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Protection

At MyWealthManagement we understand the profound financial repercussions an unexpected serious illness, injury, or a premature death can have on a household or business. Every day, Irish families face these unforeseen challenges, and the impact can be both substantial and enduring.

In the realm of financial planning, protection always takes center stage. It is the linchpin that ensures, in practical terms, that your family is equipped with sufficient resources to sustain their lifestyle should the worst occur.

A well-structured protection plan not only shields your loved ones and valued possessions but also serves as a cornerstone for your peace of mind. Knowing that you have taken proactive steps to fortify your financial defences underscores the importance of protecting what truly matters.

While protection products are key to providing financial security, a truly comprehensive protection plan goes beyond this; it encompasses the proactive measure of establishing a robust emergency fund. Holding an emergency fund equivalent to at least 3-6 months of expenses is an integral part of this strategy. This fund acts as a financial buffer, providing added reassurance that you are well-prepared to weather unforeseen circumstances. Our financial planners will work with you to identify what is the most suitable level of cover and how much of an emergency fund you require.

Take the necessary steps today to fortify your financial well-being and secure the peace of mind you deserve by completing our financial review form.

 

Choose MyWealthManagement for all your financial advisory needs

Did You Know…

31%

of life cover claims in 2021 were from policies less than 10 years old – New Ireland

€97,000

was the average payout on life cover claims in 2022 – Zurich

33%

of life cover claims in 2022 were for people aged 60 or less – Zurich

Mortgage Protection

We walk you through the benefits and best options for Mortgage Protection and work closely in your interests with our colleagues in our sister company MyMortgages.ie. If you are taking out a mortgage you are required to have Mortgage Life Insurance protection in place. In the case of an untimely death this protection will pay off any remaining mortgage repayments on your home ensuring that it is kept secure for your family during the difficult times and into the future.

To apply for Mortgage Protection, please click here.

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Income Protection

Income Protection is not just another financial product; it’s a shield for your livelihood. In the event of an extended inability to work due to injury or illness, this vital coverage offers more than just financial security; it provides the means to cover your regular bills and living expenses, ensuring your financial stability.

Did you know that income protection also comes with extremely generous tax relief? The Irish government can offer up to a 40% reduction on the premium of an income protection policy as an incentive to protect your income.

We like to consider income protection as your peace of mind policy. By alleviating financial worries, Income Protection allows you to concentrate on what truly matters – your recuperation and recovery. After all, your income is the engine that drives your lifestyle, and ensuring its continuity is paramount. Let us help you fortify your financial well-being and secure the foundation of your future.

 
While you insure your car, house, and phone, have you considered the cornerstone that funds it all? Your income!  – arguably your most substantial asset. If you would like to hear more about how to safeguard your income, complete the Personal Financial review form here.
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Family Protection

We assess and provide recommendations to protect you and your loved ones when unforeseen and difficult circumstances arise. In the event that you are not in a position to provide for your family, a life insurance plan can help to secure their comfort and security into the future.

There is a wide range of protection cover options to choose from, including:

– Serious Illness Cover
– Term Protection
– Whole Life Cover
– Pension Term Protection

To apply for Family Protection, please click here.

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Business Protection

In the ever-evolving business landscape, owners grapple with dynamic challenges. The departure or unfortunate absence of a key team member due to death or illness can have profound consequences, affecting critical business operations. During such pivotal moments, safeguarding the business becomes imperative. MyWealthManagement offers a suite of products specifically tailored to shield businesses from the financial implications of losing a key employee. From coverage against unforeseen illness to plans addressing the aftermath of a tragic loss, our comprehensive solutions ensure that the business remains resilient in the face of adversity. By proactively securing your business against potential disruptions, you not only protect its vitality but also fortify its ability to thrive amidst the uncertainties of the business landscape. We advise on a range of protection options for business owners and key employees:

– Key Person
– Co-Director
– Corporate Co-Director
– Partnership

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Make Sure You’re Covered with Family Life Cover

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Pensions

Savings & Investments

Financial Review

What Our Clients Say

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With little to no knowledge of the options available for managing or maximising the potential of my old company pension schemes, Wealth Manager Stephen O’Driscoll walked me through my options, provided a generous amount of reading material to gain a better understanding, and discussed the pros and cons in detail. With his help we were able to identify suitable funds for my risk appetite, and for my long term financial planning objectives. By transferring my old schemes to a Personal Retirement Bond I now can avail of earlier access to my pension from age 50 instead of 65. Stephen also helped me in setting up a regular monthly savings plan to assist with my long term goals, and help my funds keep pace with inflation. I would be delighted to refer any friend or colleague to MyWealthManagement, or to anyone looking for financial planning advice or Wealth Management advice.
Eimear O'Neill
Revenue Deals - Google
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We met Stephen O’Driscoll in MyWealthManagement to set up a pension scheme for our management team ahead of auto-enrolment coming into force and we had a great experience. No jargon, simple English and he explained our options very well. I would recommend any business owners who are unsure of their options to get in touch if you want honest, straightforward advice.

Team Serve Limited
Event Management Cork
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I met Stephen O’Driscoll to complete a financial planning consultation in 2023. I had several different pension arrangements with a few different providers. Stephen walked me through the options for my old pensions and helped draw down my tax free lump sum as soon as I passed my 60th birthday. He helped reduce my annual management charges and get access to funds with a suitable risk level for me and my goals. I was happy with the service and would recommend Stephen and MyWealthManagement to anyone approaching retirement to do an independent review of their pensions.

Kevin O'Neill
Accounting and Tax Advisor
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Myself and my husband met Stephen O’Driscoll in 2023 to do a full financial planning consultation. After doing a full financial review Stephen was able to advise us on the best options for some property we owned and identified that my old occupational pension scheme charges and performance were not where they should be. Stephen highlighted the different options for my existing scheme, he helped me to find a new more suitable provider at great charges and told me that in this new arrangement I can access my pension money from age 50 if I wanted to. Stephen also set us up with a regular monthly savings plan to fund for the future in an account that will help my funds work harder for me and hopefully earn a great return over time. I would happily recommend Stephen and the team in the South Mall to anyone looking to review their finances.

Niamh Sammon
Operations Manager - Urban Green Private
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I met Stephen in the MyWealthManagement office on the South Mall in Cork in July 2023 to review my old pension schemes. He did a full review of fund choice, performance and scheme charges. By doing a review of all the providers on the market Stephen was able to find me an option which had better performance over time and significantly lower charges than my previous supplier. Stephen was also able to assist me with the setup of a regular monthly savings plan to save for the future and for children’s future education costs. I would be happy to recommend MyWealthManagement to a friend or colleague who wants financial planning or Wealth Management advice.

Pat Fitzpatrick
Author and Comedian
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Having left my old employment in 2023 I was unsure of what my options for my occupational pension scheme were and was concerned about leaving it in the hands of my previous employer. Stephen O’Driscoll, one of the Wealth Managers, was able to explain to me the different options in a simple way and was able to place my funds in a scheme where I could take a large lump sum tax free from the age of 50. He also set up a regular monthly savings plan for me that will help me earn a return over time better than what I could get in the banks in order to protect my funds from inflation. I have recommended Stephen and MyWealthManagement to a few friends and family members as its well worth doing

Karen Lehane
R&D Technician - Pepsi
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Stephen O’Driscoll guided me through the options for my old occupational pension scheme, helped me to identify suitable funds for my risk profile and investment objectives and also enabled me to avail of access to my pension pot from as early as age 50! In addition Stephen assisted me with the setup of a regular monthly savings plan that helps add structure to my finances and helps my funds keep pace with inflation by targeting a modest return over time. I would be happy to recommend Stephen and MyWealthManagement to anyone looking for professional and trustworthy financial planning advice.

Ben Leacock
Leading Mid-Market - Deel
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A sincere thank you to Sinead, Siobhan and Joey. You have all made this process so easy for us. Thanks to you and the team, we will be moving in to our new home a lot sooner than we ever thought. You all took all the stress out of the process, keeping us informed every step of the way. It was evident from the very beginning that the team at MyLifeCover.ie was working with our best interests in mind, and delivered exceptional service from start to finish. I honestly do not think we would be at this stage without the help you have all given us along the way. It’s greatly appreciated

Alison Walsh
Wedding Planner
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Unhappy with the premium I was paying on my life policies, I had read about people switching their policies to a new provider and making significant savings, so I made enquiries at MyLifeCover.ie and was so impressed with the team who answered all my questions. I now have a much lower premium rate and the whole process was so organised and efficient. The team are highly skilled at determining the client’s position and makes the appropriate recommendations.

Ernest Cantillon
Entrepreneur
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Joey and the team were very helpful throughout the process for our life policy.   We felt very comfortable with the decisions made and knew from the first conversation that we were in safe hand this time round. We have recommended MyLifeCover.ie to numerous colleagues & friends.

Dr Billy Waters
Dental Implant & Restorative Dentistry