Life assurance costs have reduced in the past few years mainly as a result of increased competition in the market. For illustration purposes we thought it might be worthwhile to examine this for both life assurance and mortgage protection (also known as life assurance for your mortgage)
A mortgage protection policy for a couple (male aged 27 smoker, female aged 28 non smoker) in the amount of €522,500 over 35 years cost €57.24 per month in 2007. Today it costs €54.19 per month. A reduction of 5.3%.
A life assurance policy for the same couple (dual life, convertible term, indexation) over 25 years would have costs €37.87 in 2006. Today it costs €33.73 per month. A reduction of 11% per month.
The above demonstrates the possible savings to be made by shopping around. Go to our life insurance quote generator to obtain a quote in a few easy steps.
SmartQuotes.ie can provide you with a real time quote for cheap life assurance or cheap mortgage protection. Why not go on our site and compare against the cost of your existing cover. In addition to providing the lowest quote by comparing all the market providers we also currently offer up to 70% rebate on the first year’s premium.
Finding based on the comparison on one sample life assurance quote and one sample mortgage protection quote. Different circumstances may obtain different results.
All figures are correct at the time of publishing. These figures are for illustrative purposes only. If Financial Advice is required you should contact SmartQuotes (trading name of PFP Financial Services Limited
Tags: cheap life assurance, cheap life insurance, Discount Life Assurance, Irish Life Assurance, Life Assurance Ireland
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