The Lion Life Insurance Blog

Many people view life insurance as nothing more than a transaction—you give the insurer money, and the insurers pay you money if you die.

But what if we saw it as more than just paperwork?

What if we saw it for what it really is – a protective bubble around your family finances, ensuring the ones you love the most are secure regardless of what happens to you?

Once upon a time, Ireland’s entire housing market descended into a massive ball of fire.

I’m sure you’re familiar with it.

One of the things that fell away, alongside property prices (now rising meteorically again) was the habit of switching mortgages.

But they're back, baby.

Despite how it sounds, Section 72 isn’t actually the name of a military base deep in America where aliens are being investigated. I mean it could be. CIA, don’t come for me.

Let’s try that again. In the context of Life Insurance: Section 72 ISN'T the name of a secret military base where aliens are being investigated.

Instead, Section 72 is a type of Life Insurance you can take out in Ireland to pay off Capital Acquisition Tax. Also known as CAT. Also known as ‘meow’.

Also known, more commonly, as inheritance tax.

Inheritance tax is the bogeyman of tax. It’s also fecking ridiculous. So let’s start by talking about that CAT.

You're almost there.

The bank has eventually given you mortgage approval.

You've found your dream home.

The vendor has accepted your offer.

Now all you need to do is meet with your bank and buy their mortgage protection, right?

There's a very clever way of buying more life insurance cover yet paying less.

And it's so easy to do.

That's what I look at in today's blog.

Look, choosing a life insurance policy isn't easy.

But follow these quick tips and you'll be fine.

If not, I'm here to help.

But what happens if you can’t work for a long time? Maybe you’re in a car accident or experience depression or fall ill. That magic money machine is about to stop chugging out the good stuff.

It’s why Income Protection is so important.

But if you’re someone who works a job that insurers categorise as risky, you might be facing massive, stonking premiums.
Which might lead you to believe insuring your income is out of reach.

This is where Wage Protector can help.

Some things will make you sit back and take stock of everything.

Getting married.

Having kids.

Those are the good ones.

But the flip side is correct, too: getting fired, a sudden death, cancer, or an accident can leave you reeling.

Especially if it’s something like a car crash that can hit so entirely out of the blue.  

While being a dentist might not be up there with bomb disposal in the grand scheme of stressful jobs, it’ll come as no surprise to you that Income Protection claims for dentists are on the rise. 

It’s simple: you spend your working day bent over and staring into people’s gobs – which is a divil altogether for back problems. And that’s before we mention rising stress levels and decreasing job satisfaction. 

Put these factors together, and you could end up facing a stint out of work with no money coming in.

And then what happens?

Income Protection, outright, is the best way you can protect yourself from whatever life throws at you.

No messin’, no foosterin’.

It’s the insurance that’s worth its weight in gold because: it covers up to 75 per cent of your salary if you’re unable to work long-term for any reason.