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Life Insurance Cost Survey Figures correct as at February 2014

Life Insurance Cost Survey Figures correct as at February 2014. What is life insurance?. Life insurance policies pay a lump sum to a person you name (for example, your spouse or dependants) if you die during the term of the policy. See more information on insurance here .

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Life Insurance Cost Survey Figures correct as at February 2014

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  1. Life Insurance Cost Survey Figures correct as at February 2014

  2. What is life insurance? • Life insurance policies pay a lump sum to a person you name (for example, your spouse or dependants) if you die during the term of the policy. • See more information on insurance here. About this survey: • This survey displays quotes and benefits on four similar consumer profiles for three types of life insurance – term life insurance, mortgage protection insurance and whole of life insurance from six of the main insurance providers in Ireland. • The information in the survey is correct as at 3rd February 2014. • Individual brokers are not included in our cost comparisons. However, competitive quotes can be obtained online, from brokers, and directly from firms, so make sure to shop around. • Remember, the cheapest quote may not always represent the most suitable product for your individual circumstances. • If you need an explanation of financial terms, such as the benefits attaching to the policy in plain English, make sure to check out our Jargon Buster. Survey correct as at February 2014

  3. Which product are you interested in? • Term life insurance This is an insurance policy that pays out a fixed benefit if you die within a certain number of years (the term of the policy). • Mortgage protection insurance This is a form of life insurance product, which lenders must make sure you have in place when you take out a mortgage on your family home and if you are under 50 years of age. Your mortgage protection policy pays off the outstanding amount due on your mortgage if you die. • Whole of life insurance This type of life insurance policy covers you for your whole life. It pays out a benefit when you die, whenever that happens, as long as the policy is still in force. The benefit is not usually fixed and can vary over the life of the policy depending on the performance of the investment fund used by the policy. Also, your premiums are not fixed and may increase from time to time, for example every 10 years or so. Survey correct as at February 2014

  4. Term life insurance details Profile Summaries – Are you here? Survey correct as at February 2014

  5. Term life insurance - Profile 1 quotes Monthly cost of 350,000 over 35 years for someone aged 23 • Policies are listed as individual rather than male or female as insurance companies can no longer price your life insurance based on your gender from 21st December 2012. • Joint life policies pay out the sum assured if one person dies within the term of the policy. The policy then ends. Please note that each joint quote in the table assumes that both people are the same age. • Dual life policies provide cover for two people and continue in force after the first person dies. It pays out a benefit on each death provided the policy is in force. Please note that each dual quote in the table assumes that both people are the same age. Back to term life insurance profiles Forward to profile 1 benefits Survey correct as at February 2014

  6. Term life insurance - Profile 1 benefits A summary of the benefits available as standard Back to term life insurance profiles Survey correct as at February 2014

  7. Term life insurance - Profile 2 quotes Monthly cost of 250,000 over 25 years for someone aged 33 • Policies are listed as individual rather than male or female as insurance companies can no longer price your life insurance based on your gender from 21st December 2012. • Joint life policies pay out the sum assured if one person dies within the term of the policy. The policy then ends. Please note that each joint quote in the table assumes that both people are the same age. • Dual life policies provide cover for two people and continue in force after the first person dies. It pays out a benefit on each death provided the policy is in force. Please note that each dual quote in the table assumes that both people are the same age. Back to term life insurance profiles Forward to profile 2 benefits Survey correct as at February 2014

  8. Term life insurance - Profile 2 benefits A summary of the benefits available as standard Back to term life insurance profiles Survey correct as at February 2014

  9. Term life insurance - Profile 3 quotes Monthly cost of 190,000 over 15 years for someone aged 45 • Policies are listed as individual rather than male or female as insurance companies can no longer price your life insurance based on your gender from 21st December 2012. • Joint life policies pay out the sum assured if one person dies within the term of the policy. The policy then ends. Please note that each joint quote in the table assumes that both people are the same age. • Dual life policies provide cover for two people and continue in force after the first person dies. It pays out a benefit on each death provided the policy is in force. Please note that each dual quote in the table assumes that both people are the same age. Back to term life insurance profiles Forward to profile 3 benefits Survey correct as at February 2014

  10. Term life insurance - Profile 3 benefits A summary of the benefits available as standard Back to term life insurance profiles Survey correct as at February 2014

  11. Term life insurance - Profile 4 quotes Monthly cost of 120,000 over 10 years for someone aged 50 • Policies are listed as individual rather than male or female as insurance companies can no longer price your life insurance based on your gender from 21st December 2012. • Joint life policies pay out the sum assured if one person dies within the term of the policy. The policy then ends. Please note that each joint quote in the table assumes that both people are the same age. • Dual life policies provide cover for two people and continue in force after the first person dies. It pays out a benefit on each death provided the policy is in force. Please note that each dual quote in the table assumes that both people are the same age. Back to term life insurance profiles Forward to profile 4 benefits Survey correct as at February 2014

  12. Term life insurance - Profile 4 benefits A summary of the benefits available as standard Back to term life insurance profiles Survey correct as at February 2014

  13. Mortgage protection insurance details Profile Summaries – Are you here? Survey correct as at February 2014

  14. Mortgage protection insurance - Profile 1 quotes Monthly cost of 350,000 over 35 years for someone aged 23 • Policies are listed as individual rather than male or female as insurance companies can no longer price your life insurance based on your gender from 21st December 2012. • Joint life policies pay out the sum assured if one person dies within the term of the policy. The policy then ends. Please note that each joint quote in the table assumes that both people are the same age. • Dual life policies provide cover for two people and continue in force after the first person dies. It pays out a benefit on each death provided the policy is in force. Back to mortgage protection insurance profiles Forward to profile 1 benefits Survey correct as at February 2014

  15. Mortgage protection insurance - Profile 1 benefits A summary of the benefits available as standard Back to mortgage protection insurance profiles Survey correct as at February 2014

  16. Mortgage protection insurance - Profile 2 quotes Monthly cost of 250,000 over 25 years for someone aged 33 • Policies are listed as individual rather than male or female as insurance companies can no longer price your life insurance based on your gender from 21st December 2012. • Joint life policies pay out the sum assured if one person dies within the term of the policy. The policy then ends. Please note that each joint quote in the table assumes that both people are the same age. • Dual life policies provide cover for two people and continue in force after the first person dies. It pays out a benefit on each death provided the policy is in force. Back to mortgage protection insurance profiles Forward to profile 2 benefits Survey correct as at February 2014

  17. Mortgage protection insurance - Profile 2 benefits A summary of the benefits available as standard Back to mortgage protection insurance profiles Survey correct as at February 2014

  18. Mortgage protection insurance - Profile 3 quotes Monthly cost of 190,000 over 15 years for someone aged 45 • Policies are listed as individual rather than male or female as insurance companies can no longer price your life insurance based on your gender from 21st December 2012. • Joint life policies pay out the sum assured if one person dies within the term of the policy. The policy then ends. Please note that each joint quote in the table assumes that both people are the same age. • Dual life policies provide cover for two people and continue in force after the first person dies. It pays out a benefit on each death provided the policy is in force. Forward to profile 3 benefits Back to mortgage protection insurance profiles Survey correct as at February 2014

  19. Mortgage protection insurance - Profile 3 benefits A summary of the benefits available as standard Back to mortgage protection profiles Survey correct as at February 2014

  20. Mortgage protection insurance - Profile 4 quotes Monthly cost of 120,000 over 10 years for someone aged 50 • Policies are listed as individual rather than male or female as insurance companies can no longer price your life insurance based on your gender from 21st December 2012. • Joint life policies pay out the sum assured if one person dies within the term of the policy. The policy then ends. Please note that each joint quote in the table assumes that both people are the same age. • Dual life policies provide cover for two people and continue in force after the first person dies. It pays out a benefit on each death provided the policy is in force. Forward to profile 4 benefits Back to mortgage protection insurance profiles Survey correct as at February 2014

  21. Mortgage protection insurance - Profile 4 benefits A summary of the benefits available as standard Back to mortgage protection insurance profiles Survey correct as at February 2014

  22. Whole of life insurance details Profile Summaries – Are you here? Survey correct as at February 2014

  23. Whole of life insurance - Profile 1 quotes Monthly cost of 350,000 for someone aged 23 • Policies are listed as individual rather than male or female as insurance companies can no longer price your life insurance based on your gender from 21st December 2012. • Joint life policies pay out the sum assured if one person dies within the term of the policy. The policy then ends. Please note that each joint quote in the table assumes that both people are the same age. • Dual life policies provide cover for two people and continue in force after the first person dies. It pays out a benefit on each death provided the policy is in force. Please note that each dual quote in the table assumes that both people are the same age. Forward to profile 1 benefits Back to whole of life insurance profiles Survey correct as at February 2014

  24. Whole of life insurance - Profile 1 benefits A summary of the benefits available as standard Back to whole of life insurance profiles Survey correct as at February 2014

  25. Whole of life insurance - Profile 2 quotes Monthly cost of 250,000 for someone aged 33 • Policies are listed as individual rather than male or female as insurance companies can no longer price your life insurance based on your gender from 21st December 2012. • Joint life policies pay out the sum assured if one person dies within the term of the policy. The policy then ends. Please note that each joint quote in the table assumes that both people are the same age. • Dual life policies provide cover for two people and continue in force after the first person dies. It pays out a benefit on each death provided the policy is in force. Please note that each dual quote in the table assumes that both people are the same age. Back to whole of life insurance profiles Forward to profile 2 benefits Survey correct as at February 2014

  26. Whole of life insurance - Profile 2 benefits A summary of the benefits available as standard Back to whole of life insurance profiles Survey correct as at February 2014

  27. Whole of life insurance - Profile 3 quotes Monthly cost of 190,000 for someone aged 45 • Policies are listed as individual rather than male or female as insurance companies can no longer price your life insurance based on your gender from 21st December 2012. • Joint life policies pay out the sum assured if one person dies within the term of the policy. The policy then ends. Please note that each joint quote in the table assumes that both people are the same age. • Dual life policies provide cover for two people and continue in force after the first person dies. It pays out a benefit on each death provided the policy is in force. Please note that each dual quote in the table assumes that both people are the same age. Forward to profile 3 benefits Back to whole of life insurance profiles Survey correct as at February 2014

  28. Whole of life insurance - Profile 3 benefits A summary of the benefits available as standard Back to whole of life insurance profiles Survey correct as at February 2014

  29. Whole of life insurance - Profile 4 quotes Monthly cost of 120,000 for someone aged 50 • Policies are listed as individual rather than male or female as insurance companies can no longer price your life insurance based on your gender from 21st December 2012. • Joint life policies pay out the sum assured if one person dies within the term of the policy. The policy then ends. Please note that each joint quote in the table assumes that both people are the same age. • Dual life policies provide cover for two people and continue in force after the first person dies. It pays out a benefit on each death provided the policy is in force. Please note that each dual quote in the table assumes that both people are the same age. Back to whole of life insurance profiles Forward to profile 4 benefits Survey correct as at February 2014

  30. Whole of life insurance - Profile 4 benefits A summary of the benefits available as standard Back to whole of life insurance profiles Survey correct as at February 2014

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