Many people do not realise the financial impact that an unexpected serious illness, injury or premature death can have on a family. The unfortunate reality is that Irish families are struck by these events every day and the financial impact can be significant and long lasting. Life insurance can help ease the financial burden on your dependants in the event of a death.

There are many different types of cover available: term assurance, whole of life, income on death. We will help you put the right type and level of cover in place for you and your family. If you are a company director or self-employed you may look at Pension Term Assurance. At Honan FS we research the market to ensure you get best value and most suitable product for you.

Income Protection

Your most important asset is your Income. Ask yourself if I cannot work who pays the bills? Income Protection is the most tax efficient way for you to guarantee yourself an income in the event of being unable to perform your own occupation due to long-term illness, injury, accident or disability.

Life Insurance

By planning in advance, you can protect yourself and your family against life’s uncertainties. We provide different types of life insurance and a range of financial protection solutions to suit everyone, and lots of information to help you make the right choice.

Pension Term Insurance

Pension Term Protection is life insurance that covers the period of time up until retirement. If you die during this term (i.e. before retirement), your family will receive a payment to ensure they do not suffer financial hardship. Tax relief is available at the marginal rate of tax on the premiums you pay, as the plan is structured as a pension product.

Mortgage Protection

For most of us, buying a home is a major financial commitment. It is vitally important that you have adequate cover in place to protect your home, if the unexpected happens. A mortgage protection plan will help clear off the outstanding balance on your mortgage if you die or become seriously ill – bringing you peace of mind that your family home is secure, no matter what happens.

Serious Illness Cover

Having financial support at a time of physical and emotional stress can ensure that you are able to take the time off work, pay for specialist treatment or even cover day-to-day household bills such as childcare. Serious illness cover can be purchased as an additional benefit to most life insurance policies. It pays out a tax-free, cash lump sum if you are diagnosed with a life-threatening illness such as cancer, heart attack or stroke.

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TESTIMONIALS

My initial meeting with Darach was as a Lecturer in LIT who will have less than 40 years- service at retirement.  After a completing a review, I had a clear understanding of how my pension worked and how best to optimize it going forward.

I have found Darach to be very friendly, knowledgeable, no way pushy and quite transparent in his recommendations. I would strongly urge you to have that initial consultation. My experience of Honan Financial Services has been a very positive one both personally and financially.

Tim Galvin , Lecturer, Limerick Institute of Technology

I was looking for alternatives to saving in the bank as there was little to no growth to be had in their savings accounts. Honan FS made it very easy to invest in a multi asset fund which meets my long-term goals. I’d recommend Honan FS to anyone looking for advice on any aspect of their financial planning.

Sean, Business Development Manager

When taking out our mortgage we were offered mortgage protection by the bank. After a review with Darach we found a policy which was more comprehensive and better value for money. We were also able to optimize our savings through a regular savers policy which has achieved far better returns than what was on offer with the bank.

Anthony O’Halloran, Director, Deloitte

At the start of 2021 we both decided to do a health check on our financial status. We both had occupational pensions schemes left from previous employers and we reached out to Darach for assistance and advice on transfer options. Darach was excellent in helping us map out our future financial needs , determining our outlook to risk , providing sound financial advice and discussing best performing options to suit us

Darach dealt on our behalf with the previous pension providers and their associated agencies and the whole process we felt was very professional and a seamless transaction to us. Because of interest rate returns on bank deposits /post office being virtually zero and essentially loosing money on deposit we also seeked advice on alternative investment products for the mid to long term.

We were looking for products that gave a good rate of return and that we could lock away for 10 years plus to help with education funding. Both requirements were met very professionally by Darach and his team. We are both very happy we reached out to Darach . The only regret was we didn’t do this a few years earlier but better late than never.”

Gerard & Niamh O’Grady, Private Clients
Darach has looked after my pension for a number of years and once he setup Honan Financial Services, it was an easy decision to move my pension / financial planning with him. Darach continuously demonstrates a thorough and rigorous approach to customer service and his clients individual’s needs. He is thoroughly professional, exceptionally friendly and the best in the west in my opinion. I would highly recommend him to all.
Shane Murphy, Private Client