News

Does e-cigarette affect your life insurance premiums?

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Does e-cigarette affect your life insurance premiums?

If you have used e-cigarettes for 12 months, you can now get non smoker rates.
 
 
The answer is yes and no as it depends on the insurance company whether they declare you as smoker and charge you first class rate or not.
 
Here at Onelife Insure we have over 25 years of experience and we will help you in finding the most cost efficient quote and vaper friendly insurer
 
 
Did you know:
 
 
– There are still over 850,000 smokers in Ireland and 1 in 2 smokers continue to die from tobacco
related disease, losing an average of 10 years of life!
 
 
– If you are classed as a smoker in your current policy, you can save up to half of what you
currently pay for your life insurance by giving us a call
 
 
Are they safe?
 
Many people have a think of E-cigarettes as being the non-harmful replacement of regular cigarette which is somewhat true. E-cigarettes contains nicotine which is addictive.
To conclude, Yes vaping is safe certain limit as it doesn’t contain tobacco.
 
 

How can we help?
 
 
At OneLife Insure we have a team of highly experienced and trained staff who we believe are the top in the industry.
 
If you would like to save money on your premium then simply fill in the quick quote and get a call back or skip the queue and call us at (01) 539 0410

How Much Life Insurance do I Need?

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How much life insurance do I need?

 
 
This a question that we get asked many times a day in the One Life office.
 
 
Life Insurance is possibly the best financial tool to protect your family and loved ones from unforeseen circumstances.
 
 
Have you, however, ever wondered how much insurance – particularly life insurance — is actually good enough for you? For instance, you might have several insurance policies, but are you also adequately insured?
 
You need to know this, not only as an individual but as a consumer too – particularly in view of the fact that a majority of Irish are still either uninsured or under-insured.
 
 

So how much…
 
– money should he put aside now to receive the right benefit our children’s education?
 
– should we save now to receive the right benefit for our daughter’s marriage?
 
– do we want for our family to get as a benefit in case of our untimely demise?
 
 

Please use this easy to use calculator to get an approximate figure, then you can go to our quote generator to find the cheapest quotes based on your details.
 
 

Declined Mortgage Protection Cover?

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Denied Mortgage Protection?

 
 
What can I do now?
 
 
You have just gone through the process of applying for Mortgage Protection and then you find out that the insurance company you applied to will not be offering you any cover. It is a very worrying time especially if you need this cover to obtain a mortgage.

In this guide we try to answer some key questions, we advise on what you can do and you can learn about how we have teamed up with Pulse in the UK.
 
We will be able to offer people who have been refused cover, an opportunity to still have life insurance and mortgage protection.
 

1. Why have I been declined?
2. What can I do know?
 
 
Why have I been declined?
 

Mortgage Protection is generally declined when there is a factor that would cause the underwritten risk to be higher than a ‘standard application’. An application can be declined for a number of reasons, for example:

     

  • Pre-existing medical conditions
  • Hazardous occupations
  • Professional sports person
  • Extreme sports
  • High risk hobbies/pass times
     
    There are many different reasons why an application may be declined, which all come with different elements and levels of risk. The job of the insurance provider is to classify that level of risk and apply a rating or increase in premium that takes that in to account.
     
    What happens if I have been declined Mortgage Protection?
     

    If you have been declined Mortgage Protection – Don’t Panic
     
     
    Many people have been declined Mortgage Protection when applying through banks and or brokers simply because of a lack of understanding around their condition. One Life Insure are constantly dealing with people who have been declined cover elsewhere and we are often able to place them relatively easily through our many years of specialist underwriting knowledge and experience.
     
     
    Last month a client contacted me as he was a MS sufferer and he had been declined cover with an Insurance Company.
     
    I knew from previous experience that the company where he initially applied for cover were not lenient for his type of condition.
     
    We applied to a different insurer, who thankfully came to a different conclusion and he was offered cover with a loading of only 75% on his standard premium.
     
     
    From our experience , we know which insurance company is best for your health condition, I’ll speak with all 6 as a pre-sales enquiry to ascertain your chances of success.
     

    This means you will know, before you apply, whether or not you can get cover and a ideal of what the premium may be.
     

    What happens if I still can’t get cover?

 

 
You still have a options.
 
One Life can help.
 
 
If you’ve been turned down for cover by insurance companies in Ireland. But you don’t have to be ruled out of the insurance market. One Life have teamed up with Pulse in the UK, we will be able to offer people who have been refused cover, an opportunity to still have life insurance and mortgage protection.
 
 
It’s an opportunity for people to still be able to avail of insurance in Ireland where they have been previously turned down because of issues such as a hazardous job or medical history.
 
 
By their nature, these type of policies do command a higher premium (cover can be offered by splitting the risk between underwriters) but at least there is an option for people in Ireland not to be left out of the loop when it comes to the relevant insurance cover.
 
 
If you’re in that minority being refused cover because of any of the reasons outlined, then don’t hesitate to get in touch with us today.
 
Contact Tom on 01-5390410 or email tom@onelifeinsure.ie
 
Contact us via this contact form and we will respond as soon as we can.
 

https://onelifeinsure.ie/contact-us/

Declined Life Insurance?

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Declined Life Insurance?

 
 
What can I do now?
 
 
You have just gone through the process of applying for life insurance and then you find out that the insurance company you applied to will not be offering you any cover.

In this guide we try to answer some key questions, we advise on what you can do and you can learn about how we have teamed up with Pulse in the UK.
 
We will be able to offer people who have been refused cover, an opportunity to still have life insurance and mortgage protection.
 

1. Why have I been declined?
2. What can I do know?
 
 
Why have I been declined?
 

Life insurance is generally declined when there is a factor that would cause the underwritten risk to be higher than a ‘standard application’. An application can be declined for a number of reasons, for example:

     

  • Pre-existing medical conditions
  • Hazardous occupations
  •  Professional sports person
  • Extreme sports
  • High risk hobbies/pass times
     
    There are many different reasons why an application may be declined, which all come with different elements and levels of risk. The job of the insurance provider is to classify that level of risk and apply a rating or increase in premium that takes that in to account.
     
    What happens if I have been declined Life Insurance?
     

    If you have been declined Life Insurance – Don’t Panic
     
     
    Many people have been declined life insurance when applying through banks and or brokers simply because of a lack of understanding around their condition. One Life Insure are constantly dealing with people who have been declined cover elsewhere and we are often able to place them relatively easily through our many years of specialist underwriting knowledge and experience.
     
     
    Last month a client contacted me as he was a MS sufferer and he had been declined cover with an Insurance Company.
     
    I knew from previous experience that the company where he initially applied for cover were not lenient for his type of condition.
     
    We applied to a different insurer, who thankfully came to a different conclusion and he was offered cover with a loading of only 75% on his standard premium.
     
     
    From our experience , we know which insurance company is best for your health condition, I’ll speak with all 6 as a pre-sales enquiry to ascertain your chances of success.
     

    This means you will know, before you apply, whether or not you can get cover and a ideal of what the premium may be.
     

    What happens if I still can’t get cover?

 

 
You still have a options.
 
One Life can help.
 
 
If you’ve been turned down for cover by insurance companies in Ireland. But you don’t have to be ruled out of the insurance market. One Life have teamed up with Pulse in the UK, we will be able to offer people who have been refused cover, an opportunity to still have life insurance and mortgage protection.
 
 
It’s an opportunity for people to still be able to avail of insurance in Ireland where they have been previously turned down because of issues such as a hazardous job or medical history.
 
 
By their nature, these type of policies do command a higher premium (cover can be offered by splitting the risk between underwriters) but at least there is an option for people in Ireland not to be left out of the loop when it comes to the relevant insurance cover.
 
 
If you’re in that minority being refused cover because of any of the reasons outlined, then don’t hesitate to get in touch with us today.
 
 
Contact us via this contact form and we will respond as soon as we can.

Contact Us

Life Insurance After Having A Baby

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Life Insurance after having a baby

Life insurance may not have crossed your mind before there was a newborn relying on you. But life insurance after having a baby changes everything, and if you have a new born I’m sure you can relate to that already.

 

Getting Life Insurance is a simple way to make sure your family will be financially secure in case something happens to you.

 

If you have just had a baby and you don’t have any family protection plans in place, the probable reason you are reading this is that you are worried. You are worried that if something was to happen you or your partner how would your family cope financially.

 

Firstly let me congratulate you,  you have taken the first steps to sorting out this issue. Let’s face it, when we wake up in the morning,  life insurance is not the first thing we think about, there are nicer things to spend our money on, but there is probably not too many more important things to pay for. Congratulations because by reading this or doing a little research or by contacting a insurance broker for advice you are will on the way to getting the most appropriate cover and the cheapest plan to suit you and your family’s needs.

 

Let’s walk through what you need to know:

 

Life Insurance is one of these things you pay for and hope you never need. But it’s never more important than when a new baby comes along. So whether you’re protecting your family or your possessions, make sure you’re covered.

 

 

Why do you need Life Insurance?

To answer this question, you first need to ask yourself a really tough one.

How would your family cope financially if you or your partner were to die?

If you don’t know or if you know that your family would not be able to cope, then you definitely need to review your insurance and make sure you’re prepared for the unexpected.

 

How life insurance works

It’s pretty simple really, a life Insurance company will pay money, a death benefit, to a beneficiary — a spouse, for example — when the person insured under the policy dies.

 

Case study

“Paul saw One Life on Facebook and we both realised how important  Life Insurance was, especially now that we have Jade in our lives. It was frightening thinking  about what would happen if one of us died but there’s no way either of us would be able to cope financially on our own. When we spoke to you, we made list of all our living expenses, and worked out what we’d need as a lump sum. We worked out the most appropriate plan and the cheapest premium. It was only €28 a month for both of us. It seems the right and obvious thing to do.” Rachel H – Louth

 

Why both parents need life insurance

It’s not just the main breadwinner who needs life insurance. Stay-at-home parents should have coverage too, even if they don’t earn income. A stay-at-home parent provides valuable services, such as child care, that the surviving parent would have to pay to replace. A life insurance payout could also enable the surviving breadwinner to take a few years off work while the family regains footing.

 

How much life insurance to buy

Working out how much life insurance you think you need can be complicated, especially if you have not contacted a professional. Have a look at your  family’s financial needs and expenses especially if you weren’t there to support them. Here are four steps:

  • Decide how many years of income you’d like a life insurance policy to replace, and multiply your income by that number.

  • Add other financial obligations, such as debts and college costs for your children.

  • Include the cost of services you provide that would have to be replaced

  • Subtract savings and any other life insurance coverage you already have.

Here at One Life we will help you to calculate this, that is our job after all.

 

How much does Life Insurance cost?

 

Life Insurance can cost as little as €2.33 per week

The annual price depends on the type of policy, the amount of life cover and the length of the term. Other factors include:

Age: The younger you are the less you pay.

Health: The healthier you are the less you pay.

Smoker: Smokers pay more than non-smokers.

 

Here’s an example:

A couple both aged 32, both non-smokers taking out €300,000 each of Life Cover over a 20 year term would cost only €30.18 per couple pm.

 

Life insurance prices vary among companies. We are a broker and we can search all these companies for you. You can get an online quote http://www.onelifeinsure.ie, after you get a quote one of our Qualified Financial Advisors (QFAs) will contact you to discuss your application.

 

With Life Insurance, you’ll know your family will be on solid financial ground if you can’t be there. That might even help you sleep better at night — at least when the baby’s not up.

How to apply:

Step 1: Search for quotes on our website http://www.onelifeinsure.ie

Step 2: Quick and Easy Application Process: Completing your application couldn’t be easier, there are no forms for you to fill out. You can complete your application over the phone in about 5 minutes and sign it securely online in minutes.

Contact One Life Insurance

http://www.onelifeinsure.ie

t: 01- 5390410

e: tom@onelifeinsure.ie

 

Contact us via this form and we will respond as soon as we can

Contact Us

 

 

Life Insurance with Depression

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Life Insurance with Depression

 

Can you get Life Insurance if you have Depression?

 

Anxiety and depression related illness has become very common in Ireland over the last decade and even more so in times of challenging economics, high unemployment, as we have experienced since 2008. Not only is it quite common, but depression is present in several forms and levels of severity.
 

We all get depressed from time to time, due to life events or hormonal swings. How can you tell if your mood changes are normal or if you require treatment for depression?  Even though we all like to self-diagnose, only a physician can determine if someone suffers from clinical depression.
 

What is depression?

According to aware.ie they describe depression as ‘a mental health condition which affects a person’s thinking, energy, feelings and behaviour. It’s not just having a bad day. If you have symptoms of depression you may not want to talk about it. However, talking about how you feel to your GP or family is a positive first step in learning how to manage Depression’.
 
 

Of course, there are different types of depression ranging from mild depression, which has some impact on daily life, to Moderate depression which has a significant impact on daily life and severe depression makes the activities of daily life nearly impossible.
 
 

 

In this article I will answer a few questions that I hope will make things more clearer for you.
 
Can I apply for Life Insurance with a history of depression?
 
What do the Insurance Companies look for?
 
What is the likely outcome?
 
 

Can I apply for Life Insurance if I have depression?

Yes, of course you can. The good news about applying for term life insurance when you have a history of depression is — yes, you can qualify for coverage! Your outcome and resulting premium cost will depend greatly on a number of factors, including the type of depression, your treatment history, the level of control, follow up, your medical history and more. While you can control the outcome to some extent through good follow up and lifestyle habits, other uncontrollable factors will come into play when the life insurance company reviews your application
 

What do they look for?

Life insurance companies want to see that people with a history of depression
 
(1) have received or are receiving treatment, and
 
(2) have completed regular follow up visits per doctor’s orders. Also important is the presence of necessary lifestyle changes, such as exercise, weight control, no tobacco use, etc.
 
The life insurance company you apply with will be looking specifically at:
 

  • Your age at diagnosis
  • The amount of time since diagnosis
  • The duration and severity
  • The number of episodes per year and their severity
  • Medication used and compliance with medication
  • If you require frequent changes in medication (significant because the life insurance company must be sure the disorder is well controlled)
  • Any suicide attempts or thoughts of suicide
  • Any hospitalisations/emergency room visits for depression
  • Concurring disorders (such as anxiety or PTSD)
  • Current alcohol or substance abuse, or history of such
  • If you are disabled due to depression
  • Any other major health problems

 

 

What is the likely outcome?

We’ve helped hundreds of people apply for term life insurance and many of those people had a history of depression. Here are a few things we’ve learned:

Well controlled mild/moderate cases of depression will often be approved at a Standard rating class.

Very mild cases of depression, or those that were situational and have since recovered, may be approved at a standard rating class. However, loadings will get worse, and the premium will be higher, along with the severity of the depression.

The life insurance company will usually decline applicants if there have been suicide attempts or thoughts of suicide.

Very mild cases of depression, or those that were situational and have since recovered, may be approved at a Preferred rating class. However, this is case by case.

What to do now?

As always, please discuss your situation with your life insurance broker, and provide as much information as you can.

At One Life Insure, we are here to help direct you to the best life insurance company based on your individual circumstances.  We are specialist life insurance advisors who know where to apply to get the most appropriate  plan and the cheapest cover for you.

We at have plenty of experience in dealing with insurers and from years of advising people with depression we know which insurer will be most lenient to your condition.

If you would like some more information or advice on this matter, please gives us a call on 01-5390410  or email me on  tom@onelifeinsure.ie and I will be happy to help.

www.onelifeinsure.ie

 
Contact us via this contact form and we will respond as soon as we can.