
Who’s got your back?
Getting the right financial protection can be a valuable safety net for you or your family.
Want to know what cover you may need?
Askpaul has helped over 3104 people protect their future
We’re passionate about protection, so much so that we’re offering our protection consultations for free to ensure that everyone has access to advice to get the right type and level of protection to suit their needs
Not having the right type & level of cover in place could be putting you &/or your family’s future at risk, should the worst happen.
Planning for your future is important, PROTECTING it is crucial.
We can help you get:
Life Assurance
Life can be unpredictable, and if you were to die during the term of the policy this cover will pay your family a lump sum in order to protect them from any financial hardships in your absence.
Mortgage Protection
This cover protects your home by paying off the mortgage to the lender if you were to die, protecting your family from any financial burden that may be caused.
Income Protection
An income protection policy provides you with a source of income if you were unable to work due to an accident or an illness giving you peace of mind knowing that you can continue to pay your mortgage, household bills and living expenses.
Whole of Life Protection
A Life Assurance plan that’s lasts for the policyholder’s life. If you die, the policy will pay out a lump sum to your family. You can also select the policy to be underwritten as a section 72 plan. This is a plan set up under trust for your beneficiaries. It’s designed to pay them sufficient funds on death to then pay off any inheritance tax that may arise then.
Pensions Term Protection
Provides life cover to those in non-pensionable employment. This includes self-employed people or people who are not members of an employer-sponsored pension scheme. Tax relief can be claimed back on the premiums at 20% or 40% and if the employer is paying they can claim back 12.5% corporation tax.
Shareholder Protection
A Life Assurance contract insuring the life of each director or shareholder of a company. The benefit is paid out on death and the remaining directors / shareholders can use the funds to buy back the shares of the decreased director.
Frequently Asked Questions?
How much cover do I need?
Remember you are trying to replace income of a household. So, this will vary on a case by case basis, but rule of thumb is a minimum of 4 – 5 times your salary.
What will effect my monthly premium?
Age, smoker status, whether you cover one or two people, current health status, amount of cover needed and for how long.
What is a conversion option?
This gives you the option to convert your plan before expiry into a new plan without needing to provide any further medical evidence. Very important to have it included.
What is the difference between serious illness cover and income protection?
If you become seriously ill and have serious illness cover in place, you are paid a one-off lump sum if you are diagnosed with an illness that meets the listed illnesses in your policy. Income protection on the other hand will ensure you are paid a guaranteed monthly income in the event that you are unable to work. Income protection will continue to be paid until you are fit to return to work or you reach the end of your policy term.
Do I take Mortgage Protection out with the lender?
No, you are allowed shop around for the most comprehensive cover and cheapest premiums. You might find some lenders are tied to one provider.
What’s the difference between mortgage protection and life assurance cover?
Mortgage Protection Insurance is specifically designed to pay off the balance outstanding on your mortgage. The balance on your mortgage and mortgage protection reduces over time. Whereas the cover amount on a life assurance policy stays level over the full term of the policy.
What happens if I change my occupation?
Your plan will continue if you change jobs, regardless of what you’ll be doing in your new job. Your plan will also continue if you’re made redundant. You won’t be able to claim while you’re looking for a new job, but you won’t have to reapply for cover when you’re employed again.
What happens if I move to another country?
The policy is valid worldwide. However, there are some countries where we will only pay benefit for up to 13 weeks while in residence there. Benefit already in payment will cease after 13 weeks of the insured commencing to reside outside the Territorial Limits of the policy. The term ‘Territorial Limits’ means the European Union, Western Europe (Andorra, Channel Islands, Gibraltar, Iceland, Isle of Man, Liechtenstein, Monaco, Norway, San Marino, Switzerland and the United Kingdom).
Get a personal consultation with the askpaul team to map out all the things you want to do and we’ll provide the direction to get you there
Our Advisors
Meet our team who can help get your protection in place

Paul Merriman QFA Grad Dip CFP®

Áine Cullen CFP® MSc GDip QFA

Conor Byrne QFA APA

Ian Britton QFA RPA

Darren Nolan QFA IATI CFP®

Andrew Murphy

Conor O’Hara QFA MIIPM

Adam Penrose BBS APA Life Assurance

Mark Roote

Conor L’Estrange QFA
Pax Asset Management Dac trading as AskPaul & Pax Financial is regulated by the Central Bank of Ireland. Registered No. 461783.