A Division of BARRY-JOHN RYAN FINANCIAL PLAIING
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All policies in one place
All policies in one place
BCL., MA., QFA., Grad.Dip.Fin.Plan. CFP®, SIA, Managing Director.
Financial Advisor, Qualified Financial Advisor, Certified Financial Planner ™, Specialist Investment Advisor
Barry-John set up BARRY-JOHN RYAN FINANCIAL PLANNING in July 2021. Barry-John has 20 years experience in Financial Planning having worked as a Financial Advisor with Bank Of Ireland Life, First Active and Brosnan Boylan Golden/O'Leary Life.
Barry-John holds a Law Degree from UCC and a Masters in Business from the University of Ulster. A Qualified Financial Advisor (QFA) since 2002, Barry-John was also one of the first advisors in Ireland to attain the globally recognised Certified Financial Planner ™ CFP® status.
Barry-John is well known in the community having attended St Pats Boys School & the Patrician Academy.
A keen sportsman, Barry-John has been an active playing and coaching member of Mallow GAA for years as well as playing for Mallow United AFC at both schoolboy and adult level.
Barry-John is a former Director of Mallow Chamber and Mallow Development Partnership (MDP) Retail Pillar. Barry-John has always involved himself in local charity work and fund rasing on behalf of local organisations such as The Anchor Treatment Centre (Ghostbusters 5k), MDP Christmas Fair at Mallow Castle and the North Cork Country Music Festival (Mallow GAA).
Barry-John comes from a well known local family and his father, Sean Ryan, was the Manager of the Mallow branch of Bank Of Ireland for years.
Living in his home town of Mallow, Barry-John enjoys following Mallow & Cork GAA, Munster Rugby and spending time with his dogs on the banks of the River Blackwater.
Gavin O’Sullivan BBus., Msc., APA., QFA .,RPA.,SIA.,FPRA
Approved Product Advisor (APA)
Qualified Financial Advisor (QFA)
Retirement Planning Advisor (RPA)
Specialist Investment Advisor (SIA)
Financial Planning Risk Advisor (FPRA)
A Mortgage Life Cover is an insurance policy that is designed to clear the outstanding balance on the life insured’s mortgage in the event of their death. For a family home it is normally a condition of the mortgage letter of offer that there is a mortgage life policy in place as security for the borrowings.
With premiums starting from as low as €10.10 per month inclusive of 1% levy and broker only discounts (up to 15% cheaper than your Bank) it’s an ideal time to shop around and price the market to ensure best in product, price and service.
As with Term Life Assurance, the cost is on an individual basis and is based on the following (and subject to medical and/or financial underwriting):
Extra Optional Benefits will also add to the cost:
You are under no obligation to take out your Mortgage Life Cover policy with your Bank (Mortgage Provider/Lender). You are free to shop around.
We would recommend talking to a broker like us who can give you a choice of providers in the market place (Unlike, the Banks who are normally tied agents of one particular life company. As a broker we can give you access to up to 5 leading providers in the Irish market.
This gives you the best in choice as we deliver on product, price and service. We can give you access to broker only discounts – thus, online pricing with a personalised advice and service.
Mortgage Life Cover is designed to cover the amount of your mortgage in the event of your death. The premiums on this type of life insurance policy remain the same over time, but the amount covered decreases each year in line with the decreasing value of your mortgage (so as your mortgage comes down the cover comes down in line with this).
For example, say you take out a €200,000 loan to purchase a home, and you take out mortgage life cover that covers that full amount. Each year, as you pay down the principal on your loan, the value of your home will decrease. At the end of 10 years, the value of your loan may be €100,000 and so will be the value of your mortgage life cover. If you died at this 10 year juncture the mortgage life cover policy will pay out €100,000 to clear the mortgage and the policy will cease.
If you sell your home or pay off your mortgage before the mortgage term is up, there are a few options for what happens to that mortgage life cover policy:
You can cancel it altogether and stop paying premiums. However, if you continued paying premiums after mortgage has been cleared the policy would still pay out the level of cover at the time of death to your Family / Estate. If no death (no claim) during the term then the level of cover will be zero at then end of the original mortgage term – thus, end of policy – end of story!
mypensionportal.ie is a division of BARRY-JOHN RYAN FINANCIAL PLANNING
19,West End, Mallow,
Co. Cork P51 KX77
Office: 02242466
Mob: 086 785 1511
Email: barryjohn@bjrfinancial.ie
Bells Cross Capital Limited trading as mypensionportal.ie is registered in the Republic of Ireland, registration number 656922 at 19, West End, Mallow, Co. Cork. Director: Barry-John Ryan.Bells Cross Capital Limited trading as mypensionportal.ie is regulated by the Central Bank of Ireland.