The Lion Life Insurance Blog

We all want to kiss our children goodnight and drift off to sleep safe in the knowledge they'll be OK if we don't make it through the night - or the next day!

So, why aren't more of us talking about life insurance?

Well, there are probably a bazillion reasons that are outside the scope of this blog, but here are the top 5 reasons we tend to shy away from this important topic.

What's your excuse, eh??

Any employer worth their salt knows that without their employees, they have nothing.

So, a smart employer will always put Executive Income Protection in place to keep their staff safe and happy.

And if you are a Director of your own Limited Company, you'll want to ensure you're ok if the worst happens.

Now, I know some employers pride themselves on being the tightest in their industry, so we're talking to those who value their employees and want to look after them.

Because let's be honest, by looking after your employees, you're looking after your business too.

It's a magical trade-off that keeps everyone happy.

It's time to get down and dirty with mortgage protection.

We all know what a basic mortgage protection plan is, right?

It's a type of life insurance policy that protects your mortgage lender. If you die, your policy will pay a lump sum of cash to pay off your mortgage.

So yeah, it protects your bank, but you pay for it.

Hardly fair, but in Ireland we must do all we can to protect the banks, isn't that right?

What if I told you there's a type of mortgage protection with way more bang for your buck? 

This little gem is called a Convertible Mortgage Protection Plan.

How much should you spend on life insurance?

Like it or not,  life insurance is a smart play for your family.

If you walk out in front of a bus, you're gone, and so is your income that they depend on for their future financial stability.

But, you might wonder how much you should spend on life insurance?

Are we talking about having to sacrifice nice days out with the fam, or just your regular morning caffeine hit?

These are totally valid questions. It seems like any hard numbers are, well, hard to come by no matter how much googling you do.

If you think you need life insurance for a mortgage, you're mistaken.

All you need is mortgage protection (no matter what the bank tells you)

It'll save you a few quid...

I'm not one for taking sides or having favourites, but it's hard to ignore Royal London's serious illness cover when making a recommendation.

Serious illness cover has never been my favourite insurance.

It's hit-and-miss; with limited illnesses covered, you can't always be sure that it's a backup plan that will have your back.

But here comes Royal London Ireland storming the stage with some sassy, serious illness specifications.

And some of their improved Specified Serious Illness Cover are unique in Ireland.

So, let's dig a little deeper and plough through all the jargon and whatnot to make sense of what Royal London Ireland offers.

Don't even think about lying on your life insurance.

If you do, it will forever eat away at your conscience, and when you die, your family are screwed.

What if you're single and don't have kids?

Life insurance is life insurance, right?

Well, no.

It would make far more sense for insurers to create one singular type of life insurance to avoid confusion and complication.

But if we know anything, it’s that insurance companies love complexity.

So let’s try and decipher what’s going on.

A little birdie told me that you’re holding back on life insurance because you’re worried about discussing some health issues you have.

That’s awful, but I understand.

First, any insurance broker worth their salt shouldn’t make you feel uncomfortable about personal health issues, but I’m sure this won’t quell the fear.

So how about if I told you one of our rather clever insurers now offers an app that means your broker has ZERO access to your medical information.

That’s right.

With Appy, a new medical underwriting app, insurance advisors have less involvement in your medical history.