Life Protection | New Beginning
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Protection

New Beginning Financial Services Ltd specialise in life insurance/protection structures for clients who are considering entering a debt process or have had their mortgages restructured.
We assist our client by ensuring that their life insurance set up is correct should they have any change to their personal or debt situations
Areas that will require you to consider your life/illness protection set up include:

  • Split Mortgage
  • Term Extensions
  • Debt write downs
  • Arrears on mortgage

Clients should also consider reviewing your life/illness protection set up if you:

  • Got married/divorced
  • Stopped smoking or improved health.
  • Set up your life insurance directly with bank/insurance company
  • Paid off mortgage debt
  • Sold a property.

For more information on how we assist our clients in protecting themselves, their families and their businesses just fill in the contact us form to you right.

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    Employee Financial Wellness began as part of the New Beginning story.   New Beginning started life in 2010 as a

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    New Beginning Financial Services Ltd are positioned to offer clients an array of investments options to suit all appetites for

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    New Beginning Financial Services Limited specialise in retirement planning for clients who are considering bankruptcy or insolvency. We also specialise
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Worried about debt?

We can help you to plan and become debt free.

What should I consider when I have accepted a restructured mortgage?

Many clients have dealt with the banks directly in recent years to restructure their mortgage debt and have been offered split mortgages, term extensions and part capital and interest deals from their lenders. While this keeps the roof over client’s heads it often leads to 2 main financial planning issues.

  1. Life Insurance Shortfalls
  2. Future Residual Debt

While the clear and obvious benefit to accepting one of these deals is that there is now no immediate threat to your home, it is important to complete the process prudently. By this I mean plan for the future and address the likely shortfall in your life insurance and consider how you are going to pay off the balance of your mortgage. The mortgage has not been written down, just restructured. You still have to pay it, just in a different way now.

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What customers say about us

Featured Articles
When I came to New Beginning I was at my wits end. I had been trying to deal with the banks myself and was getting nowhere. I met with someone at New Beginning who took me through the whole situation and gave possible outcomes I didn’t know existed! They took over my case and had it sorted within a few months. I now have a mortgage I can afford and am on the road to recovery!
The care and professionalism I experienced at New Beginning was unparalleled. They really took the time and energy to understand my situation to find the best solution. Their genuine passion and commitment to helping people in tough times was comforting and allowed me to focus a bit more attention to my family.
I attended a seminar held by New Beginning in Dublin and it really helped me understand more about how to deal with my situation.  They taught me about different strategies I could use to negotiate against the funds and banks and also about the different insolvency rules.  I learned so much that day and the best part was the seminar was all completely free!
I was struggling to deal with the banks and with my other unsecure debt and I didn’t really know what was going on. I decided I needed someone on the outside to have a look at my situation, that’s when I found New Beginning. I received professional advice tailored to my situation. We discussed all the possible options available and they recommended the best solution for me, which was bankruptcy. It’s such a relief knowing this time next year I will be out of bankruptcy and debt free.
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