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Understanding Life Insurance in Ireland

Asked 12 Jan 2024 16:10:37
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12 Jan 2024 16:10:37 Eric Hoy posted:
Why Life Insurance?

Life insurance is a financial tool that can help your family in many ways. It can be used to provide for them financially, emotionally and even legally.

Financial Security: Life insurance is one of the most effective ways to provide for your loved ones if you die prematurely. A policy will ensure that they’re able to pay off any outstanding debts or bills you have left behind, as well as continue making payments on things like mortgages or student loans. The money from a policy can also be used for long-term investments like education funds for children or starting their own business ventures — something we’ll talk about later!
Emotional Support: The loss of a loved one is never easy but having financial security helps with this process immensely because it means there isn’t an immediate need for cash flow issues caused by funeral costs being paid off immediately after death occurs (which often happens). Life insurance companies also offer policies that cover grief counselling services so people can find some comfort during difficult times such as these.”

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