Better Insurance Schemes for CWU Members CWU Cover P e a c e o f M i n d f o r C W U M e m b e r s Arranged by Group Scheme Specialists: Halligan Insurances Incorporating McCarthy Insurances 1
For full details on all schemes www.halligan.ie 2
At Halligan Insurances we are committed to providing CWU members with the best insurance cover, at the lowest cost. For over 25 years we have been privileged to arrange Schemes for the CWU. When dealing with our experienced staff, you will always receive honest, clear advice, and as we offer salary deduction and direct debit on all of our CWU Schemes, we can make spreading the cost of cover smoother too. With many CWU Members already our clients for House, Motor, Personal Accident, Life and Specified Illness Insurance, there are lots of reasons to be insured through CWU Cover; and this booklet will outline them for you. 3
The wide choice of CWU Cover provides the peace of mind your family deserves, at a price that is easy on you. For full details on all schemes www.halligan.ie 42
Contents What is CWU Cover? CWU Home Cover CWU Car Cover CWU Family Personal Accident Cover CWU Group Life Cover CWU Group Specified Illness Cover Eircom / An Post AVC Savings Scheme Other Cover Available Page 4 5 6 7 8 9 10 12 53
What is CWU Cover? CWU Cover is a range of specialised schemes for CWU members, their spouses and their children (aged 1-21). Each scheme provides comprehensive insurance cover at a low cost, payable through salary deduction and direct debit. By availing of CWU Cover you are Insuring yourself, your family and your property against unforeseen risks in life, such as illness, accident or the financial burden of a house or motor claim. We ve tailored the benefits of each policy to suit the CWU membership, ensuring you have the right cover at the time when it matters most. For full details on all schemes www.halligan.ie 64
CWU Home Cover The most comprehensive cover for Buildings & Contents. Includes Accidental Damage & Miscellaneous Cover for Valuables and Money lost or stolen outside the home or abroad. Premiums from as little as 4.50 per week. Deduction Code: An Post - Halligan Vodafone/Eircom - Hse Main Scheme Benefits Premiums payable through Salary Deduction, Direct Debt or Credit Card. Fire, Explosion, Lightning, Earthquake, Subsidence. Storm/Flood, Burst Water Pipes, Escape of Oil (fixed domestic installation). Stealing (by forcible and violent means), Riot / Malicious Damage. Credit card cover up 5,000, Money lost or stolen up to 750. Christmas Contents Increased by an additional 5,000. Wedding Contents Increased by an additional 5,000. New For Old Accidental Damage Cover. Door Locks Replacement up to 750 following a break in. Property stolen in the open garden covered up to 600. Property Owners Liability up to 2,600,000 Domestic Employees Liability up to 2,600,000. Identity Theft Cover Disaster Mortgage/Cash Cover ATM Assault Cover Fatal Accident Benefit Fire Brigade Charges Extra Scheme Benefits Home Office Equipment Cover Freezer Food Cover Jury Service Cover Paying Guests Cover Trace & Access Cover 75
CWU Car Cover A great rate especially for CWU Members & their Spouses. Including Full Breakdown Assist. Extra Discounts for CWU Home Cover Policy Owners. Premiums from as little as 5.50 per week. Deduction Code: An Post - Halligan Moto Vodafone/Eircom - MtrHa NEW Premiums payable through Salary, Deduction, Direct Debt or Credit Card Full no Claims Bonus Protection. Driving of other cars covered. Foreign travel extension free of charge. Member & Spouse discount on motor policy. All windows covered without loss of no claim bonus (including sunroofs). Named drivers over age 25 with a full licence included free of charge. Full breakdown assist covered. Breakdown Assist Cover Emergency roadside assistance and home breakdown cover. Vehicle Towing Service If your vehicle cannot be repaired at the scene, the policy will pay for the cost of transporting your vehicle to a competent garage. Getting You to Your Destination If your vehicle cannot be repaired on the same day, the policy will pay the cost of car hire and/or accommodation. For full details on all schemes www.halligan.ie 86
CWU Family Personal Accident Cover Gives a range of cover against those unforeseen risks. Up to 100,000* Cover for Accidental Death, Loss of an Eye. 200 weekly out of work Benefit, Up to 600* weekly Hospital Benefit. Premium only 2.42 per week per Family. Deduction Code: An Post - Halligan Vodafone/Eircom - Hse All Benefits Paid Tax Free Cover is Worldwide, 24 hours a day, 365 days a year. Cover for Member & Spouse applies from age 18 to 65 next birthday. Children from age 1 to 18 or to age 23 if in full-time education. Summary of Benefits Member Spouse Child Death by Accidental Means 100,000* 70,000 5,000 Permanent Total Disablement 100,000* 70,000 35,000 (from any occupation) Loss Of One or Both Eyes 100,000* 70,000 35,000 Loss Of One Or More Limbs 100,000* 70,000 35,000 Burns Benefit (up-to 12,000* 6,000 3,000 Fracture To Leg (including ankle, 3,000* 1,500 750 femur, patella, fibia and fibula) Fracture To Arm (including wrist, 1,500* 750 375 humerus, radius and ulna) Temporary Total Disablement 200 p.w. 200 p.w. (payable after 26 weeks for up to 2 years once in fulltime gainful employment) Hospitalisation 600 p.w.* 300 p.w. 150 p.w. (payable after 24 hours, limited to 26 weeks) *Includes CWU Personal Accident In Benefit Members Cover 79
CWU Group Life Cover Simply the best value life cover available. Group Life Insurance scheme, giving cover of 100,000 per Member, Plus 100,000 per Spouse. Plus 10,000 per Child automatic cover. Member 3.89 per week (net cost @ 41% = 2.29) Spouse/Partner 3.03 per week Deduction Code (Member): An Post - AVC Life Vodafone/Eircom - Group VC Deduction Code (Spouse): An Post - Group Life Sp Vodafone/Eircom - NU Life Great reasons to join the CWU Life Cover Scheme... It can be deducted weekly and budgeted from Members salary Alternatively, it can also be paid monthly by direct debit Cost is the same for all who join and cover is available up to age 80 Free life cover is for all your children up to age 21 CWU members can join without answering any medical questions Once in the main scheme, optional extended life cover is 25,000 from 65 up to age 70; 15,000 up to age 75; 10,000 up to age 80. Children means the unmarried dependant children over 1 year and under 18 years of age or under 21 years of age if in full time education. You must be able to sign the in good health declaration on the application form. For full details on all schemes www.halligan.ie 10 8
CWU Group Specified Illness Cover With more illnesses being diagnosed, this is vital cover. Group Specified Illness scheme, giving cover of 50,000 per Member, Plus 50,000 per Spouse. Plus 20,000 per Child automatic cover. Member 3.94 per week* Spouse/Partner 3.94 per week* Deduction Code (Both): An Post - Group Life Sp Vodafone/Eircom - NU Life More and more people are being diagnosed with serious illnesses such as Cancer and Heart Disease. However, due to the improvements in medical treatments, the survival rates are increasing annually. This cover will provide a lump sum benefit to you, should you suffer a serious illness. 27 illnesses covered No medical questions when joining Saving of 50% against other policies *Scheme to be reviewed 1 st April 2011 11 9
Eircom / An Post AVC Savings Scheme The most tax efficient way to save for your retirement. What are AVC s? Additional Voluntary Contributions (AVC s) are tax-efficient, extra savings you make to maximise your pension options at retirement. AVC s can be deducted through your payroll and/or made as lump sum investments. You cannot withdraw money from an AVC fund until you retire, but you can decide to increase, decrease or cease your contributions at any time. For most Eircom & An Post employees, the benefits of the main pension plan are lower than the maximum benefits permitted by the Revenue Commissioners. Therefore, you have scope to pay AVC s and increase your retirement benefits, without breaching the Revenue maximum benefits rule. For example, some items are not included in the pension from the main plan - e.g. overtime, bonuses, benefit in kind and a full widow s pension. AVC s fill this shortfall, and you can access the AVC fund at retirement. Why make AVC s? Tax relief on regular contributions. Tax rebate on lump sum contributions. Tax Free compound investment growth. Maximise your retirement tax free lump sum and increase your fortnightly pension. For full details on all schemes www.halligan.ie 12 10
Tax advantages of making AVC s Making AVC s is an extremely tax-efficient method of saving. The Government provides workers with generous tax relief at their highest tax rate as a way to encourage pension saving. In other words, if your income levels brings you into the higher income tax bracket, then you will receive tax relief at that rate. Limits on pension saving It would be great if you could save unlimited amounts into your pension fund and still receive tax relief, but because the tax breaks are so good, the Government have established limits which apply to your total contributions. The tables below display the percentage of your income that you can receive tax relief on when contributing to a retirement fund and the net cost of saving 50 through an AVC. Age % of Earnings* 18 30 15% 30 39 20% 40 49 25% 50 54 30% 55 59 35% 60 65 40% *Including existing contributions to the main superannuation scheme. Tax relief for every 50 saved Tax Rate 20% 41% Gross Cost 50.00 50.00 Tax relief 10.00 20.50 Net Cost 40.00 29.50 Call our office today to discuss the best options available. Note: All benefits are subject to maximum Revenue limits. Warning: The value of your investment may go down as well as up. Past performance is not be a reliable guide to future performance. 13 11
Other Cover Available Mortgage Protection Cover When dealing directly with a mortgage lender, you will invariably be offered its own product, limiting your choices and options. However, we have the ability to search the market to find the most competitive and suitable policy for you, saving up to 40% on your premiums. Protected Investment Bonds & Deposits The last few years have been very difficult for investment markets. As a result, we have brought together secure investment products and deposits especially for CWU Members that offer growth and protect against future market volatility. Wedding Insurance Cover A wedding day is likely to be one of the most important and special of days. This occasion is usually a very expensive one and with this in mind, we can make sure that this special day is fully protected. Pet Insurance Cover - Coming Soon Our pet insurance plans are extensive, covering dogs and cats against a wide range of circumstances. With our pet insurance policy you can be sure that your pet will receive the best of insured care whenever the need occurs. For full details on all schemes www.halligan.ie 12 14
www.halligan.ie www.cwu.ie Halligan Life & Pensions Ltd t/a Halligan Insurances Incorporating McCarthy Insurances is regulated by the Central Bank of Ireland. Registered number 120399 IBA Member The information contained in this booklet is for promotion purposes. Terms and Conditions apply. All information contained in this booklet is correct at time of going to print, February 2011. For full details please go to www.halligan.ie or call 01-8797100. 15
If you would like to know more... 01 8797 100 info@halligan.ie www.halligan.ie Halligan Insurances Unity Building, 16/17 Lwr O Connell Street, Dublin 1 16