Protect against the loss of income due to illness or death

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Protect your income & lifestyle...just in case

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Taking out a protection policy? We have a price promise for you

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Get a life insurance estimate today

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Learn more about protection for...

Families
Individuals
Mortgage Protection
Price Promise
Need advice? Call one of our expert advisors on 1850 304 070 or Get an estimate

Death or serious illness in a family is hugely traumatic and often made worse by the financial stress that can come with it.

If anything happened to you, it would be good to know that money issues would not be a problem for your family.
If you want to put your emergency plan in place, we are here to help.

  • Life insurance can provide your family with a combination of a lump sum of money and an ongoing income that can be used for funeral expenses, clear outstanding debts and maintain the life you've always known
  • Income Protection and Specified Illness cover can ease the financial burden if you were unable to work due to illness

Find out more today about our Life cover and Specified Illness cover price promise.

No one size fits all. This is why you need to meet with one of our advisors to help you decide on the cover that's best for you.

There are two types of cover that may be of interest to you:

On Death:

Life insurance can provide a lump sum and/or a monthly income to your family. How much you need is based on a number of key factors.

The most obvious effect is the loss of income of the breadwinner. However, some outgoings will disappear, for example, your family may no longer have to pay a mortgage. You many also be entitled to state benefit payments.

Estimate your family's needs with our benefits calculator.

On Illness:

Specified Illness pays a lump sum on diagnosis of any one of a range of illnesses covered under our plan.

Alternatively, Income Protection can replace up to 75% of your monthly income if you are prevented from working due to illness or ill-health or injury.

What's right for you depends on your occupation, your health and your individual circumstances.

For more information, view our Protection FAQs.

First, help us understand a little about you
You must enter a date of birth You must enter a valid date of birth You must be aged between 18 and 63 to obtain an estimate

This calculator helps give you a sense of what your family's financial shortfall might be in the event of your death.

Three likely financial effects in the event of death are:

1. Loss of income

2. Your mortgage repayments cease

3. The State pays a widow's pension

The calculator will also give you an indication of the cost of a protection package.

Contact an advisor who will tailor a plan to suit your needs.

You must enter a Net Monthly Income to obtain an estimate You must enter a Net Monthly Income to obtain an estimate
Your family's financial shortfall:
0
0
Please enter a valid amount
Your family's financial shortfall:
4,000 per month
4000
0
0 4000
0 4000
Your family's financial shortfall:
1,800 per month
4000
0
0 4000
0 1800
State Benefits 1200
Ceased Mortgage Repayments 1000

Talk to us today about putting a package in place to protect your family.

Based on a number of assumptions, to give you an idea of cost, a person of your age, in good health, could put a life cover package in place for a month for years.

This package would, in the event of death, pay out a monthly income of until the end of the term and a lump sum on death of which could be used to pay off immediate expenses such as funeral costs and outstanding loans.

View Assumptions

The sample life assurance package provides on death a combination of a once off payment and an ongoing income. It is designed with the following in mind:

1. In the event of death there are a number of expenses to be met. It provides a lump sum of two years net of tax income which could help meet funeral costs, clear debts other than a mortgage and/or provide a fund for your family.

2. Your primary need is to provide an ongoing income to help support your family. The sample package would provide this income until you would have retired, which is assumed to be your State retirement age.

In estimating the financial impact of death on your family we made the following assumptions:

1. We assumed that your income would be lost to your family in the event of your death.

2. If you are married or in a civil partnership, we assumed that your partner would be entitled to the widow's pension on your death of ( 193.50 per week as at 01 July 2014 which works out to be 838 per month).

3. If you have a mortgage, we assumed that you have life insurance that would clear the remaining balance in the event of your death and that mortgage repayments would cease.

The actual financial effect on your family can depend on a range of factors and we would be delighted to help you assess your needs.

In arriving at the estimated cost, we assumed:

1. The current Government Levy of 1% payable on all premiums paid on a life insurance policy would continue to apply and the cost is therefore inclusive of a levy of 1%.

2. The life cover is for you and you have no medical issues. It is important to understand that life cover benefits are subject to medical and financial underwriting and are subject to acceptance by a life assurance company.

3. Your smoker status is as you indicated.

4. The term of cover required is the difference in years between your current age and your State retirement age (up to a maximum of 40 years).

5. Cover is required for you only.

Your family's financial shortfall:
1,800 per month
4000
0
0 4000
Unprotected income 1800
State Benefits 1200
Ceased Mortgage Repayments 1000

Widow's Pension

In life, we never know what's around the corner. Protect your income and lifestyle.

The diagnosis of a serious illness or the sudden inability to work can have an immediate impact on your life.

If you are prevented from working by a sudden illness or injury, you will still face most of the expenses that your income currently pays for. As your capacity to earn decreases, medical expenses and the day-to-day bills can easily build up.

Income Protection can provide you with an income if you are out of work in the longer term, due to a serious illness.

Specified Illness cover can provide you with a lump sum payment on the diagnosis of specific illnesses such as stroke, cancer and heart attack.

Life insurance can provide a lump sum or income on death. If you don't have people who depend on you financially, this type of cover may not be as relevant to you as it would be for families.

Find out more today about our Life cover and Specified Illness cover price promise.

Did you know?

The youngest specified illness claimant last year was 28 years old

New Ireland Assurance Company plc Claims 2013

Some of the options that may be of interest to you include:

Specified illness Income protection Life cover
Pays a lump sum on diagnosis of any one of a range of illnesses covered under your plan to.
  • Maintain your lifestyle
  • Help you cope financially during a tough time
Provides a replacement income if you are prevented from working due to illness or injury. Pays lump sum on death to:
  • Cover funeral expenses and related costs
  • Clear any loans or debts
  • Provide for dependants
Additional benefits can be added which can pay out on accident, injury or death. Can replace up to 75% of your monthly income if you have been out of work for a specified period. Key priority for people with families, but may be less important for people without dependents.

Get an estimate

For more informatio, view our Protection FAQs.

You must enter a date of birth You must enter a valid date of birth You must be aged between 18 and 74 to obtain an estimate
You must enter a mortgage value of between 25,000 and 8,000,000 You must enter a mortgage value of between 25,000 and 8,000,000
You must enter a term of between 5 and 40 years You must enter a term of between 5 and 40 years

This calculator gives you an indication of the cost of Mortgage Protection based on a number of assumptions.

For a quote, or to talk about our Price Promise, contact one of our advisors.

By law, with limited exceptions if you have a mortgage on your principle residence, you must have Mortgage Protection.

  • Mortgage Protection is a form of life cover designed specifically to repay your loan if you die
  • The cover decreases over the term of the policy to broadly match the reducing balance of the mortgage to be repaid

Did you know?

One of the most common delays in drawing down a mortgage is not having Mortgage Protection cover in place. This may happen if you need to submit additional medical information after you apply for your cover.

Our advice is to get your cover arranged early. We can then process your application as quickly as possible to minimise any delays in getting your mortgage.

To prepare for your Mortgage Protection meeting, here's what you need to have:

  • the amount and term of your mortgage
  • details of any existing life cover you already have
  • valid form of ID (passport or driving licence)
  • utility bill/bank statement issued in the last 6 months

You will be asked questions about your lifestyle: (e.g. your occupation, hobbies, your smoking and alcohol consumption); your medical history, such as whether you have been hospitalised or been to see your GP recently and the outcome; your family's medical history; your doctor's contact details.

With your consent, your doctor may be contacted to provide a report on your health depending on your health, age, type and amount of policy you want to take out.

You may need to attend a doctor if:

You have had an illness in the past that the insurance company needs to know more about, or
The amount of cover you require is very large. You may be asked to attend a doctor for examination and/or tests.

For more information on Mortgage Protection, review our FAQs.

Find out more today about our Mortgage Protection price promise.

Did you know?

We offer a price promise

Peace of mind at a great price.

Whether you're looking to protect you, your family or your family home in the event of death or serious illness, we'll give you the right cover, at the right price.

We'll take the work out of trying to find the best price for your life and specified illness cover. To get you the best price, we compare our price with 5 other leading life insurers in the Irish market to match the lowest price quoted.

Talk to us about putting comprehensive cover in place at a great price.

Our Protection Solutions
Further product information
Mortgage Protection cover details

With our Mortgage Protection cover, subject to meeting certian criteria, you can apply to:

  • Increase or decrease your cover, and extend or decrease your term
  • Increase the amount of cover within 3 months of moving house, getting married or having or adopting a child, without having to provide evidence of health
  • Move to a new mortgage or family protection plan without having to provide evidence of health if the "Medical Free Conversion" option is selected at the outset
  • Avail of a children's protection package

Need Advice?

Call us on 1850 304 070 or request a call back
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With over 270 branches nationwide, there is a Bank of Ireland branch close to you where you can come in and speak to us.

Existing policy? Get in touch.Call 1890 309 309

Office hours: Monday to Friday 8AM to 6PM

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