Family Protection Planner

Lump sum on death is paid as a lump sum to your family if you die. The level of cover decreases over time in line with the income you need.

The amount is calculated by taking your net income, minus state benefits and any mortgage payments covered by mortgage protection multiplied by the term. State widows benefit of €0 plus an additional €0 for each child per month is assumed. The level of state benefit is dependent on the number of PRSI contributions - we assume 48 or more in this instance.
Term is calculated on your youngest child reaching age 25 or the remaining term of your mortgage.

Protect your income on illness will cover your essential bills (eg. mortgage or rent) if you're unable to work because of illness or injury.

The amount is calculated using your monthly mortgage or rent amount, plus €300 for essential bills. A deferral period option of 826 weeks is assumed; however other deferral period options are available. The amount is capped at €2,000 per person or 40% of monthly net income, whichever is lower. Term is based on your youngest child reaching age 25 or the remaining term of your mortgage. The amount of cover is split between you and your partner based on net monthly salary.