Family protection

Ensures your loved ones receive a lump sum payment if the worst happens.



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What is family protection?

Family protection is a type of life insurance policy (called Life Choice You & Family). It gives your loved ones a lump sum of money if you pass away. This money can help pay for funeral costs, bills, or debts. It gives your family financial support when they need it most. You can also choose to add specified illness cover. This pays out if you’re diagnosed with an illness covered by the policy.

We offer two types of family protection policies:

  • Term assurance – If you pass away during a set time (10, 15 or 20+ years), your loved ones will get a tax-free, lump sum of money.
  • Specified illness – If you get a serious illness like cancer, a heart attack, or a stroke, this cover gives you a lump sum of money. The money is tax-free and can help pay for medical costs or bills while you recover.

The cost of your premiums will depend on your age, health, lifestyle, and the amount of coverage you choose. Generally, premiums are lower if you start your policy at a younger age. It’s also possible to adjust your policy over time as your circumstances change.

What is family protection?

Family protection is a type of life insurance policy (called Life Choice You & Family). It gives your loved ones a lump sum of money if you pass away. This money can help pay for funeral costs, bills, or debts. It gives your family financial support when they need it most. You can also choose to add specified illness cover. This pays out if you’re diagnosed with an illness covered by the policy.

We offer two types of family protection policies:

  • Term assurance – If you pass away during a set time (10, 15 or 20+ years), your loved ones will get a tax-free, lump sum of money.
  • Specified illness – If you get a serious illness like cancer, a heart attack, or a stroke, this cover gives you a lump sum of money. The money is tax-free and can help pay for medical costs or bills while you recover.

The cost of your premiums will depend on your age, health, lifestyle, and the amount of coverage you choose. Generally, premiums are lower if you start your policy at a younger age. It’s also possible to adjust your policy over time as your circumstances change.


Why choose us for family protection?

Comprehensive cover

We offer a range of family cover options. This includes term assurance and specified illness cover. You can pick single or dual life policies and you can tailor your plan to fit your needs.

Dedicated consultant support

Our financial consultants can help you understand your insurance needs and choose the right policy for you and your family.

Access BetterHealth at no extra cost

An online healthcare service, that gives access to online GP appointments with Irish-registered doctors, plus mental health counselling, physiotherapy, and personalised fitness and nutrition plans, all included with your cover.

Flexible cover that grows with you

Our family protection is one of the most flexible around. You can adjust your cover amount or term as your needs change, so it always fits your life.


Our guide to family protection

Step 1 – Arrange a financial wellbeing session
Arrange a meeting with one of our financial consultants online or in person in one of our branches nationwide.

Step 2 – Get your personalised financial plan
Tell us a bit about your lifestyle and your finances and we’ll recommend the best cover to fit your needs.

Step 3 – Complete your application
When you’re happy we have the right cover to suit you, you’ll fill in your application with one of our financial consultants.

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Discover more about BetterHealth

We offer Life Choice policyholders1 and their immediate families a range of online healthcare services2 at no extra cost.3

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What family protection could mean to you

John, a 40-year-old engineer, and Mary, a 38-year-old teacher, and their two children rely on family protection from Bank of Ireland Life to help cover their children’s future education costs in the event of an unforeseen tragedy. With their busy schedules and active family life, they understand the importance of comprehensive protection that helps cover their mortgage, education costs, and general living expenses.

Our convenient and reliable family and life protection services ensures their peace of mind and safeguards their family’s future well being.


Frequently asked questions

  • What should I think about before applying for specified illness cover?
    Specified illness cover provides a lump sum payout if you suffer from one of the specified illnesses covered on your plan. This cover is designed to help you maintain your standard of living or help and support you to cope financially during a difficult time. You can choose the amount of cover you need and how to use it. For example, if you suffer from one of the specified illnesses covered, the payout could go towards meeting your mortgage and loan repayments or everyday bills and expenses, allowing you to concentrate on getting better.
  • What types of illnesses are covered under specified illness cover?

    The illnesses covered are those that will most likely keep you out of work for a long amount of time. Most of the claims paid are as a result of cancer, heart attack, or stroke.

    You can review the illnesses covered in the terms and conditions of the policy.
    Arrange a meeting today and we can provide you with a more detailed list of illnesses covered.

    Please note: Your illness must also meet the severity specified otherwise they may not be covered.


Need a helping hand?

Fill in the form to tell us what you’d like to talk about and when would be a good time for us to call you.

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Terms and conditions apply. Benefits are subject to underwriting and acceptance by New Ireland Assurance Company plc. trading as Bank of Ireland Life. It is important to understand that certain restrictions and exclusions may apply.

Bank of Ireland Insurance & Investments is a tied agent of Bank of Ireland Life and receives commissions for the work they carry out in relation to the sale of life assurance products (i.e. life and/or specified illness policies, investment policies or pensions). Further details are available in the Commission Summary Document.

The personas portrayed above are fictitious and no identification with actual persons is intended or should be inferred.

1 Life Choice policyholder includes policyholders of Life Choice Home, Life Choice You and Family, Life Choice Assets.
2 These services are available to Life Choice policyholders’ spouse/partner and dependants (under 18). Dependants cannot avail of Online Physiotherapy or Get Fit Programme. Internet and call charges may apply depending on your telecoms provider.
3 While these additional services are presently available with a Life Choice Home, Life Choice You & Family or Life Choice Assets policy, we may need to restrict or withdraw access to the services at some time in the future.