SmartQuotes.ie

There are a lot of products out in the market aimed at the over 50’s. While some of these are good products there are lower cost alternatives available to individuals with no major health issues.  For illustrative purposes €200,000 life cover for a 50 year old male for 15 years (i.e. until retirement) would cost €57.32 per month.

For individuals over 50’s life assurance may be an important consideration for a number of reasons such as:

• Children still in full time education
• Business loans that are not yet paid off
• Negative equity on an investment property (if the property is sold the amount may not cover the loan)
• Other loans
• Drop in accumulated pension funds therefore reducing benefits for a spouse in the event of death

Based on the above details the underwriting requirements are a report from GP on your medical history. In a lot of cases a report from your GP should address these issues without the need for a full medical, providing no major health issues are raised. Obviously due to the nature of the cover each case is different therefore the above should only be considered as being for illustrative purposes.

SmartQuotes.ie are offering up to a 70% discount on the first years premium resulting in the monthly outgoing for the first 12 months reducing to €17.20 per month.  SmartQuotes.ie have agencies with all the major insurers including Aviva, Canada Life, New Ireland, Hibernian and Zurich.

Contact SmartQuotes.ie to obtain a quote on your over 50’s Life Assurance. You can obtain a quote online at our Life Assurance page here or call us on (01) 685 3813.

Assumptions:

• Male Non Smoker DOB 20/1/1960
• Cover €200k for 15 years (i.e. to normal retirement age)
• Non convertible