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.
Comparing Life insurance
 

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.

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Irish Life Call: +353 (0)1 704 1010
Canada Life Call: 1850 203 203

Email: customerservice@irishlife.ie

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Irish Life Financial Services ltd. is regulated by the Central Bank of Ireland. Irish Life Assurance plc. is regulated by the Central Bank of Ireland.
Irish Life Financial Services ltd and Irish Life Assurance plc Registered Office - Lower Abbey Street, PO Box 129, Freepost, Dublin 1. Phone: 01 704 2000, E-mail: customerservice@irishlife.ie.
Irish Life Financial Services Registered Number 489221. Irish Life Assurance plc Registered Number 152576.
In the interest of customer service, we will record and monitor calls.