Whole of Life Insurance

Ensure financial security for your whole life.

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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.

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.

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

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.

Google Reviews

LowQuotes.ie
4.9
Based on 1356 reviews
OON 1.
OON 1.
I had the pleasure of Dealing with Neil and what a gentleman he is and so patient with all my questions. He didn’t make me feel like I was annoying although I probably was ! 🙈 his knowledge and advice was much appreciated and will definitely be recommending to family and friends. 🌻
colin R.
colin R.
We can't thank Tiernan enough he has gone above and beyond for us. He made the process so quick and easy for us even through the most stressful parts. He is very quick with communication and if there are any issues or problems he is fixing it immediately. So glad to have worked with him and have passed his details to many colleagues at work.
Bilal A.
Bilal A.
Aoife Morgan thank you for all the special service you give. It's nice to know that you care, I got a better price and better service for my insurance needs, I enjoyed dealing with you on my insurance.
susan T.
susan T.
Rachel Fennin was very nice, and very helpful in helping me choose my plan ...overall excellent customer service 👏
Sinead O B.
Sinead O B.
Shaun was extremely good at going through my options and helping me pick a plan that suits my family. I will definitely be reassuring my other policies with LowQuotes
Dean M.
Dean M.
Sinead and I recently got our mortgage through Lowquotes.ie, and to say we are grateful is an understatement. Bernadine was just amazing from start to finish and left no stone unturned. She was with us every step of the way and made sure we were well-informed, helping us with all the paperwork that was needed and guiding us in the right direction whenever necessary. It was a pleasure dealing with Bernadine and Lowquotes, a company that is the best in the business. Thank you.I would recommend using Lowquotes.ie for your mortgage or any insurance queries.
Response from the owner: Hey Dean,We’re delighted to hear about your positive experience with Bernadine. It’s great to know she was able to guide you and Sinead through the entire mortgage process and provide the support you needed every step of the way. We aim to make everything as smooth and stress-free as possible, so your kind words truly mean a lot!If you ever need assistance with anything else – from mortgages to protection or insurance – we’re just a message away.Best Regards,LowQuotes Team
Rabiat M.
Rabiat M.
Bernadine turned what once felt impossible into a beautiful reality. Her expertise, dedication, and passion for her work truly set her apart. It’s clear she genuinely loves what she does, and it reflects in every step she took with us. Thanks to her unwavering support and professionalism, we now have a place we can proudly call home. She didn’t just help us find a house, she helped us begin a new chapter.
Response from the owner: Hey Rabiat,We’re delighted to hear about your wonderful experience with Bernadine. It’s amazing to know that her dedication and support helped turn things around and made the journey to your new home such a positive one. We’re so glad she could be part of this important chapter in your life. Your kind words mean a lot to us! If you ever need anything else in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team.
Megan C.
Megan C.
Highly recommend Low Quotes Conor and Courtney could not have been more helpful in supporting myself and my partner to get life insurance for our mortgage. They went above and beyond to get it over the line in a very timely manner to ensure we could close on our original date!!
Response from the owner: Hey Megan,We’re delighted to hear about your positive experience with Conor and Courtney. It’s great to know they were able to support you and your partner through the life insurance process and go above and beyond to ensure everything was sorted in time for your mortgage closing. We aim to make the journey as smooth 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.
Kallamm M.
Kallamm M.
I could not recommend Ross enough for the help and professionalism he demonstrated when helping my partner and I get life cover. He explained each step in great detail and was really easy to get on with. Ross was able to suit any calls into my schedule which was a big help.
Response from the owner: Hey Kallamm,We’re delighted to hear about your positive experience with Ross. It’s great to know he was able to explain everything clearly and work around your schedule to help you and your partner secure life cover. 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.
Patrick V.
Patrick V.
Couldn’t recommend Niamh enough, she was beyond helpful in my first home purchase. Couldn’t have done it without her help. Communication was spot on and everything was done quickly with great clarity.
Response from the owner: Hey Patrick,We’re delighted to hear about your positive experience with Niamh. It’s great to know she was able to support you through your first home purchase and make everything clear and stress-free. 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
Steve O
Steve O
Policy options very clearly explained.I was going with a different company until our call.Great serviceThank you Shaun
Response from the owner: Hey Steve,We’re delighted to hear about your positive experience with Shaun. It’s great to know he was able to clearly explain the policy options and help you feel confident in choosing us. 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
Lisa M.
Lisa M.
Ross really took his time to accommodated my busy schedule while getting me the best deal possible. It was really appreciated.
Response from the owner: Hey Lisa,We’re delighted to hear about your positive experience with Ross. It’s great to know he was able to accommodate your busy schedule and secure the best deal for you. 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
Mohmmed D.
Mohmmed D.
Excellent service specially Cormac has been amazing, highly recommended.
Response from the owner: Hey Mohmmed,We’re delighted to hear about your positive experience with Cormac. It’s great to know he’s been amazing throughout the process and that you’d highly recommend our service. We aim to make everything as smooth and clear as possible, so your feedback truly means a lot!If you have any further questions or need assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Laura W.
Laura W.
I cannot recommend Low Quotes highly enough. In particular Niamh. Niamh was with me from start to finish on my mortgage/insurance journey and the service I received from Niamh was simply exceptional. Her dedication, support and professionalism shown to me throughout my journey was just amazing. Niamh took the time to understand my needs and getting me the best deals on the market and for that I will be forever grateful. Her knowledge and expertise of the industry is fantastic. Niamh is an amazing asset to Low Quotes.
Response from the owner: Hey Laura,We’re absolutely delighted to hear about your experience with Niamh! It’s fantastic to know she was able to support you throughout your mortgage and insurance journey and provide such a high level of care and professionalism.Niamh is indeed a huge asset to our team, and we’ll make sure your kind words are passed on to her. We’re so glad she could help you secure the best deals and make the process smooth and stress-free.If you ever need anything else or have questions down the line, we’re only a message away. Thanks again for the glowing recommendation!Best regards,LowQuotes Team
Vignesh C.
Vignesh C.
Friendly customer service and would recommend for sure.
Response from the owner: Hey Vignesh,Thanks a million for the great review! We’re delighted to hear you had a positive experience with our customer service. We always aim to make things as smooth and friendly as possible, so your recommendation means a lot to us. If you ever need anything else, don’t hesitate to reach out.Best Regards,LowQuotes Team
Andrew L.
Andrew L.
I dealt with a very professional and informative person Shaneen any questions that needed answering were answered and explained in a very detailed and also simple way ! Between the first phone call I felt that Shaneen was there to help me out with ever need and the best policy availableThank you once again ShaneenHighly recommended 10/10
Response from the owner: Hey Andrew,We’re delighted to hear about your positive experience with Shaneen! It’s great to know she was able to answer all your questions clearly and guide you toward the best policy. We’re all about making things as straightforward and helpful as possible, so your kind words mean a lot.If you ever need anything else, don’t hesitate to reach out.Best Regards,LowQuotes Team
Brendan D.
Brendan D.
Amazing service from Tiernan at LowQuotes. He made the process of getting a mortgage so much easier and was helpful the entire way.The LowQuotes portal is easy to use and user friendly, which made document organisation much easier.
Response from the owner: Hey Brendan,We’re delighted to hear about your positive experience with Tiernan! It’s great to know he was able to make the mortgage process easier for you and provide helpful support throughout.We’re also glad you found the LowQuotes portal user-friendly—it’s designed to keep things simple and stress-free, so your feedback means a lot to us! If you ever need any further assistance, don’t hesitate to reach out.Best Regards,LowQuotes Team
Craig D.
Craig D.
Ross Kirwan was great help. Flexible for my hectic schedule. Thank you.
Response from the owner: Hey Craig,We’re delighted to hear about your positive experience with Ross Kirwan! It’s great to know he was able to work around your hectic schedule and provide the support you needed.If you ever need any further assistance, don’t hesitate to reach out.Best Regards,LowQuotes Team
Jacques P.
Jacques P.
Fast speedy review online and a few good options provided a good all round service
Response from the owner: Hey Jacques,We’re delighted to hear you had a great experience with our online process! Providing fast and efficient service with a range of good options is exactly what we aim for.If you ever need any further assistance, don’t hesitate to reach out.Best Regards,LowQuotes Team
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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.