Useful Life Cover Comparison / Quote Examples

Comparison / Quote Examples for someone taking out a policy today, with Protection Continuation*

* Protection Continuation allows you to take out a new policy at the end of the term without the need for further medical evidence.

In the examples below the life cover product is Term Assurance for a single person

Name: John Smith
Aged: 40
Smoker: No
Amount Of Cover Required: €150k
Length Of Term: 15 years

= Monthly Contribution: €17

Name: John Smith
Aged: 40
Smoker: Yes
Amount Of Cover Required: €150k
Length Of Term: 15 years

= Monthly Contribution: €37

Name: John Smith
Aged: 50
Smoker: No
Amount Of Cover Required: €150k
Length Of Term: 15 years

= Monthly Contribution: €39

Name: John Smith
Aged: 40
Smoker: Yes
Amount Of Cover Required: €150k
Length Of Term: 25 years

= Monthly Contribution: €42

Name: John Smith
Aged: 55
Smoker: No
Amount Of Cover Required: €150k
Length Of Term: 15 years

= Monthly Contribution: €67

Name: John Smith
Aged: 55
Smoker: Yes
Amount Of Cover Required: €150k
Length Of Term: 15 years

= Monthly Contribution: €139

Notes:
The younger you start, the lower the premiums
The longer the term, the higher the premium as there is an increased chance of a payout
Smokers are also hit with higher premiums as there is an increased chance of a payout