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Dual Convertible Term Life Insurance (with Serious Illness & Indexation)

About the Policy
  • Friends First Life Assurance Company Limited
  • A lump sum will be paid out if you die within the term of the policy or suffer a specified illness within in the term of the policy
  • Your premium will change throughout the term of your policy
  • This policy is suitable for family protection, business protection and interest-only mortgages
  • Additional Benefits include Overseas Surgery Benefit, Loss of Independent Existence Benefit & Accidental Death Benefit
  • You cannot convert the Serious Illness part of the policy ONLY the Life part.

Features

Terminal Illness Benefit

If you are diagnosed with an advanced or rapidly-progressing incurable illness where, in the opinions of an attending Consultant and our Chief Medical Officer, your life expectancy is less than 12 months, your full life cover will be paid out.

Childrens Life Cover

If your child dies during the term of your policy, a sum of €5,000 or 10% of the life cover sum insured (which ever is lower) will be paid out. All of your children between the ages of 30 days to 21 are covered under the policy. Children's Specified Illness Cover of €20,000 or 50% of the specified illness sum (whichever is lower) also applies here.

Convertible

This option allows you to convert your cover to another policy without having to provide new evidence of health. You can use this option at any point over the course of your policy, up until you turn 65.

Indexation

Indexation ensures that your cover increases by 3% and your premium increases by 5% each year. This helps to protect the real value of your cover as time passes.

Serious Illness

If you are diagnosed with one of 50 specified serious illnesses during the term of your policy, a lump sum will be paid out. You will also be covered under Partial Payment Specified Serious Illness Cover for an additional 21 specified illnesses.

Serious illness claims can be paid on an accelerated basis (meaning that your total amount of life cover will be reduced by the value of your serious illness claim) or a stand alone basis (where your life cover us unaffected by your claim).

A full list of illnesses covered is listed here

Guaranteed Insurability Option

This option allows you to get 20% additional cover every three years, without providing medical evidence. This option is sent out five times, from the third anniversary to the fifteenth anniversary of your policy’s start date and allows you to double your cover over the lifetime of your policy.

If the increase is declined more than once when offered, it will not be offered again

Quotation is valid for 7 days or until age next quarter (whichever is sooner). This quotation assumes that you are accepted by the insurance company at standard rates. Friends First Non Smoker rates assume that you have not smoked or used any tobacco related products or nicotine replacement in the last 12 months. All premiums quoted include the 1% government levy. The minimum premium with Friends First is 10.00 per month or €100 per annum

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