Why Life Insurance?
Life insurance pays out a tax free cash lump sum to your loved ones in the event of your death.
Provides peace of mind. Your loved ones will be financially self-sufficient in the event of your death.
Include serious illness cover to provide a tax free cash lump sum should you suffer a serious illness such as heart attack, cancer or stroke.
Speak to our qualified advisers or get a quote online comparing Ireland’s leading life companies.
What does Life Insurance cover?
Should you pass away during the policy term it pays out a tax free lump sum to your loved ones so they can cover financial commitments such funeral expenses during this difficult time.
Life insurance policies will pay out immediately if you are diagnosed with a terminal illness. meaning you don’t have to wait for the money during this difficult time.
If you choose to take it out allows you to extend the policy term at any time during the term. If you took out an initial 10 year term for example before the policy ends you can extend the term without any further medical questions (Guaranteeing you cover again.)
If you choose to take it out protects your level of cover against the effects of inflation. Your level of cover and premium will increase by 3 or 4% per annum. You can stop in indexation and maintain a level benefit at any time.
How do I apply for cover?
We compare the cost and benefits of the leading Big 6 life companies in the Irish market. You choose which life company you want to apply with based on the price and benefits they offer. Apply for your cover online – It takes 4 or 5 minutes to complete and sign your application online.
We’ll give you an online discount of up to 20% for filling out the application online. You’ll see the standard price and the apply online price. Apply online, complete the applications and sign in minutes!
Do I need Life Insurance?
Taking out Life insurance is an important personal decision. If you have dependents and a family often the passing of a spouse or partner can significantly impact on the finances of the surviving spouse / partner.
Life insurance is a cost effective way of maintaining lifestyle and ensuring family members have financial stability during that difficult time. Often funeral costs are left to family members to pay if no Life insurance is in place. This can be a difficult cost to find at short notice.
Key Questions to ask yourself to see if you require life insurance are:
- How would my partner or spouse cope financially in the event of my death?
- Who and how would they pay for my funeral if I was to pass away?
- Do I have any loans or short term debt that would be left behind?
- If I passed away would I like to leave my children a lump sum?
- Am I the significant income earner in my home, if so how do my family survive financially if I die?
Your Key Options
1. Choose your level of cover
This could be calculated as a multiple of salary or the level of loan you have outstanding. Sometimes your budget dictates your level of cover so we can get you as much cover as we can for your specific budget.
2. Choose your Term of cover
This is often set to retirement age, average life expectancy or perhaps taking your youngest child to 21. A convertible option can extend the term of your initial policy if you decide you want cover for longer.
3. Level or decreasing, Joint or Dual cover?
Level life insurance has a fixed level of cover that remains level for the term. Decreasing cover is cover that reduces from the initial level as the term passes, normally used to cover a reducing loan such as a mortgage. Dual cover covers two people independently and can pay out twice ( Double cover). Joint cover covers two people but only for one pay out and is sometimes called (joint life first death only).