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Life Insurance Cost Survey
Figures correct as at February 2014
What is life insurance?
• Life insurance policies pay a lump sum to a person you name (for example, your spouse or dependants) if you die during the term of the policy.
• See more information on insurance here.
About this survey:• This survey displays quotes and benefits on four similar consumer profiles for three types of
life insurance – term life insurance, mortgage protection insurance and whole of life insurance from six of the main insurance providers in Ireland.
• The information in the survey is correct as at 3rd February 2014.• Individual brokers are not included in our cost comparisons. However, competitive quotes
can be obtained online, from brokers, and directly from firms, so make sure to shop around.• Remember, the cheapest quote may not always represent the most suitable product for your
individual circumstances.• If you need an explanation of financial terms, such as the benefits attaching to the policy in
plain English, make sure to check out our Jargon Buster.
Survey correct as at February 2014
Which product are you interested in?
• Term life insuranceThis is an insurance policy that pays out a fixed benefit if you die within a certain number of years (the term of the policy).
• Mortgage protection insuranceThis is a form of life insurance product, which lenders must make sure you have in place when you take out a mortgage on your family home and if you are under 50 years of age. Your mortgage protection policy pays off the outstanding amount due on your mortgage if you die.
• Whole of life insuranceThis type of life insurance policy covers you for your whole life. It pays out a benefit when you die, whenever that happens, as long as the policy is still in force. The benefit is not usually fixed and can vary over the life of the policy depending on the performance of the investment fund used by the policy. Also, your premiums are not fixed and may increase from time to time, for example every 10 years or so.
Survey correct as at February 2014
Term life insurance details
Profile Summaries – Are you here?
Survey correct as at February 2014
Consumer profiles Description
Profile 1 Monthly cost of 350,000 over 35 years for someone aged 23.
Profile 2 Monthly cost of 250,000 over 25 years for someone aged 33.
Profile 3 Monthly cost of 190,000 over 15 years for someone aged 45.
Profile 4 Monthly cost of 120,000 over 10 years for someone aged 50.
Term life insurance - Profile 1 quotes
Monthly cost of 350,000 over 35 years for someone aged 23• Policies are listed as individual rather than male or female as insurance companies can no longer price your
life insurance based on your gender from 21st December 2012.• Joint life policies pay out the sum assured if one person dies within the term of the policy. The policy then
ends. Please note that each joint quote in the table assumes that both people are the same age.• Dual life policies provide cover for two people and continue in force after the first person dies. It pays out a
benefit on each death provided the policy is in force. Please note that each dual quote in the table assumes that both people are the same age.
Survey correct as at February 2014
Individualnon-smoker
Individualsmoker
Joint lifenon-smokers
Joint life smokers
Dual lifenon-smokers
Dual lifesmokers
Aviva 25.12 41.30 39.92 73.15 44.87 79.09
Caledonian Life 23.60 38.60 41.30 68.89 43.82 73.22
Friends First 22.38 35.62 36.09 64.29 36.77 65.55
Irish Life 24.07 38.74 n/a n/a 39.83 67.71
New Ireland 22.80 39.43 35.03 64.07 37.07 67.81
Zurich 23.12 36.74 37.02 65.95 37.92 67.59
Back to term life insurance profiles Forward to profile 1 benefits
Term life insurance - Profile 1 benefitsA summary of the benefits available as standard
Survey correct as at February 2014
Aviva Caledonian Life
Friends First
Irish Life New Ireland
Zurich
Terminal illness ü ü ü ü ü ü
Accidental death ü û ü ü ü ü
Guaranteed insurability û ü û ü ü ü
Children’s protection û ü ü ü ü ü
Free nurse assist 24/7 û û û ü û û
Women’s health centre helpline
û û û ü û û
Counselling service when making a claim
û û û ü û û
Medical second opinion ü û û ü û û
Long term care conversion û û û û û ü
Reinstatement clause û û û û û ü
Back to term life insurance profiles
Term life insurance - Profile 2 quotes
Monthly cost of 250,000 over 25 years for someone aged 33• Policies are listed as individual rather than male or female as insurance companies can no longer price your
life insurance based on your gender from 21st December 2012.• Joint life policies pay out the sum assured if one person dies within the term of the policy. The policy then
ends. Please note that each joint quote in the table assumes that both people are the same age.• Dual life policies provide cover for two people and continue in force after the first person dies. It pays out a
benefit on each death provided the policy is in force. Please note that each dual quote in the table assumes that both people are the same age.
Survey correct as at February 2014
Individualnon-smoker
Individualsmoker
Joint lifenon-smokers
Joint life smokers
Dual lifenon-smokers
Dual lifesmokers
Aviva 23.24 38.66 36.20 67.94 41.79 73.56
Caledonian Life 20.42 36.72 35.45 65.44 37.60 69.54
Friends First 19.47 34.37 35.10 63.86 35.77 65.11
Irish Life 22.95 39.13 n/a n/a 37.69 68.44
New Ireland 22.97 40.62 35.31 66.16 37.37 69.99
Zurich 19.89 35.10 35.66 64.87 36.52 66.46
Back to term life insurance profiles Forward to profile 2 benefits
Term life insurance - Profile 2 benefits
A summary of the benefits available as standard
Survey correct as at February 2014
Aviva Caledonian Life
Friends First
Irish Life New Ireland
Zurich
Terminal illness ü ü ü ü ü ü
Accidental death ü û ü ü ü ü
Guaranteed insurability û ü û ü ü ü
Children’s protection û ü ü ü ü ü
Free nurse assist 24/7 û û û ü û û
Women’s health centre helpline
û û û ü û û
Counselling service when making a claim
û û û ü û û
Medical second opinion ü û û ü û û
Long term care conversion û û û û û ü
Reinstatement clause û û û û û ü
Back to term life insurance profiles
Term life insurance - Profile 3 quotes
Monthly cost of 190,000 over 15 years for someone aged 45• Policies are listed as individual rather than male or female as insurance companies can no longer price your
life insurance based on your gender from 21st December 2012.• Joint life policies pay out the sum assured if one person dies within the term of the policy. The policy then
ends. Please note that each joint quote in the table assumes that both people are the same age.• Dual life policies provide cover for two people and continue in force after the first person dies. It pays out a
benefit on each death provided the policy is in force. Please note that each dual quote in the table assumes that both people are the same age.
Survey correct as at February 2014
Individualnon-smoker
Individualsmoker
Joint lifenon-smokers
Joint life smokers
Dual lifenon-smokers
Dual lifesmokers
Aviva 32.89 64.66 55.62 118.49 59.94 125.82
Caledonian Life 32.46 63.47 57.61 114.66 61.21 121.97
Friends First 28.99 57.44 51.61 108.15 52.61 110.31
Irish Life 33.40 63.29 n/a n/a 57.55 114.35
New Ireland 35.30 70.57 56.84 118.43 60.16 125.32
Zurich 30.53 60.71 54.17 113.61 55.49 116.45
Back to term life insurance profiles Forward to profile 3 benefits
Term life insurance - Profile 3 benefits
A summary of the benefits available as standard
Survey correct as at February 2014
Aviva Caledonian Life
Friends First
Irish Life New Ireland
Zurich
Terminal illness ü ü ü ü ü ü
Accidental death ü û ü ü ü ü
Guaranteed insurability û ü û ü ü ü
Children’s protection û ü ü ü ü ü
Free nurse assist 24/7 û û û ü û û
Women’s health centre helpline
û û û ü û û
Counselling service when making a claim
û û û ü û û
Medical second opinion ü û û ü û û
Long term care conversion û û û û û ü
Reinstatement clause û û û û û ü
Back to term life insurance profiles
Term life insurance - Profile 4 quotes
Monthly cost of 120,000 over 10 years for someone aged 50• Policies are listed as individual rather than male or female as insurance companies can no longer price your
life insurance based on your gender from 21st December 2012.• Joint life policies pay out the sum assured if one person dies within the term of the policy. The policy then
ends. Please note that each joint quote in the table assumes that both people are the same age.• Dual life policies provide cover for two people and continue in force after the first person dies. It pays out a
benefit on each death provided the policy is in force. Please note that each dual quote in the table assumes that both people are the same age.
Survey correct as at February 2014
Individualnon-smoker
IndividualSmoker
Joint lifenon-smokers
Joint life smokers
Dual lifenon-smokers
Dual lifesmokers
Aviva 33.60 63.39 52.47 111.32 61.93 122.15
Caledonian Life 29.96 58.24 53.00 105.03 56.30 111.72
Friends First 26.88 52.96 46.17 94.76 47.06 96.64
Irish Life 31.29 59.87 n/a n/a 53.53 107.85
New Ireland 32.01 65.08 51.11 108.86 54.08 115.20
Zurich 27.64 54.80 47.53 99.68 48.68 99.67
Back to term life insurance profiles Forward to profile 4 benefits
Term life insurance - Profile 4 benefits
A summary of the benefits available as standard
Survey correct as at February 2014
Aviva Caledonian Life
Friends First
Irish Life New Ireland
Zurich
Terminal illness ü ü ü ü ü ü
Accidental death ü û ü ü ü ü
Guaranteed insurability û ü û ü ü ü
Children’s protection û ü ü ü ü ü
Free nurse assist 24/7 û û û ü û û
Women’s health centre helpline
û û û ü û û
Counselling service when making a claim
û û û ü û û
Medical second opinion ü û û ü û û
Long term care conversion û û û û û ü
Reinstatement clause û û û û û ü
Back to term life insurance profiles
Mortgage protection insurance details
Profile Summaries – Are you here?
Survey correct as at February 2014
Consumer profiles Description
Profile 1 Monthly cost of 350,000 over 35 years for someone aged 23.
Profile 2 Monthly cost of 250,000 over 25 years for someone aged 33.
Profile 3 Monthly cost of 190,000 over 15 years for someone aged 45.
Profile 4 Monthly cost of 120,000 over 10 years for someone aged 50.
Mortgage protection insurance - Profile 1 quotes
Monthly cost of 350,000 over 35 years for someone aged 23• Policies are listed as individual rather than male or female as insurance companies can no longer price your
life insurance based on your gender from 21st December 2012.• Joint life policies pay out the sum assured if one person dies within the term of the policy. The policy then
ends. Please note that each joint quote in the table assumes that both people are the same age.• Dual life policies provide cover for two people and continue in force after the first person dies. It pays out a
benefit on each death provided the policy is in force.
Survey correct as at February 2014
Individualnon-smoker
IndividualSmoker
Joint lifenon-smokers
Joint life smokers
Dual lifenon-smokers
Dual lifesmokers
Aviva 22.06 28.53 28.67 42.40 n/a n/a
Caledonian Life 19.53 25.93 32.11 43.23 n/a n/a
Friends First 14.71 23.65 22.87 39.05 n/a n/a
Irish Life 16.24 27.70 23.89 43.27 n/a n/a
New Ireland 18.33 29.09 26.68 45.39 n/a n/a
Zurich 15.42 25.53 24.69 42.04 n/a n/a
Back to mortgage protection insurance profiles Forward to profile 1 benefits
Mortgage protection insurance - Profile 1 benefits
A summary of the benefits available as standard
Survey correct as at February 2014
Aviva Caledonian Life
Friends First
Irish Life New Ireland
Zurich
Terminal illness ü ü ü ü ü ü
Accidental death ü û ü ü ü ü
Guaranteed insurability ü ü û ü ü ü
Children’s protection û ü û û û û
Free nurse assist 24/7 û û û ü û û
Women’s health centre helpline
û û û ü û û
Medical second opinion ü û û ü û û
Reinstatement clause û û û û û ü
Back to mortgage protection insurance profiles
Mortgage protection insurance - Profile 2 quotes
Monthly cost of 250,000 over 25 years for someone aged 33• Policies are listed as individual rather than male or female as insurance companies can no longer price your
life insurance based on your gender from 21st December 2012.• Joint life policies pay out the sum assured if one person dies within the term of the policy. The policy then
ends. Please note that each joint quote in the table assumes that both people are the same age.• Dual life policies provide cover for two people and continue in force after the first person dies. It pays out a
benefit on each death provided the policy is in force.
Survey correct as at February 2014
Individualnon-smoker
Individualsmoker
Joint lifenon-smokers
Joint life smokers
Dual lifenon-smokers
Dual lifesmokers
Aviva 20.00 29.36 26.69 47.37 n/a n/a
Caledonian Life 16.11 27.17 26.16 45.40 n/a n/a
Friends First 14.56 26.02 23.33 41.79 n/a n/a
Irish Life 17.37 29.08 25.79 45.60 n/a n/a
New Ireland 18.43 31.33 26.85 49.25 n/a n/a
Zurich 14.96 26.64 23.88 42.71 n/a n/a
Back to mortgage protection insurance profiles Forward to profile 2 benefits
Mortgage protection insurance - Profile 2 benefits
A summary of the benefits available as standard
Survey correct as at February 2014
Aviva Caledonian Life
Friends First
Irish Life New Ireland
Zurich
Terminal illness ü ü ü ü ü ü
Accidental death ü û ü ü ü ü
Guaranteed insurability ü ü û ü ü ü
Children’s protection û ü û û û û
Free nurse assist 24/7 û û û ü û û
Women’s health centre helpline
û û û ü û û
Medical second opinion ü û û ü û û
Reinstatement clause û û û û û ü
Back to mortgage protection insurance profiles
Mortgage protection insurance - Profile 3 quotesMonthly cost of 190,000 over 15 years for someone aged 45• Policies are listed as individual rather than male or female as insurance companies can no longer price your
life insurance based on your gender from 21st December 2012.• Joint life policies pay out the sum assured if one person dies within the term of the policy. The policy then
ends. Please note that each joint quote in the table assumes that both people are the same age.• Dual life policies provide cover for two people and continue in force after the first person dies. It pays out a
benefit on each death provided the policy is in force.
Survey correct as at February 2014
Individualnon-smoker
Individualsmoker
Joint lifenon-smokers
Joint life smokers
Dual lifenon-smokers
Dual lifesmokers
Aviva 23.14 47.50 35.19 83.04 n/a n/a
Caledonian Life 24.87 46.40 41.40 78.85 n/a n/a
Friends First 19.54 42.37 29.25 71.64 n/a n/a
Irish Life 24.23 49.53 37.40 80.21 n/a n/a
New Ireland 24.43 49.79 37.07 80.98 n/a n/a
Zurich 20.73 45.10 33.85 76.73 n/a n/a
Back to mortgage protection insurance profiles Forward to profile 3 benefits
Mortgage protection insurance - Profile 3 benefits
A summary of the benefits available as standard
Survey correct as at February 2014
Aviva Caledonian Life
Friends First
Irish Life New Ireland
Zurich
Terminal illness ü ü ü ü ü ü
Accidental death ü û ü ü ü ü
Guaranteed insurability ü ü û ü ü ü
Children’s protection û ü û û û û
Free nurse assist 24/7 û û û ü û û
Women’s health centre helpline
û û û ü û û
Medical second opinion ü û û ü û û
Reinstatement clause û û û û û ü
Back to mortgage protection profiles
Mortgage protection insurance - Profile 4 quotes
Monthly cost of 120,000 over 10 years for someone aged 50• Policies are listed as individual rather than male or female as insurance companies can no longer price your
life insurance based on your gender from 21st December 2012.• Joint life policies pay out the sum assured if one person dies within the term of the policy. The policy then
ends. Please note that each joint quote in the table assumes that both people are the same age.• Dual life policies provide cover for two people and continue in force after the first person dies. It pays out a
benefit on each death provided the policy is in force.
Survey correct as at February 2014
Individualnon-smoker
Individualsmoker
Joint lifenon-smokers
Joint life smokers
Dual lifenon-smokers
Dual lifesmokers
Aviva 25.19 45.43 35.70 75.08 n/a n/a
Caledonian Life 21.73 41.27 35.94 69.94 n/a n/a
Friends First 17.35 38.14 27.99 64.90 n/a n/a
Irish Life 23.24 42.27 35.73 67.91 n/a n/a
New Ireland 21.46 44.09 32.00 71.16 n/a n/a
Zurich 17.97 39.82 29.10 68.25 n/a n/a
Back to mortgage protection insurance profiles Forward to profile 4 benefits
Mortgage protection insurance - Profile 4 benefits
A summary of the benefits available as standard
Survey correct as at February 2014
Aviva Caledonian Life
Friends First
Irish Life New Ireland
Zurich
Terminal illness ü ü ü ü ü ü
Accidental death ü û ü ü ü ü
Guaranteed insurability ü ü û ü ü ü
Children’s protection û ü û û û û
Free nurse assist 24/7 û û û ü û û
Women’s health centre helpline
û û û ü û û
Medical second opinion ü û û ü û û
Reinstatement clause û û û û û ü
Back to mortgage protection insurance profiles
Whole of life insurance details
Profile Summaries – Are you here?
Survey correct as at February 2014
Consumer profiles Description
Profile 1 Monthly cost of 350,000 for someone aged 23.
Profile 2 Monthly cost of 250,000 for someone aged 33.
Profile 3 Monthly cost of 190,000 for someone aged 45.
Profile 4 Monthly cost of 120,000 for someone aged 50.
Whole of life insurance - Profile 1 quotes
Monthly cost of 350,000 for someone aged 23• Policies are listed as individual rather than male or female as insurance companies can no longer price your
life insurance based on your gender from 21st December 2012.• Joint life policies pay out the sum assured if one person dies within the term of the policy. The policy then
ends. Please note that each joint quote in the table assumes that both people are the same age.• Dual life policies provide cover for two people and continue in force after the first person dies. It pays out a
benefit on each death provided the policy is in force. Please note that each dual quote in the table assumes that both people are the same age.
Survey correct as at February 2014
Individualnon-smoker
Individualsmoker
Joint lifenon-smokers
Joint life smokers
Dual lifenon-smokers
Dual lifesmokers
Aviva n/a n/a n/a n/a n/a n/a
Caledonian Life n/a n/a n/a n/a n/a n/a
Friends First 211.84 245.35 249.43 305.38 406.86 480.30
Irish Life 150.44 203.17 205.69 278.45 295.83 401.28
New Ireland n/a n/a n/a n/a n/a n/a
Zurich n/a n/a n/a n/a n/a n/a
Back to whole of life insurance profiles Forward to profile 1 benefits
Whole of life insurance - Profile 1 benefits
A summary of the benefits available as standard
Survey correct as at February 2014
Aviva Caledonian Life
Friends First
Irish Life New Ireland
Zurich
Terminal illness n/a n/a ü ü n/a n/a
Accidental death n/a n/a û ü n/a n/a
Guaranteed insurability n/a n/a û ü n/a n/a
Possible surrender value n/a n/a ü û n/a n/a
Free nurse assist 24/7 n/a n/a û ü n/a n/a
Women’s health centre helpline
n/a n/a û ü n/a n/a
Medical second opinion n/a n/a û ü n/a n/a
Reinstatement clause n/a n/a û û n/a n/a
Back to whole of life insurance profiles
Whole of life insurance - Profile 2 quotes
Monthly cost of 250,000 for someone aged 33• Policies are listed as individual rather than male or female as insurance companies can no longer price your
life insurance based on your gender from 21st December 2012.• Joint life policies pay out the sum assured if one person dies within the term of the policy. The policy then
ends. Please note that each joint quote in the table assumes that both people are the same age.• Dual life policies provide cover for two people and continue in force after the first person dies. It pays out a
benefit on each death provided the policy is in force. Please note that each dual quote in the table assumes that both people are the same age.
Survey correct as at February 2014
Individualnon-smoker
Individualsmoker
Joint lifenon-smokers
Joint life smokers
Dual lifenon-smokers
Dual lifesmokers
Aviva n/a n/a n/a n/a n/a n/a
Caledonian Life n/a n/a n/a n/a n/a n/a
Friends First 218.42 253.96 258.19 318.44 424.46 499.74
Irish Life 157.72 202.61 215.73 277.68 310.38 400.17
New Ireland n/a n/a n/a n/a n/a n/a
Zurich n/a n/a n/a n/a n/a n/a
Back to whole of life insurance profiles Forward to profile 2 benefits
Whole of life insurance - Profile 2 benefits
A summary of the benefits available as standard
Survey correct as at February 2014
Aviva Caledonian Life
Friends First
Irish Life New Ireland
Zurich
Terminal illness n/a n/a ü ü n/a n/a
Accidental death n/a n/a û ü n/a n/a
Guaranteed insurability n/a n/a û ü n/a n/a
Possible surrender value n/a n/a ü û n/a n/a
Free nurse assist 24/7 n/a n/a û ü n/a n/a
Women’s health centre helpline
n/a n/a û ü n/a n/a
Medical second opinion n/a n/a û ü n/a n/a
Reinstatement clause n/a n/a û û n/a n/a
Back to whole of life insurance profiles
Whole of life insurance - Profile 3 quotes
Monthly cost of 190,000 for someone aged 45• Policies are listed as individual rather than male or female as insurance companies can no longer price your
life insurance based on your gender from 21st December 2012.• Joint life policies pay out the sum assured if one person dies within the term of the policy. The policy then
ends. Please note that each joint quote in the table assumes that both people are the same age.• Dual life policies provide cover for two people and continue in force after the first person dies. It pays out a
benefit on each death provided the policy is in force. Please note that each dual quote in the table assumes that both people are the same age.
Survey correct as at February 2014
Individualnon-smoker
Individualsmoker
Joint lifenon-smokers
Joint life smokers
Dual lifenon-smokers
Dual lifesmokers
Aviva n/a n/a n/a n/a n/a n/a
Caledonian Life n/a n/a n/a n/a n/a n/a
Friends First 272.57 323.22 329.83 446.99 522.40 634.88
Irish Life 176.49 264.49 241.64 363.08 347.93 523.93
New Ireland n/a n/a n/a n/a n/a n/a
Zurich 167.22 280.12 221.70 393.11 331.91 557.72
Back to whole of life insurance profiles Forward to profile 3 benefits
Whole of life insurance - Profile 3 benefits
A summary of the benefits available as standard
Survey correct as at February 2014
Aviva Caledonian Life
Friends First
Irish Life New Ireland
Zurich
Terminal illness n/a n/a ü ü n/a ü
Accidental death n/a n/a û ü n/a ü
Guaranteed insurability n/a n/a û ü n/a ü
Possible surrender value n/a n/a ü û n/a û
Free nurse assist 24/7 n/a n/a û ü n/a û
Women’s health centre helpline
n/a n/a û ü n/a û
Medical second opinion n/a n/a û ü n/a û
Reinstatement clause n/a n/a û û n/a ü
Back to whole of life insurance profiles
Whole of life insurance - Profile 4 quotes
Monthly cost of 120,000 for someone aged 50• Policies are listed as individual rather than male or female as insurance companies can no longer price your
life insurance based on your gender from 21st December 2012.• Joint life policies pay out the sum assured if one person dies within the term of the policy. The policy then
ends. Please note that each joint quote in the table assumes that both people are the same age.• Dual life policies provide cover for two people and continue in force after the first person dies. It pays out a
benefit on each death provided the policy is in force. Please note that each dual quote in the table assumes that both people are the same age.
Survey correct as at February 2014
Individualnon-smoker
Individualsmoker
Joint lifenon-smokers
Joint life smokers
Dual lifenon-smokers
Dual lifesmokers
Aviva n/a n/a n/a n/a n/a n/a
Caledonian Life n/a n/a n/a n/a n/a n/a
Friends First 219.07 269.96 277.12 382.62 428.64 534.08
Irish Life 144.63 213.51 197.68 292.72 284.22 421.96
New Ireland n/a n/a n/a n/a n/a n/a
Zurich 143.66 241.82 187.92 330.48 284.80 481.13
Back to whole of life insurance profiles Forward to profile 4 benefits
Whole of life insurance - Profile 4 benefits
A summary of the benefits available as standard
Survey correct as at February 2014
Aviva Caledonian Life
Friends First
Irish Life New Ireland
Zurich
Terminal illness n/a n/a ü ü n/a ü
Accidental death n/a n/a û ü n/a ü
Guaranteed insurability n/a n/a û ü n/a ü
Possible surrender value n/a n/a ü û n/a û
Free nurse assist 24/7 n/a n/a û ü n/a û
Women’s health centre helpline
n/a n/a û ü n/a û
Medical second opinion n/a n/a û ü n/a û
Reinstatement clause n/a n/a û û n/a ü
Back to whole of life insurance profiles
