Whole of Life Continuation Cover

Yes, very much so. It is a unique product in the Irish market and probably the best life insurance innovation this century! The reason that this policy is known to pay for itself is it enables you to get the benefit of the cover even after the term of the policy is over and you have stopped paying the premium of the policy due to the end of the premium term. This means a guaranteed payout of a lump sum at the time of your death. In most instances the covered amount is higher than the maximum you can pay into the policy! 

Anyone who wants a life policy that effectively pays out more than you pay into in! It is our experience that this policy is probably most popular with middle aged and middle income clients. But this policy is for any person who needs the surety that the cover would benefit their family whether they die at any age.

With our assistance we work out an appropriate amount of cover and an appropriate term for you to pay the premiums over. As an example, you might only pay your premiums for 10 years and take out cover of €50,000. After this time if you are still alive the policy will pay out the agreed amount (€50,000) whenever you do pass away. In our experience the total premiums paid during this period would be lower than the amount covered! This is why we say that it is a policy that pays for itself. It gives that security of knowing you don’t have to keep paying for life cover into your retirement, but the payout will be there when your family needs it. If you were to die during the first 10 years (in this example), not only will you not have to pay the full amount of the premiums but the policy will pay out the agreed amount and a minimum of €25,000 on top of it, so a total pay out of €75,000 in this example! This is a policy that can really be best explained by contacting us for a tailored quote.

The policy cover will not pay out if you do not pay the premium until the end of the policy term.