Life Assurance |
Life Cover
Life Cash Cover/Life Options
Life Cover pays a lump sum to your family in the event of your death. They can use this lump sum to pay off the mortgage, and will give them an income when they most need it. The amount of life cover you take out depends on your individual circumstances; you certainly need enough to cover to:
- Pay off your mortgage
- Pay off other bills and loans
- Cover the income your family will need to live on
Money Options will help you decide on what figure suits your individual circumstances, buy carrying out a financial review with one of our Professional advisors. The amount you decide will stay the same for the term of your protection. This type of life cover is flexible and there are additional benefits to the plan you can avail of:
- Specified Illness Cover
- Accidental CASH Cover
- Inflation Protection
- Guaranteed Cover again
- Vital Care Cover
Term
You must be between 28 and 77(this is reduced to age 74 when choosing Life Options) to take out this cover and the maximum term is 40 years or up to age 80.
How Much does it Cost?
The amount you pay will depend on your sex, your age, your health, whether you smoke, how much protection you want and for how long. The min you can pay each month is €13.
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