How much is enough insurance?
The average death claim paid out by Irish Life was over €65,000 in 2010. That might sound like plenty, but if you died, how long would €65,000 last for your family?
Life Insurance provides a lump sum so that if you die your family will not have to struggle financially. The amount of insurance you need may vary as your circumstances change, and our financial advisers can provide you with expert advice on how to keep yourself and your family protected.
Would €65,000 replace my income if I died?
If you’re worried about whether you’ve got adequate protection for your current circumstances, our protection calculator can help.
There are a lot of things you need to factor in when deciding on how much life insurance you and your family require. In addition to deciding how many years the lump sum would need to last, you need to establish what costs you and your family have. These include;
- Household costs
- Medical Costs
- Transport costs
- Education costs
- Leisure
For full details of the claims paid out in your area, check out our claims statistics.
