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Sunday, May 20, 2012

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New Post 27/04/2010 12:01
  peterc
1 posts
No Ranking


Cheap life Assurance 

What is the Cheapest form of Life Insurance?

 
New Post 27/04/2010 12:06
  LindaB
12 posts
5th Level Poster


Re: Cheap life Assurance 

Term assurance is usually classed as being the value form of Life assurance. Unlike Whole life cover it will operate for a fixed period of time only.

Mortgage Protection is probably the best example of Term Assurance, which will run for the period of the loan (cover ceases after the loan is paid off)

 
New Post 27/04/2010 12:45
  stepheng
1 posts
No Ranking


Re: Cheap life Assurance 

Cheapest form is Mortgage Protection where the cover reduces as the loan is repaid. Next least expensive is (in the long run) term insurance. Here you pay a fixed price (beware of indexation) for fixed cover for fixed term. I say its cheaper in the long run as, for longer terms, term insurance can be beaten for price by what is called "whiole of life" cover. Whole of life is usually reviewable after ten years and again (usually) after every subsequent five years. As it is reviewed after ten years the price would beat, say, a twenty year term policy but dont be fooled, in the long run my experience says youre best at going for normal term insurance policy. Have a look at Bestquote.ie for up to 75% of your first premium back. Hope this helps.  

 
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