Cathedral Financial Consultants Limited, advising clients since 2003.
Help protect what’s most important to you.
Take control of your money and your future, today.
Help protect what’s most important to you.
Take control of your money and your future, today.
Life insurance
What is life insurance?
Life insurance is a type of insurance policy that can provide financial support to your loved ones when you pass away. It can offer this in a lump sum payment, which can help clear outstanding debts, such as your mortgage, and give your family money to live off, so your partner or children can continue to pay bills and living expenses.
How does life insurance work?
Life insurance pays out on the policyholder’s death, typically in the form of a lump sum. You’ll agree on the amount of cover you’d like to receive through your application. The pay-out remains a set amount whenever you die, if you’re taking out a level term or whole of life policy. But if you opt for a decreasing term policy, the amount would reduce over time.
How much life insurance do I need?
The right level of life insurance cover for you will depend on your personal circumstances. Typically, the more cover you take out, the higher your premium will be. However, if you underestimate how much money your dependants will need, then you could leave your loved ones short.
Life insurance
What is life insurance?
Life insurance is a type of insurance policy that can provide financial support to your loved ones when you pass away. It can offer this in a lump sum payment, which can help clear outstanding debts, such as your mortgage, and give your family money to live off, so your partner or children can continue to pay bills and living expenses.
How does life insurance work?
Life insurance pays out on the policyholder’s death, typically in the form of a lump sum. You’ll agree on the amount of cover you’d like to receive through your application. The pay-out remains a set amount whenever you die, if you’re taking out a level term or whole of life policy. But if you opt for a decreasing term policy, the amount would reduce over time.
How much life insurance do I need?
The right level of life insurance cover for you will depend on your personal circumstances. Typically, the more cover you take out, the higher your premium will be. However, if you underestimate how much money your dependants will need, then you could leave your loved ones short.
Serious illness cover
What is serious illness cover?
Serious illness cover is a type of life insurance policy that offers protection in the event of a serious illness or injury.
If you’re diagnosed with an illness that your policy covers, you’ll usually receive a tax-free, one-off payment. This will help to support the change to your life and ease the financial concerns that may come from it. It may be as simple as paying off your mortgage, covering any loss of earnings, or perhaps making necessary adjustments to your home. If you have dependants at home, the money from your policy will lighten the financial burden placed on your family.
Exactly what’s covered by serious illness insurance will depend on the specific details of the life insurance that you take out.
Serious illness cover
What is serious illness cover?
Serious illness cover is a type of life insurance policy that offers protection in the event of a serious illness or injury.
If you’re diagnosed with an illness that your policy covers, you’ll usually receive a tax-free, one-off payment. This will help to support the change to your life and ease the financial concerns that may come from it. It may be as simple as paying off your mortgage, covering any loss of earnings, or perhaps making necessary adjustments to your home. If you have dependants at home, the money from your policy will lighten the financial burden placed on your family.
Exactly what’s covered by serious illness insurance will depend on the specific details of the life insurance that you take out.
Income protection
What you need to know about income protection insurance
Worried about what might happen if you become ill? Income protection insurance could offer you and your family security. Income protection policies are eligible for marginal rate tax relief 20% or 40% discounted from your quote, e.g. if you’re a higher rate tax payer (40%) and your income protection policy is costing €100 per month, you will only pay €60 from your post tax income. This is a why income protection is such a popular option among those looking to protect against illness’s not specified as “critical”; however, prevent work. There’s a deferral period (optional lengths), then following the deferred period and accompanied with a Doctor’s note, you can replace up to 75% of your annual salary until recovery, retirement or death.
Do you need income protection insurance?
Sickness and injury are just a couple of the things that can suddenly impact your income. It’s not a nice thing to think about but it is important, especially if you have a family or additional financial commitments.
These circumstances can quickly burn through any savings you’ve managed to build, with everything from your mortgage/rent, utilities, food and travel to consider.
Income protection insurance gives you the security and peace of mind so that, should something happen, your monthly outgoings are covered.
Income protection
What you need to know about income protection insurance
Worried about what might happen if you become ill? Income protection insurance could offer you and your family security. Income protection policies are eligible for marginal rate tax relief 20% or 40% discounted from your quote, e.g. if you’re a higher rate tax payer (40%) and your income protection policy is costing €100 per month, you will only pay €60 from your post tax income. This is a why income protection is such a popular option among those looking to protect against illness’s not specified as “critical”; however, prevent work. There’s a deferral period (optional lengths), then following the deferred period and accompanied with a Doctor’s note, you can replace up to 75% of your annual salary until recovery, retirement or death.
Do you need income protection insurance?
Sickness and injury are just a couple of the things that can suddenly impact your income. It’s not a nice thing to think about but it is important, especially if you have a family or additional financial commitments.
These circumstances can quickly burn through any savings you’ve managed to build, with everything from your mortgage/rent, utilities, food and travel to consider.
Income protection insurance gives you the security and peace of mind so that, should something happen, your monthly outgoings are covered.
Our Services
Financial Planning
Whatever your goal, take control. Cathedral can help you secure the financial future you desire.
Whether it's saving for a mortgage, protection against the unknown, or investing in your future, our team of advisors are here to help.
Life, Critical Illness & Income Protection
Life insurance pays out on the policyholder’s death.
Critical illness cover & Income protection offers financial protection in the event of a serious illness or injury.
Pension Planning
Take control of your pension and ensure you're on track to achieving your retirement goals.
At Cathedral, our experienced team advisors will review the market to find the best pension plans for you.
Employer & Employee Benefits
Protection for business owners and key personnel, in the event of death, serious illness.
Retirement plans, death in service & income protection for employees.
Savings & Investments
Whether it's saving for a first home, second home, education or investing for your future, Cathedral are here to help advise on risk management, funds that meet your needs and investment strategies.
Inheritance Planning
Whether you're receiving an estate or leaving one, there's tax considerations to take into account.
At Cathedral, we advise on estate planning to ensure no ambiguity and best methods for either scenario.
Frequently Asked Questions
We’ve put together the following simple answers to questions frequently thought, but rarely asked, about professional financial advice.
Do I need a financial advisor?
If you’re facing a big decision on which a lot of money depends, advice can be invaluable.
Things like setting up a pension, buying a home or planning for retirement may be rare or even one-off events, so you will probably have very little experience on which to base these crucial choices.
And though you may seek guidance from friends and family, or online, neither of those can give you as much confidence as unbiased advice from an experienced professional.
How can a financial advisor help me?
A financial adviser will do much more than simply tell you where to put your money.
The whole point of advice is to make your money work for you and help you achieve your goals in life.
So a good adviser will look at your circumstances as a whole, from your current situation to your medium and long-term future, to help you decide upon the best action to take.
For example, if you want advice on how to access your pension, your adviser will first take time to discuss your plans for retirement, and so assess your changing income needs over time. Only then will they start to recommend strategies and products.
Last but not least, an independent or whole-of-market financial adviser can find the most suitable products for you from all that are available.
They will also ensure that the chosen product is the best possible fit for your particular circumstances.
Can I afford a financial advisor?
Cathedral Financial firmly believe that financial planning is everyone.
Our aim is to ensure that our knowledge is within reach and our charges remain open and comprehensible for every client we serve.
We maintain complete transparency about our remuneration structure, guiding each phase of the process steadily.
Our initial interaction with every client is a cost-free discussion, enabling us to evaluate the scope of our assistance and provide a comprehensive overview of potential expenses and fees related to our services.
When should I contact a financial advisor?
There are many occasions in life where advice can make a big difference – some more obvious than others.
Most people who contact an adviser do so when facing one or more of these decisions.
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- Starting a pension
- Saving for / buying a home
- Investing
- Marriage / starting a family
- Making a significant career change
- Starting or running a business
- Planning ahead for retirement
- Taking an income in retirement
- Planning life after retirement
Other reasons for seeking financial advice may include moving abroad, getting divorced, arranging for yourself or a relative to go into long-term care, or any situation in which you may need to take out a financial product, such as a mortgage, insurance, or a pension arrangement.
What qualifications do financial advisor have?
In Ireland, financial advisors are subject to effective regulation, providing assurance that the expertise you receive is dependable. When choosing your financial service providers, it's important to consider different levels of financial qualification.
The baseline requirement for an in-person financial advisor is the Qualified Financial Advisor (QFA) qualification. Additionally, financial advisors might have pursued additional training, like the Specialist Investment Advisor (SIA) qualification or the Certified Financial Planner (CFP) qualification.
Adherence to standards set by The Central Bank mandates that all financial advisors continually engage in professional development. This practice guarantees the relevance of their advice and the currency of their knowledge.
Services
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