What Is a Life of Another Insurance Policy – And Why It Might Save You Thousands
When it comes to life insurance, many people in Ireland don’t realise that you can take out a policy on someone else’s life — and that it could be a powerful tool in protecting your finances. This is called a “Life of Another” policy, and it’s especially useful for unmarried couples, business partners, or anyone
Are You a Smoker Without Realising It? What Insurers Really Count as Smoking in Ireland
When it comes to life insurance in Ireland, many people are surprised to learn that being labelled a “smoker” isn’t just about lighting up cigarettes. Even if you only vape occasionally, use nicotine gum, or haven’t touched a cigarette in months, insurers may still classify you as a smoker — and that can significantly increase
Switching Your Mortgage? Don’t Forget Your Mortgage Protection.
If you’re one of the thousands of Irish homeowners considering switching your mortgage, you’re not alone – and you might be making a very smart move. According to the Banking & Payments Federation of Ireland (BPFI), nearly 4 in 10 new mortgage approvals are from switchers – not first-time buyers. That’s a clear sign that
When Should I Apply for Mortgage Protection?
When Should I Apply for Mortgage Protection? If you’re buying a home in Ireland, Mortgage Protection is one of the key steps you’ll need to take before drawing down your mortgage — but many buyers aren’t sure when exactly to apply. Too early and things can expire. Too late and you might hold up your
Vaping, Nicotine & Life Insurance: What Irish Insurers Really Count as Smoking
If you’re applying for mortgage protection, life insurance or income protection in Ireland and you vape – or only smoke socially — you might be thinking: “Sure I’m not technically a smoker, right?” You’re not alone, we hear this all the time at Beat The Bank. Many people are surprised to learn that even the
€57 Million in Claims: What Royal London’s 2024 Stats Tell Us About the Importance of Protection
Let’s face it — nobody wants to think about life insurance or income protection. But the numbers from Royal London’s latest claims report show exactly why more people should. In 2024, Royal London Ireland paid out over €57 million in protection claims — helping real people through life’s hardest moments. And here’s the key stat:
Income Protection: What It Is, Why You Might Already Have It, and What to Do Next
When we think about insurance, most of us go straight to mortgage protection — and no surprise, it’s by far the most common policy we help people with here at Beat The Bank. But what if your income stopped tomorrow? How would you cover the mortgage, the car loan, the bills? That’s where income protection comes
Life of Another: A Smart Protection Strategy for Couples, Business Partners & Families
💡 What is a Life of Another policy? It’s a life insurance policy taken out by one person on the life of another — often used when there’s a financial connection, such as a shared mortgage, business partnership, or inheritance planning need. 🟢 When is it relevant? 🏡 Cohabiting couples – To help cover potential
Income Protection: The Most Important Insurance You’ll Ever Buy
Forget mortgages. Forget pensions. Forget savings. Forget health insurance. Before you spend a cent on anything else, you need income protection. It’s the single most important financial product you’ll ever take out – because if you can’t work, you can’t pay for anything else. What Happens If Your Pay Cheque Disappears? Your income is the
Why Every Irish Parent Needs Life Insurance: Securing Your Family’s Future
Introduction As a financial advisor, one of the most frequent questions I encounter from Irish parents is whether life insurance is truly necessary. Many believe that life insurance is either too costly or simply not needed. In this blog, I aim to dispel these misconceptions and highlight the critical role life insurance plays in securing
Navigating Mortgage Protection with Beat the Bank
Owning a home is not just about having a space to call your own; it’s about securing your family’s future. Amid the joys of homeownership, it’s essential to address the potential financial uncertainties that may arise. Mortgage protection is your safeguard, and with Beat the Bank, it’s a journey towards digital ease, instant assurance, and
What is a Private Medical Attendant Report
Like many people these days, you have probably found yourself shopping online for insurance at some time or another. While the process varies depending on precisely what sort of coverage you are looking for, in most cases it will include the completion of a simple questionnaire in order to collect basic details about your health
The Benefits of Beat the Bank: Simpler, Cheaper Mortgage Protection
Beat The Bank was founded on the belief that homeowners deserve a better insurance platform to purchase their plan at the cheapest price without having to accept a watered down policy! Many people don’t know they can shop for mortgage protection, but why buy an expensive policy from your lender when you can get a
Do You Need Life Insurance for a Mortgage?
When speaking of mortgages, the type of life insurance that banks and lenders are usually referring to when they are talking about life insurance is ‘Level Term Protection’. This is usually seen as an ad on/extra and not a requirement.
Things You Must Know Before You Get a Mortgage
Before you proceed to buy a house or apartment you must get mortgage approval and preparing yourself for approval can take years.
Smokers With Mortgages pay €3,000 – €20,000 more over the term of their mortgage
If you have a mortgage, although you may not be aware, you are paying mortgage protection insurance.
Mortgage holders can save thousands by moving their mortgage protection away from the bank!
If you have a mortgage, chances are you’re spending hundreds or even thousands of euro a year on life insurance.
What is Mortgage Protection?
Mortgage protection is the most cost effective form of life assurance and is used most widely to protect both the borrower and the bank against the risk of the borrower dying within the term of the mortgage.
Co-Habiting Couples & Mortgage Protection … A tax landmine if not set up correctly
Marriage is not everyone’s cup of tea but certainly, it can be a very tax-effective route to go given the way Revenue look on cohabiting couples.
