Compare Life Insurance
Confused about the different Life Insurance policies we offer? Here is a simple guide to our three main policies and what they cover.
* Product flexibility may allow for changes to the term of your policy, subject to certain conditions, during the term of your plan.
** Provided the plan has not been assigned or placed in trust for the benefit of an organization or an individual.
*** May not be suitable for interest only mortgages.
**** A government levy of 1% applies to all life assurance premiums
| |
Term Life Insurance |
Mortgage Protection |
Whole of Life Cover |
|---|---|---|---|
| Can you choose the amount of life insurance you take? | Yes, subject to the maximum limits applicable to the plan | Yes, subject to the maximum limits applicable to the plan | Yes, subject to the maximum limits applicable to the plan |
| Is the insurance for a fixed term? | Yes* | Yes* | No, this policy provides whole of life insurance |
| Is it designed to provide a lump sum for my family? | Yes** | Yes** | Yes** |
| Is Specified illness cover an option? | Yes | Yes | No |
| Does the amount of cover stay the same during the plan? | Yes, unless you choose indexation, in which case cover will increase in line with inflation each year* | No, cover decreases over time* | Yes, unless you choose indexation, in which case cover will increase in line with inflation each year* |
| Does this plan have a cash in value? | No, this plan does not have a cash in value at any time. | No, this plan does not have a cash in value at any time. | No, this plan does not have a cash in value at any time. |
| Is there a terminal illness benefit? | Yes, there is a limited terminal illness benefit | Yes, there is a limited terminal illness benefit | Yes, there is a limited terminal illness benefit |
| Can you get joint/dual life insurance? | It is single or dual life. | It is single or joint life | It is single, dual or joint life |
| Is this suitable to help cover my mortgage? | Interest only mortgage | Repayment of mortgage or other term loan*** | This is not the most cost-effective way of covering your mortgage |
| Is this suitable for inheritance tax planning? | No | No | Yes, this is suitable for section 72 Inheritance Tax planning. |
| How much does cover cost? | Premiums start from €15 per month**** | Premiums start from €13 per month**** | Premiums start from €15 per month**** |
* Product flexibility may allow for changes to the term of your policy, subject to certain conditions, during the term of your plan.
** Provided the plan has not been assigned or placed in trust for the benefit of an organization or an individual.
*** May not be suitable for interest only mortgages.
**** A government levy of 1% applies to all life assurance premiums
Want more detailed information?
If you feel you have some more questions about life insurance a chat with one of our qualified advisors can help. You can call us on 1890 92 87 10, or we'll call you.
