As we approach the dawn of a new year, it's often a prime time to evaluate and update your financial and insurance strategies to ensure a secure and stable future for you and your loved ones. The ever-changing economic landscape, not only in Ireland but across the globe, and unforeseen events and challenges that came to light throughout 2023, highlight the need for comprehensive planning. It is often difficult to know where to start when assessing your position and options. While Google acts as a fantastic resource of information, understanding, processing and utilising the information often needs a qualified expert.  Let's explore some essential insurance and financial considerations for 2024, and discuss how our team at Dolmen Insurance can be your trusted partner in safeguarding your financial well-being.

Review and Update Existing Policies:

Start the new year by revisiting your current insurance policies. Assess whether they align with your current lifestyle, financial goals, and any changes in your family structure or assets. Your lifestyle evolves, and so should your coverage! That new car, home renovations, or even a furry friend— these changes may not be covered unless you update your policies. Job changes often come with new benefits or coverage needs. Make sure your policies align with your current career chapter.

Dolmen Insurance offers personalised policy reviews to ensure that your coverage is up-to-date and meets your evolving needs. Dolmen will shop the entire market for you, not only to ensure you get the best price, but that you recieve adequte cover and protection. Ireland is currently faced with the majority of homes being underinsured.  It only takes a fire or leak for people to really feel the impact of an underinsured asset.

Emerging Risks and Cybersecurity:

With the increasing reliance on technology, the risk of cyber threats is higher than ever. Evaluate your cybersecurity measures and consider cyber insurance to protect your personal and financial data. How many stores and websites have you purchased from in the past 6 weeks alone.  Protecting yourself online has become as common as protecting your home, car, health or life.

Talk to our experts at Dolmen Insurance. We provide comprehensive cyber insurance solutions tailored to individual and business needs.

Health and Wellness Coverage:

The ongoing global health situation has underscored the importance of robust health insurance. It's important to review your health coverage to ensure it provides adequate protection for unexpected medical expenses. 

Retirement Planning:

Planning for your golden years? Your retirement accounts and insurance should dance in harmony.  It's a financial ballet (or Irish dance) worth reviewing. Evaluate your retirement savings and investment plans. Assess whether you are on track to meet your retirement goals and make adjustments if necessary. The question you should ask yourself is, "What is the life I want in retirement" and work towards that. 

Dolmen Insurance offers world class retirement planning services, Áine Derham, and her team of qualified pensions and investment advisors are on hand to help you secure a comfortable and financially sound retirement.

Estate Planning:

Ensure that your estate plan is comprehensive and reflects your current wishes. Review beneficiaries, wills, and trusts to minimise potential legal and financial complications and costs.

Dolmen Insurance provides estate planning guidance to help you navigate complex legal and financial aspects, ensuring a smooth transfer of assets to your heirs.

Education and Future Planning:

If you have children, review and update education savings plans. Ensure that your financial strategy aligns with your children's educational aspirations.

At Dolmen Insurance, our investment team can help advise you on the options available to you to invest wisely in your children's future.

With 2024 just around the corner, taking proactive steps to secure your financial future is paramount. At Dolmen Insurance, we stand ready to assist you in navigating the complexities of insurance and financial planning. By partnering with Dolmen, you can enjoy peace of mind, knowing that your assets, health, and future are protected. Make the most of the new year by fortifying your financial fortress with Dolmen Insurance.