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How life long insurance works
Whole-of-life insurance gives you protection for the entirety of your life.
Whole-of-life insurance gives you protection for the entirety of your life.
What is life long cover?
Life long insurance covers you for your entire life, instead of for a fixed period of up to 50 years. This means your dependents will receive a lump sum no matter how long you live.
How you're protected
Life insurance offers protection against the financial fallout of bereavement. The policy remains in place for life, guaranteeing a financial support for your family when it's most needed.
Start with a quote
Speak to an expert Irish Life Financial Services advisor about your life cover needs and financial situation to get the most suitable protection options for you.
Your dependents can use the lump sum to help pay inheritance tax bills, mortgage balances, funeral expenses, or other costs.
You can take out a whole-of-life policy from age 18 to 74.
The cost of cover will depend on many factors, including: your age, your health, your cover amount, and policy options chosen.
Your monthly premiums will remain the same unless you choose the inflation protection option. This will increase your cover in line with inflation, but your premiums will also increase.
You must continue to pay your premium each month in order to stay covered.
If you are not using your cover for inheritance tax, your children are automatically included on your plan (up to age 25) and covered for €7,000.
About life long insurance
Key features
| Duration | Up to 50 years | Lifetime | Fixed term or lifetime |
| Fixed regular payments (if indexation isn't selected) | |||
| Bill cover | |||
| Specified illness cover | |||
| Can be used to pay inheritance tax | |||
| Purpose | Helps cover needs over a set period | A plan tailored to your specific needs. | A plan tailored to your specific needs. |
Life long insurance: people also ask
Why choose Irish Life Assurance?
80 years of expertise
We have been looking after people in Ireland for decades.
Trusted by Ireland
We're proud to help over 1.2 million people.
Global strength
Part of the Great-West Lifeco group of companies.
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What happens in your appointment?
Get an evaluation of your finances
Get answers to your questions
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“Use 60 mins to invest in your life, it’s time well spent on your future.”
- Linda Moran
Financial Advisor Irish Life
Irish Life Financial Services Limited, trading as Irish Life, is regulated by the Central Bank of Ireland. Irish Life Financial Services is an insurance intermediary tied to Irish Life Assurance for life and pensions.