Life Assurance will pay a tax free lump sum to your dependants if you die during the term of the policy.
As well as providing financial security for your loved ones, life cover can also provide you with peace of mind.
Life cover is usually taken out for one of the following purposes:
- To secure a loan (such as a mortgage)
- To provide security for family and dependents
- For business purposes
- To cover inheritance tax
How much does it cost?
Some examples of life assurance costs for €250,000 Cover for 20 Years*
| Age 35 | €18.73 Per Month |
| Age 40 | €25.37 Per Month |
| Age 45 | €37.86 Per Month |
| Age 50 | €59.67 Per Month |
SERIOUS ILLNESS COVER
In addition to life cover many people also see the value of adding cover which provides for a lump sum payment in the event that they contract any one from a list of serious illnesses.
The illnesses that are covered will be detailed in the policy document of the insurer providing the cover. It’s very important before taking out this type of cover to unsure that the policy that you put in place carries the most comprehensive range of covered illnesses possible.
That’s where we come in, researching the market to ensure that you get not just the best prices but also the best policy to suit your needs.
