SmartQuotes.ie launch free life cover for the first year for new parents

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SmartQuotes.ie, Ireland's leading low cost financial services and insurance website are delighted to announce the launch of our promotion for new parents offering the first year of Life Cover Free for all new parents. The maximum level of €50,000 per parent.

Almost half the population of Ireland, 1.6 million people have NO life cover. Of those that have cover, most have only enough to cover their mortgage. Not only that, people think it's far more expensive than it actually is. A recent survey by Irish Life highlighted that only 33% of people surveyed have a life insurance product which is not linked with their mortgage. We all like to think we'll always be there to take care of our family's needs, but unfortunately that's something nobody can guarantee. Life's unpredictable and we never know what is going to happen next. Have you ever thought how your family would cope financially if something happened to you? Could they maintain their standard of living?

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Life Cover what is it?

Life cover pays your family a lump sum if you die. They can use this as they wish, to help pay bills, loans - whatever matters most.It gives you peace of mind that your family could be secure financially when you're gone.

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How much Life Cover do I need?

This is very much dependent on personal circumstances but, as an example, if a 30 year old contributes €2,000 to the family home each month and has debt of €20,000 for a car. If he/she wants to leave a lump sum for his family to cover day to day living expenses for 20 years and a lump sum of €50,000 the individual would need cover of €437,000.

The above excludes the mortgage which we have assumed would be paid off by the Mortgage Life Assurance policy.

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How much does Life Cover Cost?

Life Assurance need not be expensive and can help protect your family in the event of a premature death. In the case of the above an individual aged 30 looking for €437,000 of cover for 20 years would pay circa €25 per month.

For a couple aged 30 years of age the cost for €50,000 Life Cover with €50,000 Specified Illness Cover for two non smokers is €32.94 per month.

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How do I apply and avail of the offer?

Click here and obtain a quote in a few easy steps.

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The offer is open until the 31st August 2011 for anyone who has had a new child in the last twelve months. The PROMO code 'FAMILY2011' can be input on our website in order to available of this offer.

* Subject to terms and conditions of the offer and subject to underwriting

Terms and Conditions:

• Only applicable for policy with Life Cover up to €50,000
• Applies to single, joint and dual life policies
• Applies to term life assurance and term specified illness cover
• Applies to level and convertible products
• Applies to indexed linked products (premiums increase at 7.5%, benefits at 5%)
• Minimum term of 20 years
• Free cover is given by way of 100% rebate for the first twelve months paid to customers on the same day they pay premiums to the relevant insurance company
• From month 13 normal monthly premium applies for the remainder of the policy
• In addition where not specified above our Terms of Business apply
• Applies to first 500 policies where the promo code FAMILY2011 is entered
• The offer is open until 31st August 2011 for anyone who has had a new child in the last twelve months.