Life Insurance Ireland

Tariffs are likely to slow down growth around the world.

Tariffs are a tax on goods moving between countries and ultimately are paid by consumers through higher prices. Having just come through a period of high inflation we know extremely well how inflation and market disruption can impact living standards.

Life insurance is not in the direct line of fire of tariffs.

However, as economic activity slows down and inflation takes hold there are certain areas of concern related to Life Insurance.

• Consumers may delay buying life insurance, leaving families exposed in the event of loss.
• Inflation will erode the capital value on maturity of existing life policies.
• Poor economic growth will hit stock markets. Life companies invest heavily in stock markets and poor returns may lead to higher pricing of premiums.

Options to consider.

• Buy now in advance of potential price rises.
• Choose inflation proof policies to ensure that your cover will maintain the purchasing power as years go by.
• Review existing cover to ensure your policy is meeting your needs.
• Talk to a financial adviser to help you make the right decisions.