Life Insurance Calculator & Quote
Life Insurance Cost
- A 30 year non-smoker can purchase Life Insurance of €165,000 for 25 years for as little as €15 a month.
Life Insurance is an insurance product where you agree to make a monthly payment to the insurance company in return for a lump sum payment to your family should you die. In most cases, you pay a monthly amount over a set time-frame (20-30 years typically) and the life company agrees to pay your family an agreed amount should you die during this time-frame. This is known as term insurance.
They can use this lump sum to pay off bills or the mortgage, and it could give them an income when they need it most. You can choose to take out life insurance by itself, or as part of a broader life policy, providing other benefits such as specified illness cover.