Why Life Cover?
The premature death of one or both parents is not only very emotionally upsetting for the surviving family members, it may also be financially devastating too.
Similarly, the death of a Business Partner or Keyman in a company can frequently cause adverse financial consequences for the surviving partners or business.
Life Assurance Cover which provides a cash asset where cash did not exist before. A life policy is often described as ‘a piece of paper, a drop of ink and a promise to pay’.
Recent market research in Ireland found:
- 67% of consumers would struggle financially if death or serious illness occurred.
- 53% of consumers have no life cover in place.
- 20% of consumers (320,000 people) would consider taking out cover in the next 12 months.
So why haven’t more people taken out protection?
The same research shows that the main barrier to customers putting Protection Cover in place is that consumers think it’s more expensive than it actually is.
So how much does it cost?
Well prices vary depending on the level or amount of cover that you require, how long you require it, your age, whether you smoke or not and your state of health too.
At OBI we provide solutions for people in the area of Life Cover Protection. We shop the market and find the best product and price to suit your particular needs.
All of these considerations are important. However, to help you consider what type of investor you are and what level of risk you can sleep with at night, why not complete and submit the attached Risk Assessment Questionnaire so that we can help you.