At Peavoy Financial Planning we are aiming to continue to do everything we can to support people in our community during these unsettling and challenging times.
We understand that some people are experiencing financial difficulties as a result of the COVID-19 crisis and are concerned about managing cash-flow, as well as holding onto their valuable protection benefits like Life Assurance and Mortgage Protection.
We cannot stress enough how important it is to keep these critical benefits at this time, however there are a few areas you might like to explore further.
A) Flexible Options
Fortunately most of the Life Insurance Companies have introduced some new flexible payment options in relation to Life Cover and Mortgage Protection.
This is for people who have experienced a sudden change in household income and are finding it difficult to meet their monthly outgoings at this time.
For further information on what options your insurer may have, please do reach out to us and we will see can we be of help.
B – Policy Review
As life rushes by we get caught up being busy. We are all guilty of it. One of the most important aspects in the financial planning world we live in, is to make time for a review of your financial affairs.
With the travel restrictions in place over the next few weeks, now may be good time for you to do this. Our policy review service is one of the most popular services we provide.
This is a no obligation complimentary service. It comprises of a full report on all your existing life and pension policies and has three elements
- Policy schedule: this sets out all your policy details (on one page) and tells you the type of cover you have in place.
- Cost & Benefit Comparison: We assess the premiums that you are currently paying for your Life Cover and what other benefits you have and ensure that they are the most competitive in the market.
- Recommendations: Once the review has been completed we will outline certain recommendations. It is then up to you what further action you take, if any.
From time to time, the five Life Insurance Companies we work with offer a discount on their standard monthly premium.
Peavoy Financial Planning pass this discount onto our clients in full.
At present there are discounts available of up to 20% on Life Cover on their Standard Monthly Premium. Reduced premiums like this can lead to substantial savings in your monthly premium today and over the full lifetime of your policy.
If you would like us to review your current situation please get in contact with me here at Peavoy Financial Planning and we will work through your current situation with you.
I can be contacted on 087-2902206 or alternatively by email on david@peavoyfinancial.ie.
David Peavoy BA, QFA, LIAP is the Owner of Peavoy Financial Planning whose practice is based in Office 5b, Portlaoise Enterprise Centre, Clonminam Business Park, Portlaoise, Co Laois.
David Peavoy T/A Peavoy Financial Planning is regulated by the Central Bank of Ireland.
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