Whole of Life Insurance

Ensure financial security for your whole life.

We compare Life Insurance from every provider in Ireland to give you the best price, guaranteed.

Get your Life Insurance Quick Quote Comparison today to avail of additional discounts.

Whole of Life Insurance

Whole of life insurance is an insurance policy that lasts for your lifetime, and is not limited to a term. When you pass away the policy will pay a lump sum payment to your family or dependents. It will also pay out immediately if you are diagnosed with a Terminal Illness. When you pass away, your family may also be liable for inheritance tax on your home and assets. This can be a huge burden to be left with, forcing them to borrow or sell part of their inheritance to cover their tax bill.

A Section 72 Whole of Life Insurance policy removes this burden and protects your loved ones from a large inheritance tax bill. Our Whole of Life Insurance has a Guaranteed Premium. Meaning your monthly payments will never change.

Main Benefits of Whole Of Life Insurance

  • Ensures financial protection for your loved ones throughout your life

  • Helps cover inheritance tax liabilities, ensuring more of your estate for your heirs

  • Builds cash value over time, useful for borrowing, emergencies, or retirement funding

  • Locks in premium rates, protecting against rising life insurance costs

  • Can be tailored with additional riders or benefits to enhance coverage

  • Quote, Apply, Sign, Online

LowQuotes.ie
4.9
Based on 1534 reviews
Helena D.
Helena D.
Very helpful explained everything really well
Sarah D.
Sarah D.
Seamus is one in a million, he went way above and beyond to help us we struggled with getting mortgage protection and he put both of us at ease every time we got anxious his bubbley personality, humour and honesty made our journey a joy ,thank you again Seamus your amazing at your job 🎉🙏
Geraldine M.
Geraldine M.
Thanks Aoife for taking the time and advice of best policy to take out
J M
J M
I had the pleasure of dealing with Alan Broderick who supported me with finding the best rates for my few policies and plans and I even ended up switching. Not only was this guy professional, he was also very easy going, empathic, and just had a very good understanding of how to support me with the best advice and products for my hard earned little money. This is rare in today's world of ever rising costs! And despite my annoying phone calls and never ending questions, he still remained patient and helpful.If you're looking for an advisor who is driven and knows his stuff, then look no further. I would highly recommend this gem. Thank you Alan for all your help.Joyce M - Dublin
isobel lawlor (.
isobel lawlor (.
We found Colin to be friendly, easy to deal with and very imformative.He explained every thing clearly and made sure we went with a policy that suited our needs.Would highly recommend
Elena A.
Elena A.
As first time buyers,we choose LowQuotes for our mortgage and life insurance and we are very happy that we did ,because from the very begining until the end Aoife Morgan guide and help us to choose the best offer for us .She help us with everything and answear to our questions in a very friendly and profesional way.We highly recomend her to help you on your way.
Kelley M.
Kelley M.
I highly recommend! Rebecca was fantastic, so kind and easy to talk to. She made the process easy and explained everything to me clearly. It was easy to get in touch when needed and Rebecca was so professional with returning calls etc ! Thank you so much
Debby S.
Debby S.
Rebecca Sharpe was excellent to communicate with. She explained the purpose and process of acquiring life insurance (as part of a mortgage application) so well. She was honest and helpful in answering all my questions. She was very knowledgeable and gave a range of options so I could get the most appropriate package for my personal situation. I would highly recommend her and LowQuotes as a result. Thanks!
Carmel S.
Carmel S.
Had great help from ColinSet up my life insuranceEasy no hassleThanks again
Response from the owner: Hey Carmel,We’re delighted to hear about your positive experience with Colin. It’s great to know he made setting up your life insurance easy and hassle-free! We always aim to make the process as smooth and straightforward as possible, so your feedback means a lot to us.If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Michael M.
Michael M.
Rebecca has been dealing with us over the past few days. Professional, friendly and Genuine are words that come to mind when describing the customer experience. Very helpful throughout and would recommend this company going forward due to Rebecca's help.
Response from the owner: Hey Michael,We’re delighted to hear about your positive experience with Rebecca. It’s great to know she was professional, friendly, and genuine throughout the process, and that her support made such a strong impression.We aim to make every interaction helpful and straightforward, so your feedback means a lot to us! If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Stephen D.
Stephen D.
I've been dealing with Seamus who helped me. Have to say, his professionalism, patience and his knowledge was fantastic, such an easy guy to talk to. Ended up going through Seamus and id absolutely recommend him. I hope this review gets to his manager, great guy! Thanks Seamus
Response from the owner: Hey Stephen,We’re delighted to hear about your positive experience with Seamus. It’s great to know he was able to guide you through the process with such professionalism, patience, and knowledge. We’re thrilled to hear how easy he made everything for you, we’ll be sure to pass your kind words along to him!We aim to make the process as smooth and understandable as possible, so your feedback means a lot to us. If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Shauna D
Shauna D
Had a very positive experience speaking with Rebecca Sharpe today, she was very helpful in discussing my options and made sure I understood the policy that I was getting and was very patient in answering any questions that I had. Highly recommend this service.
Response from the owner: Hey Shauna,We’re delighted to hear about your positive experience with Rebecca Sharpe. It’s great to know she took the time to explain your options clearly, ensure you fully understood your policy, and answer all your questions with patience and care.We aim to make the process as smooth and understandable as possible, so your feedback means a lot to us! If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
John A.
John A.
Highly Recommend, Dealing with Rebecca was fantastic.
Response from the owner: Hey John,We’re delighted to hear about your positive experience with Rebecca. It’s great to know she was able to explain everything clearly and make the process smooth for you. We aim to make every step as straightforward and stress-free as possible, so your feedback means a lot to us!If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Aisling K.
Aisling K.
Really happy with the service I received. Shaun was extremely helpful during this process as it can be fairly confusing. He made everything a much simpler process.
Response from the owner: Hey Aisling,We’re delighted to hear about your positive experience with Shaun. It’s great to know he was able to make the process clear and straightforward for you, especially when things can feel a bit confusing at first.We aim to make everything as simple and understandable as possible, so your feedback means a lot to us! If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Philip C.
Philip C.
We had the pleasure of dealing with Rebecca Sharpe who went above and beyond to accommodate us ensuring we understood all the policy benifits and calling us at a convenient time to allow us time to discuss which policy suited us best. Thanks Rebecca.
Response from the owner: Hey Philip,We’re delighted to hear about your positive experience with Rebecca Sharpe. It’s great to know she went above and beyond to ensure you fully understood all the policy benefits and took the time to accommodate your schedule.We aim to make the process as smooth and understandable as possible, so your feedback means a lot to us! If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Agnes C.
Agnes C.
Very positive experience with low quotes. Isabel in particular is fantastic to deal with.
Response from the owner: Hey Agnes,We’re delighted to hear about your positive experience with Isabel. It’s great to know she made the process smooth and straightforward for you. We’re thrilled to hear you had such a great experience with our team!We aim to make everything as simple and understandable as possible, so your feedback means a lot to us. If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Sophie P.
Sophie P.
Had my consultation with colin bailey on the phone and have to say he was amazing with everything, literaly spent an hour out of hes time explanining everything to me in detail to help leave my children set for life if anything were to happen to me, would highly recommend the company
Response from the owner: Hey Sophie,We’re delighted to hear about your positive experience with Colin Bailey. It’s great to know he took the time to explain everything in detail and help you feel confident about protecting your children’s future. We aim to make the process as smooth and understandable as possible, so your feedback means a lot to us! If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
graham D.
graham D.
From the initial application on line to dealing with Rebecca Sharpe on the phone, was seamless. She made applying and understanding the policy an easy transition, thanks for your help Rebecca very much appreciated.
Response from the owner: Hey Graham,We’re delighted to hear about your positive experience with Rebecca Sharpe. It’s great to know she was able to explain everything clearly and make the process seamless for your policy application. We aim to make the process as smooth and understandable as possible, so your feedback means a lot to us! If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
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Why Choose Whole of Life Insurance?

There are several reasons why individuals might opt for whole of life insurance over other types of policies:

  1. Lifetime Coverage: The most significant benefit is that it provides coverage for your entire life, ensuring that your beneficiaries will receive a payout regardless of when you pass away.
  2. Guaranteed Payout: Unlike term policies that may expire before your death, whole of life insurance guarantees a payout, offering peace of mind.
  3. Fixed Premiums: Many whole of life policies come with fixed premiums that do not increase as you age, making it easier to manage long-term financial planning.
  4. Cash Value Accumulation: Whole of life policies often include a savings component, accumulating cash value over time that you can borrow against or use for future financial needs.

Differences Between Whole of Life and Term Life Insurance

  • Duration: Whole of life insurance covers you for your entire life, while term life insurance only covers a specific period (e.g., 10, 20, or 30 years).
  • Premiums: Whole of life insurance generally has higher premiums due to the lifetime coverage and cash value component. Term life insurance premiums are typically lower but increase significantly if you renew after the term ends.
  • Cash Value: Whole of life insurance includes a savings element that builds cash value over time, which is not available in term life policies.
  • Guaranteed Payout: Whole of life insurance guarantees a payout whenever the policyholder dies, while term insurance only pays out if the policyholder dies within the specified term.

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Your Questions Answered

When you’re taking out a Whole of Life insurance plan, you choose the amount you want to be paid out on death.

You will then pay a set amount per month until you pass away. The policy then pays out a lump sum to your family. This premium never increases.

  • It pays a cash lump sum that could go towards covering any inheritance tax your family is liable for when you pass away. 
  • Your loved ones are financially protected when you pass away. 
  • You can choose optional benefits on top of your Whole of Life Insurance for added peace of mind.
  • It can be used to cover your funeral expenses no matter what happens.

If for any reason your circumstances change over time, such as no longer being able to afford your Whole of Life Insurance, or inheritance tax no longer being a concern.. You might decide to stop paying your premium before you die. Which normally means you get nothing back.

With a savings option – Provided you’ve had your policy for 15 years and consistently paid it, you are guaranteed money back if you cancel or stop paying your policy.

This option costs an extra 10% on your premium and must be included when you take out your policy – It cannot be added at a later date.

Your options are – Receive a reduced lump sum on death, or you can take an immediate cash payment.

Inheritance tax is a tax paid to Revenue when someone inherits either money, property or other assets such as land following a death. The recipient of the asset is the person responsible for paying the tax amount of 33%.

Surviving wives, husbands and legal civil partners do not fall under this category. They do not have to pay inheritance tax.

You can use your Whole of Life policy to help offset any inheritance tax liability.

Remember, we can always answer any questions you have regarding Inheritance tax and Whole of Life Insurance.

Starting at 18 years old, you can take out a Whole of Life insurance policy up to the age of 75.

Historical illness reviews by leading medical consultants are available. Also applies to future illnesses.

Please note that ALL nicotine replacement products, including vaping, are now classed as “Smokers”. 

The premium for your whole of life insurance will be affected accordingly.

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Coronavirus Covid 19 Information

We would like to assure our customers that although this Worldwide Pandemic has struck our Nation hard, we are still here for our new and existing customers. All phone calls and emails will be dealt with accordingly.

In the unfortunate circumstance that a customer contracts COVID-19 and dies, our life policies would pay out in line with our usual claims philosophy.

All Consultations will be held by Phone or Online via Computer/Smart Device to remove face-to-face interactions and keeping in line with social distancing guidelines recommended by the Government.

We at Lowquotes.ie hope you, your family and your loved ones stay safe & healthy in this time.