How much life cover do I need?
You never know what’s around the corner or what life will throw at you next. That’s why planning ahead with protection is so important.
Life cover pays your family a lump sum if you die, giving them an income when they need it most. They can use this as they want, to pay bills, loans, or whatever matters most. Most importantly, life cover gives you peace of mind that your family will be secure financially when you are gone.
You’ll certainly need enough cover to:
> pay off your mortgage;
> pay off other loans and bills; and
> cover the income your family will need to live on.
If you don’t earn an income, but look after your children at home, you need enough cover to pay someone to do this.
You’ll find a handy life insurance calculator here: Zurich Life Cover Calculator
How much do I pay?
The amount you pay will depend on:
> your age;
> your health;
> whether you smoke;
> how much protection you want; and
> how long you want the cover for.
The minimum you can pay each month is €15. This includes the 1% government levy (October 2021).
You’ll be able to obtain instant life insurance quotes here: LABrokers Life Insurance Quotes
Who will the life cover protect?
You can protect:
> yourself (single cover), which means we could make the lump sum life cover payment if you die within the term of the plan Life Insurance Quote for Single Cover or
> yourself and your partner (dual cover), which means that we could make the payment twice, once if you die within the term of the plan and once if your partner also dies within the term of the plan Life Insurance Quote for dual cover.
If you take out Life Insurance policy, you decide how long you want to be insured for (between two and 50 years). However, the life insurance policy cannot continue after your 85th birthday. At the end of the period of cover you have chosen, you will no longer be protected. The policy will cover you for the term you choose. You must decide at the beginning what benefits and cover you will need after taking account of the level of payments you can afford to make.
Discounted Life Insurance Policy Quotes. Irish Company regulated by The Central Bank Of Ireland.