Term Assurance

If you want comprehensive financial protection to cover such things as getting your children to age 21 or getting you to retirement then Term Assurance could be right for you. With our Term Assurance Plan you simply choose the amount of cover you need and the length of time you need it for.

Overview

• The amount of cover and premiums remain fixed.                            
• Choose from Life Cover only or Life with Accelerated Specified Illness benefit.
• May be used with Interest Only Loans.
• Indexation Benefit available - Automatic 5% increase in amount of cover and premium each year (No need for medical underwriting on the increased benefit).
• Conversion Benefit available - Policy can be converted at any time during its term into a new Term Assurance plan or Mortgage Protection Plan (applies to Life Benefit only), free of medical underwriting.
• Automatic Children’s Package.

Main Benefits

Life Cover - Pays a lump sum on death or diagnosis of a terminal illness.
Specified Illness Cover - Pays a lump sum amount on diagnosis of 1 of 28 illnesses we cover including cancer, heart attack and stroke.
 

Optional Benefits

Total & Permanent Disability Benefit - pays you a lump sum if you are totally, permanently and irreversibly unable to carry out work as a result of injury or illness before your 60th birthday.
Hospital Cash Benefit - pays you a daily amount of up to €200 if you are in hospital for more than three days.
Increasing Cover Option - Your cover amount and premium increases by 5% each year to offset the effect of inflation.
Conversion Option - This option allows you to convert your current policy to a new Term Assurance plan or Mortgage Protection plan without having to provide evidence of health.

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