By Mary Burke BA (HONS), QFA RPA
When life speeds up, it’s easy to overlook what could go wrong. Between new jobs, planning a wedding, buying a home, or welcoming children into the world – insurance often feels like something you’ll “get around to.”
But the truth is, this stage of life is exactly when the right protection matters most.
We’ve worked with young professionals and families across Ireland for years, and one thing’s clear – nobody regrets putting solid foundations in place.
What they do regret is waiting too long. That’s why a personal insurance strategy is is so important.
So, let’s look at what’s worth knowing right now – and how to make it work for you. Personal Insurance Strategies Ireland.
Starting Out Doesn’t Mean Starting Blind
You don’t need to know all the answers. You just need to ask the right questions. For example:
- What happens if I’m too sick to work?
- Would my partner or children be financially secure without me?
- Am I relying too much on savings or hope?
These aren’t dramatic questions – they’re practical ones. The type every adult should be asking as they take on more responsibility.
3 Common Hurdles That Delay Action
We often hear a few quiet hesitations that hold people back from making insurance decisions:
- “I don’t have anything worth protecting yet.”
Actually, your income is your most important asset. If it stopped, what would that mean for your rent, mortgage, savings, or family? - “It’s too expensive right now.”
Most starter policies are surprisingly affordable – especially when you consider the cost of doing nothing. - “I’m still figuring things out.”
That’s okay. Starting with the basics and building as you go is smart financial planning. You don’t need to have it all sorted to make a strong first move.
What Protection Looks Like in Your 20s, 30s, and 40s
We don’t use a cookie-cutter approach at O’Leary Financial Planning. Your age, income, family situation, and goals shape the advice we give.
But here’s how many of our clients begin:
Income Protection
If you’re off work due to illness or injury, this provides regular income to keep life going. It’s often overlooked – until it’s too late.
Life Cover
This helps your loved ones cover debts, mortgages, or childcare costs if you’re no longer here. Not just for parents – for partners, too.
Specified Illness Cover
Provides a tax-free lump sum if you’re diagnosed with a serious illness. It’s not about fear – it’s about choice and support if something unexpected happens.
Family Health Insurance
Keeping private healthcare costs manageable, especially as your family grows or if you’re moving off your parent’s policy.
Why You Might Actually Be Overpaying Right Now
Here’s the kicker: many people already have insurance – they’re just not using it well. It’s common to see old workplace plans, poorly structured policies, or outdated cover that no longer fits.
And then there’s duplication – two policies covering the same thing, costing double. We help identify what you have, what you don’t, and where your money can work harder.
What Young Families Secretly Want (But Don’t Say)
Let’s be honest – this isn’t really about policies or premiums. What most young couples and parents really want is:
- Peace of mind that their kids are looked after
- A plan they understand (not a 40-page document they’ll never read)
- Freedom to focus on the future, not the “what ifs”
- Advice that’s not salesy, just honest
- A clear picture of what they’ve already got and what they’re missing
We get it. That’s what we provide.
One Conversation Can Clear the Fog
You don’t need to “know more” before talking to someone. You just need to be willing to explore your options with someone who understands what you’re juggling – the finances, the uncertainty, the long to-do list.
We’ll help you find practical, cost-effective insurance that grows with your life.
And no – it doesn’t mean locking yourself into something you can’t change. It means taking a smart first step.
Lets make a Plan That Works
At O’Leary Financial Planning, we’re not here to scare you into cover. We’re here to help you feel in control of your future – whatever that looks like for you.
The best time to get your cover in order is before you need it.
And if you’ve already taken out cover years ago, now’s the perfect time to review it.
Personal Insurance Strategies Ireland
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For personalised advice on insurance risk protection or any other financial advice question, book a Quick Chat at O’Leary Financial Planning.
Alternatively, email us at advice@olearys.ie for more information.