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  • lowcostlifecover.ie
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    Original URL path: http://lowcostlifecover.ie/component/mailto/?tmpl=component&template=health1&link=99977eab053c078d8b1ceb4ab0e8a951d6d90e84 (2016-04-26)
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  • Income Protection Claims 2015 in numbers
    Illness Cover and Income Protection claims in 2015 The average annual Income Protection benefit amount was 19 380 In the case of Income Protection mental health illness was the biggest cause of claims paid accounting for 19 of those unable to work during the year Both back pain and cancer were the second most frequent conditions at 14 for each of these conditions Adrian Cardiff Head of Income Protection Claims in Irish Life commented Thankfully most workers who become ill or are injured do return to work after an absence We provide the support and services alongside employers to help make this happen For those unable to return to work for longer periods we provide financial security through a very difficult time Read 263 times Last modified on Tuesday 08 March 2016 16 06 Tweet Published in Blog Tagged under Low cost life cover Life insurance personal finance Term assurance mortgage protection money pension retirement planning mortgage insurance cheap life cover Cheap life insurance investing financial advice financial planning choosing a financ Low Cost Life Cover Latest from Low Cost Life Cover Loosing the ability to earn an income could be a financial headache How safe is your State pension

    Original URL path: http://lowcostlifecover.ie/blog/item/47-income-protection-claims-2015-in-numbers?tmpl=component&print=1 (2016-04-26)
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  • lowcostlifecover.ie
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    Original URL path: http://lowcostlifecover.ie/component/mailto/?tmpl=component&template=health1&link=178c9ac5abd26104c19ac3497e9005ebc8ffacf2 (2016-04-26)
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  • €51,000 deposit puts homes beyond the reach of workers
    qualify with 10pc of the property values for amounts borrowed up to 220 000 and 20pc for amounts over this A spokeswoman from the Irish Banking and Payments Federation BPFI confirmed that the figures were not issued to the media I can confirm that this was not in the BPFI Housing Market Monitor published on Monday It was used as part of a presentation to stakeholders to offer more insight and context she said There was no reply when she was asked if the figures on deposit sizes were kept from the media in case they would scare off potential mortgage applicants Figures earlier this week showed first time buyers are being pushed out of the property market due to the lending limits Just over 1 000 want to be buyers got approval for a mortgage in January Mortgage broker Karl Deeter said This is the price of protecting banks because for a person looking to buy a home requiring another 20 000 means only two things you stay a renter or you ask a preferably rich mum or dad for the money Most people feel the Central Bank lending rules should be eased according to a survey commissioned by life insurer Royal London and carried out on 1 000 adults here by iReach The survey results illustrated that general support exists for the Central Bank s lending rules Joe Charles of Royal London said However the majority of respondents feel that some fine tuning of the measures is needed with 48pc suggesting that there should be some relaxation for first time buyers Meanwhile the housing crisis has worsened with news that the stock of homes for sale has reached its lowest level since records began in 2009 There are just 26 773 properties for sale nationwide compared with January

    Original URL path: http://lowcostlifecover.ie/blog/item/46-51-000-deposit-puts-homes-beyond-the-reach-of-workers?tmpl=component&print=1 (2016-04-26)
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  • lowcostlifecover.ie
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    Original URL path: http://lowcostlifecover.ie/component/mailto/?tmpl=component&template=health1&link=ea254d781345fabad8ff8c1da3b509c0c8bcfca0 (2016-04-26)
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  • Do You Think Stay At Home Mums Need Life Cover? Watch and See
    Still basking in the glow of family and good food they headed off to their house On the way their pickup was slammed by a hit and run driver The truck rolled over pinning Nicolas and wife Teresa inside Son Gabriel and daughter Mayra managed to crawl out and were only slightly injured When rescue workers arrived Teresa was already dead Nicolas had three broken vertebrae and multiple fractures in his arms In one second your life changes Nicolas says After their injuries were tended to the Virgens started picking up the pieces Thankfully Teresa had life insurance to help them do it Initially the couple wasn t convinced that Teresa needed a policy of her own since she did not work outside the home As a building contractor Nicolas saw the rationale for his own life insurance But their insurance professional Irene Henry made the case that there would be expenses if something were to happen to Teresa Think of all the things that Teresa does Irene recalls explaining to them The life insurance allowed them to pay bills while Nicolas was out of work for nearly two years recovering from his injuries including an amputated finger It also helped with college expenses for Mayra and her older sister Susana If not for the insurance Nicolas is certain that his family would have lost their home It s like Teresa is still watching over us and taking care of us he says Read 304 times Last modified on Wednesday 09 March 2016 10 59 Tweet Published in Blog Tagged under Low cost life cover Life insurance personal finance Term assurance mortgage protection money pension retirement planning mortgage insurance cheap life cover Cheap life insurance investing financial advice financial planning choosing a financ Low Cost Life Cover Latest from Low

    Original URL path: http://lowcostlifecover.ie/blog/item/45-stay-at-home-mum?tmpl=component&print=1 (2016-04-26)
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  • lowcostlifecover.ie
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    Original URL path: http://lowcostlifecover.ie/component/mailto/?tmpl=component&template=health1&link=ce88164348b40aaf36b36ddcbfc1fb25b8e61348 (2016-04-26)
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  • Mortgage Protection for Cohabiting Couples
    a complete exemption from Inheritance Tax on the value of a dwelling provided the person inheriting the property satisfied certain conditions basically that it was and continues to be their home This is commonly referred to as family home relief The relief is available to any individual who satisfies the conditions and not just to qualified cohabitants To qualify for the exemption the person who inherits the home must have occupied the house as their sole or main dwelling for three years prior to the date of the inheritance not hold an interest in any other dwelling house at the date of the inheritance continue to occupy the house as their sole or main residence for 6 years after the date of the inheritance What this means is once a couple have been living in the house for 3 years regardless of which of them own the house paid the mortgage or the mortgage protection policy there will be no Inheritance Tax liability on the value of the house if the above conditions are met However if the above conditions are not met then there could be significant tax implications for the survivor For example what if one of the cohabiting partners owns other property which also passes to the surviving partner on their death or indeed the surviving partner already has an interest in a property of their own Where the dwelling house is passed as a gift during the life of the original owner of the property there are additional conditions to be met Hopefully the following examples will explain this and provide solutions for the tax liability Example 1 John Mary buy a house in joint names They contribute equally to the deposit the mortgage repayments and the joint mortgage protection policy John dies in the first year of the mortgage House valued at 300 000 The mortgage is cleared by the Mortgage Protection Policy Mary inherits 50 of property assuming held as joint tenants Threshold for Mary 15 075 at 33 on 134 925 44 525 Options 1 Increase Mortgage Protection policy by 45 000 possible tax on 45 000 at 33 14 850 or 2 Life of another policy for 45 000 Example2 Marylives withJohninhis house Johnpaidthedeposit andasthesoleearner paysthemortgagerepaymentsandthe joint mortgage protectionpolicy John dies after only two years of them living together House valued at 300 000 The mortgage is cleared by the Mortgage Protection Policy Mary inherits 100 of property John leaves this to Mary in his will Remember cohabiting couples have no automatic rights to their partnersproperty Threshold for Mary 15 075 tax at 33 on 284 925 94 025 Options 1 Increase Mortgage Protection policy by 95 000 possible tax on 95 000 at 33 31 350 or 2 Life of another Life Cover policy for 95 000 Remember if the conditions for Family Home Relief are not met then there could be significant tax implications for the survivor For further information on how to structure life assurance arrangements for cohabiting couples

    Original URL path: http://lowcostlifecover.ie/blog/item/44-mortgage-protection-for-cohabiting-couples?tmpl=component&print=1 (2016-04-26)
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