to illness or injury.
These are discussed in more detail below.
Why Choose Us?
- Local Expertise: As an Irish insurance intermediary, we have a thorough understanding of the local market and regulations, ensuring that your protection plans are compliant and tailored to your specific needs.
- Wide Range of Products: From life insurance to income protection and critical illness cover, we offer a comprehensive suite of products to protect you and your family.
- Personalized Service: We take a client-first approach, offering customized solutions that reflect your unique circumstances and goals.
- Trusted Advisors: With years of experience and a commitment to excellence, our team is dedicated to providing you with reliable and effective protection strategies.
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Don’t wait until it’s too late. Contact Navigation Wealth today to learn more about our protection products and how we can help you safeguard your future. Your peace of mind is our priority!
Life assurance protection policies in Ireland provide financial security by ensuring a payout upon the policyholder’s death, offering peace of mind to their beneficiaries. They may be written either as term life insurance, which covers a specific period, or whole of life insurance which guarantees a payout whenever the policyholder passes away.
These policies can be tailored to meet various needs, including mortgage protection cover, where the policy helps clear any remaining mortgage debt, and family protection cover, ensuring that loved ones are financially supported.
Serious illness cover, also known as critical illness cover or specified illness cover, provides financial protection by paying a tax-free lump sum if you are diagnosed with a serious illness specified in your policy. This lump sum can be used to cover living expenses, mortgage payments, short-term debts, and medical expenses. Policies typically cover major illnesses such as cancer, heart attack, and stroke, but the exact illnesses covered can vary between insurers. Some policies also include benefits for serious surgeries and limited coverage for children.
While serious illness cover offers a one-time payment, it is important to compare it with Income Protection Insurance.
Income protection policies offer significant benefits, providing financial security and peace of mind for individuals who are unable to work due to illness or injury. These policies ensure that policyholders receive a replacement income, typically up to 75% of their pre-disability earnings, helping them maintain their standard of living and meet financial obligations such as mortgage payments, bills, and daily expenses.
One of the key advantages of Income protection insurance is its flexibility. Policyholders can choose the waiting period before benefits begin, ranging from a few weeks to several months, allowing them to tailor the policy to their specific needs and financial situation. Additionally, income protection premiums qualify for tax relief at the policyholder’s marginal tax rate, making the coverage more affordable.