See how our insurance recommendations enhanced Dermot and Laura's life
Dermot and Laura are both aged 38 and both are working earning €90,000 between them and have three young children, Jake aged 8, Nathan aged 6 and an infant girl Katie aged 2. They have a mortgage and childcare fees as well as normal run of the mill bills. They are concerned that their children will be badly affected should anything happy to either of them or both of them.
They key requirement here was to provide life cover which both parties were covered for €500,000 on death for a period of 22 years until youngest child is finished college. Also serious illness cover at twice their annual salary was put in place and income protection on the husband’s income as his salary was higher and the cost was within budget. Furthermore an element of their life was written under trust for each child in case of joint death of parents whereby payout will be held in trust for children.... discover more