Financial Protection for the Family

our-life-and-pensions-servicesA flexible plan which allows change, through the Life Cycle can be the answer. Every family’s needs are individual, so get a tailor made package to suit YOUR needs at all stages.

You can take out a short term plan with a large sum assured for when you need cover most, and convert it to a lifelong plan with a smaller sum assured at a later date. Both plans have specific cost and cover so you can have certainty and peace of mind.

Young Unmarried Couple with a home

  • 1 in 10 Adults in Ireland are cohabiting]
  • You need to protect against TAX for surviving partner
  • A partner is only entitled to a Tax free amount of €15,075.
  • Remainder of inheritance is taxed at 33% (Including the value of the Family Home)
  • Policy may be taken to pay tax on death, allowing home to transfer to your partner tax free.
  • See Inheritance Tax
  • Click to see indicative rates
    Life Term Rates 1
    Age Next Birthday Sum Assured Term Monthly Premium Monthly Premium
    Convertible Non smoker smoker €
    25 100,000 20 years €10 €10
    30 100,000 20 years €10 €11.73
    35 100,000 20 years €10 €15.55
    40 100,000 20 years €12.59 €22.75
    45 100,000 20 years €18.09 €35.95
    50 100,000 20 years €28.18 €61.35
    55 100,000 20 years €49.46 €98.68
    60 100,000 20 years €81.81 €161.31
    65 100,000 20 years €166.12 €491.20
    Notes:
    All quotes assume normal standard rates apply.
    All rates include convertible option.
    Rates are correct as at 14/4/2016, and are subject to change
    Rates are currently best in market.

Young Married Couple with children

  • 90% of parents in Ireland, say that they would do anything for their children*
  • Almost 50% of parents in Ireland have NO life cover*
  • Of the ones who have, 40% have only Mortgage Protection*
  • You need to protect your family’s future
  • If you have ever worried about not having enough, What if your family had nothing?
  • Protect against money worries and sleepless nights
  • Click to see indicative rates
    Life Term Rates 1
    Age Next Birthday Sum Assured Term Monthly Premium Monthly Premium
    Convertible Non smoker smoker €
    25 100,000 20 years €10 €10
    30 100,000 20 years €10 €11.73
    35 100,000 20 years €10 €15.55
    40 100,000 20 years €12.59 €22.75
    45 100,000 20 years €18.09 €35.95
    50 100,000 20 years €28.18 €61.35
    55 100,000 20 years €49.46 €98.68
    60 100,000 20 years €81.81 €161.31
    65 100,000 20 years €166.12 €491.20
    Notes:
    All quotes assume normal standard rates apply.
    All rates include convertible option.
    Rates are correct as at 14/4/2016, and are subject to change
    Rates are currently best in market.

Single Parents

  • Almost 1 in 4 children in Ireland live in single parent households
  • You have the responsibility of being the sole provider for your children
  • How would your financial support be replaced if you died
  • Click to see indicative rates
    Life Term Rates 1
    Age Next Birthday Sum Assured Term Monthly Premium Monthly Premium
    Convertible Non smoker smoker €
    25 100,000 20 years €10 €10
    30 100,000 20 years €10 €11.73
    35 100,000 20 years €10 €15.55
    40 100,000 20 years €12.59 €22.75
    45 100,000 20 years €18.09 €35.95
    50 100,000 20 years €28.18 €61.35
    55 100,000 20 years €49.46 €98.68
    60 100,000 20 years €81.81 €161.31
    65 100,000 20 years €166.12 €491.20
    Notes:
    All quotes assume normal standard rates apply.
    All rates include convertible option.
    Rates are correct as at 14/4/2016, and are subject to change
    Rates are currently best in market.

Stay at Home Parents

  • It’s estimated that the economic value of a stay at home parent, is about €50,000 per annum*
  • Think of the replacement childcare and housework costs
  • Would the “Breadwinner” be able to continue working?
  • Click to see indicative rates
    Life Term Rates 1
    Age Next Birthday Sum Assured Term Monthly Premium Monthly Premium
    Convertible Non smoker smoker €
    25 100,000 20 years €10 €10
    30 100,000 20 years €10 €11.73
    35 100,000 20 years €10 €15.55
    40 100,000 20 years €12.59 €22.75
    45 100,000 20 years €18.09 €35.95
    50 100,000 20 years €28.18 €61.35
    55 100,000 20 years €49.46 €98.68
    60 100,000 20 years €81.81 €161.31
    65 100,000 20 years €166.12 €491.20
    Notes:
    All quotes assume normal standard rates apply.
    All rates include convertible option.
    Rates are correct as at 14/4/2016, and are subject to change
    Rates are currently best in market.

Empty Nest Couple

  • Your Life Policy may have become very expensive
  • You may not require such a large amount
  • There are options, and the sooner you act the better
  • You may need to safeguard your assets against the Tax man

See Inheritance Tax

  • IRISH LIFE paid out €412,000 in Death Claims EVERY WORKING DAY IN 2015

*Per Coyne Research for ILFS