Benefits Of Family Life Insurance

Reach out today

Family life insurance offers several key benefits that help protect the financial well-being of your loved ones.

Contact us today and book your consultation and see how Quigley Financial Brokers can help you choose the best options available or contact richard@quigley.ie for further information.

Here are the primary advantages:

Financial Protection for Loved Ones

If the primary breadwinner passes away, family life insurance provides a lump sum payment (death benefit) to the beneficiaries. This can cover:

• Daily living expenses

• Mortgage or rent

• Debt repayment (loans, credit cards)

• Children’s education

• Funeral costs

Financial Peace of Mind

Knowing your family will be taken care of financially if something happens to you can offer significant peace of mind and reduce stress.

Cost Savings with Bundled Coverage

Family policies often allow you to cover multiple family members (spouse and/or children) under one plan, which can be more affordable than buying separate policies.

Future Planning & Savings

Some types of life insurance (e.g. whole life) accumulate cash value over time. This can be:

• Borrowed against

• Used for retirement planning

• An emergency fund

Rider Benefit or Coverage Options

Family life insurance policies often offer a rider benefit that cover children, which can help:

• With funeral expenses in tragic cases

• Provide a small life insurance policy for them into adulthood

Estate Planning & Tax Benefits

Death benefits are typically tax free and policies can be structured to help with estate planning, including wealth transfer and inheritance.