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Level Term Life Insurance(with Indexation)

Life Choice Benefits
About the Policy
  • New Ireland Assurance Company plc
  • Your life cover will remain the same throughout the term of your policy
  • A lump sum will be paid out if you die within the term of the policy
  • This policy is suitable for family protection, business protection and interest-only mortgages needs to on all life insurance plans
  • Your premium will change throughout the term of your policy

Features

Terminal Illness Benefit

  If you are diagnosed with a terminal illness within 18 months of the end date of your policy, your full life cover sum will be paid out. A terminal illness is defined as one with which you are given less than 12 months to live.

Childrens Life Cover

An amount of €4,000 is payable on the death of a child during the term of your policy. This applies to all the natural and/or legally adopted children of a Life Insured who are aged between 6 months and 18 years at the date the benefit is payable and also to those who are aged between 18 and 21 years who are in full time education.

Indexation

The cover amount and premium increases by 3% each year. If chosen the Whole of Life lump sum amount will continue to increase, even after the policy term ends, up until death.

Life Choice Benefits
  • Life Events - Increase the lump sum amount by the lower of 50% or €100,000, without having to provide evidence of health, within 3 months of: a mortgage increase due to moving house; getting married; having or adopting a child. The max increase over the term of the policy is the lower of 100% of the lump sum amount or €200,000 (expires age 55).

  • Monthly Income on Death - Pays a monthly income on death for the remainder of the chosen term. The monthly amount will be paid out for a minimum term of 3 years should death occur within the last 3 years of the benefit term. Income on Death benefit must be selected for a minimum term of 10 years for this to apply.

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.

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