I am self employed/sole trader.
I have had both a Lifestyle Protector Plan and a Personal Income Protector plan policies with Irish Life since 2001.
I am paying about €200 p/m to pay for them. (Lifestyle €140/ Personal Income €60)
Lifestyle covers me for specified illnesses and would pay €190k. It has a cash-in value of about €5,700.
Personal Income would kick-in after 13 weeks of illness. It will stop when I am 60. (I'm 55)
I have no children and no dependents.
Do they make financial sense?
Thanks.
D.
I have had both a Lifestyle Protector Plan and a Personal Income Protector plan policies with Irish Life since 2001.
I am paying about €200 p/m to pay for them. (Lifestyle €140/ Personal Income €60)
Lifestyle covers me for specified illnesses and would pay €190k. It has a cash-in value of about €5,700.
Personal Income would kick-in after 13 weeks of illness. It will stop when I am 60. (I'm 55)
I have no children and no dependents.
Do they make financial sense?
Thanks.
D.