EU Gender Directive. Just one month to go.

November 21, 2012

Tick tock, tick tock… 1 month to go!

As dramatic as the title may seem, there is just one month to go before the EU Gender Directive comes into effect.  This means that if you are male and looking for an income protection plan, you have just one month left to apply, go through the underwriting requirements and get your policy issued.  If your policy starts from 21st December 2012 onwards, you will pay up to 50% extra for no additional benefits.  If your policy starts before this date, you will remain on the current, lower, premiums for the duration of your policy.  If you are female and looking for a life assurance policy, then the same rules apply – you have just one month to get your policy up and running or face the prospect of paying up to 25% extra for the duration of your policy.

Setting up an income protection plan does not happen overnight.  There are some medical underwriting requirements that must be met with before your plan can start.  It is imperative that you leave enough time for these requirements to be met.

NOW IS THE TIME TO APPLY FOR YOUR PLAN.

If you wait any longer, there may not be enough time to get your plan started on time.  We strongly urge you to contact us with your details – brian@medprotect.ie – to organise the quotes and get your application in.  “I’ll look into this in the New Year” is not the approach to take as this will be too late.

Your income is what pays for absolutely everything.  Without it, you will have to survive on State disability benefit, which is €188 per week for an individual, and your savings, which may not be sufficient to keep you going for very long.

PHONE A PROFESSIONAL ADVISOR NOW ON 1890 254 000