DNG Financial Services: Family Life Cover

DNG Financial Services: Family Life Cover

Life Assurance provides financial security to your loved ones in the event of your passing. It can cover outstanding debts, funeral expenses, and provide ongoing financial support to your family in the event of your untimely passing. Crucially, it ensures that your family can maintain their quality of life even in your absence.

At DNG Financial Services we understand the importance of securing family life cover that adequately protects your family and their financial position in the event of your untimely passing. As a key household earner, your passing can result in genuine financial hardship for your loved ones. We understand that no amount of money will ever replace you, but you can make sure that you leave them complete financial security. 

At DNG Financial Services we understand the importance of choice when it comes to taking out a family life cover policy. We are uniquely positioned in partnering with all of the leading life assurance providers in Ireland, ensuring we secure you a market-leading policy at all times.

Having an expert available to you is valuable in the process of securing any insurance policy, particularly something as important as a family life cover policy. At DNG Financial Services, our role is to find you the best available life assurance policy in the market, with the least amount of effort from you. Our Financial Advisors are here to take the stress out of the process for you.

Family Life Cover FAQ

Here are some of the most commonly asked questions when it comes to family life cover in Ireland, answered by our expert Advisors in DNG Financial Services

Family Life Cover is a type of insurance designed to provide financial protection for your family in the event of your untimely death. It typically pays out a lump sum or regular payments to your family, helping to replace lost income and cover expenses such as childcare costs, maintaining standard of living, and everday living expenses.

Family Life Cover is suitable for individuals who have dependents or loved ones who rely on their income to maintain their
standard of living. This includes married couples, parents with young children, couples with joint financial obligations, and anyone else who wants to ensure their family’s financial security in the event of their death.

The amount of coverage you need with Family Life Cover depends on factors such as your income, outstanding debts, living expenses, future financial goals, and the needs of your dependents. A financial advisor can help you determine an appropriate coverage amount based on your individual circumstances.

Family Life Cover policies come in various forms, including term life insurance, whole life insurance, and universal life insurance. Term life insurance provides coverage for a specific period (e.g., 10, 20, or 30 years), while whole life and universal life insurance offer coverage for your entire life, with additional features such as cash value accumulation.

Yes, many insurance providers offer customisable options with Family Life Cover policies. You can typically tailor your coverage amount, choose the length of the policy term, add optional riders for additional benefits (e.g., critical illness cover, disability cover), and adjust the premium payment frequency to align with your budget and preferences.

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