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.

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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 1489 reviews
Antoinette L.
Antoinette L.
Fantastic advice from Shaun on life insurance and talked me through my requirement, such a fantastic company. He found a policy that better suited our needs for the same premium that we were paying.Highly recomend to everyone.
Jonathan D.
Jonathan D.
Aoife was extremely helpful and gave me advice through the details of different life insurance policies, advising what would be best for my family. Very professional, knowledgeable and pleasure to deal with
Robert B.
Robert B.
Simple & easy process that Colin Bailey help us navigate through with ease.
Sabrina
Sabrina
I highly recommend LowQuotes for Mortgage Protection or any other financial matters you are dealing with. We dealt with Ross Kirwan and he was brilliant. Explained in detail the different products and got us the best quote for our mortgage protection. He surely made the process a whole lot easier. Definitely recommend him and LowQuotes if you need a mortgage protection.
Response from the owner: Hey Sabrina,We’re delighted to hear about your positive experience with Ross. It’s great to know he was able to explain everything clearly and secure the best deal for your mortgage protection. 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
Niamh H.
Niamh H.
I dealt with Rebecca and she made the whole process easy to understand and not confusing, unlike other mortgage protection providers I had already dealt with. I couldn’t recommend Rebecca at Low Cost Quotes more, they really have your best interests at heart which is refreshing!
Response from the owner: Hey Niamh,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 easy to understand compared to other providers. We always aim to put our clients’ best interests first, so your feedback really means a lot to us! If you need any further assistance in the future, don’t hesitate to reach out.Best Regards,LowQuotes Team
Jane C.
Jane C.
We worked with Niamh to get our mortgage and had a great experience.
Response from the owner: Hey Jane,We’re delighted to hear about your positive experience with Niamh. It’s great to know she was able to explain everything clearly and secure a great deal for your mortgage. 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
Harsh S.
Harsh S.
Great support provided by Aoife during the whole process!
Response from the owner: Hey Harsh,We’re delighted to hear about your positive experience with Aoife. It’s great to know she was able to explain everything clearly and support you throughout the process. We aim to make things 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
Karen P.
Karen P.
Rebecca was very helpful and informative and easy to deal with, she explained the whole process in detail and followed up regularly, thanks for making it easy Rebecca
Response from the owner: Hey Karen,We’re delighted to hear about your positive experience with Rebecca. It’s great to know she explained everything in detail and kept you updated throughout the process. We aim to make things as easy and clear as possible, so your feedback really 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
SarahJane M.
SarahJane M.
We worked with Aoife, who helped us navigate setting up our Life Insurance for our new home. Aoife was amazing! Throughout the whole process she was really informative, worked around our schedules and always followed up promptly with any questions we had. She found us the right policy for us and got everything set up in record time.
Response from the owner: SarahJane McGuigan3 reviews • 0 photosstarstarstarstarstar 3 days ago NewWe worked with Aoife, who helped us navigate setting up our Life Insurance for our new home. Aoife was amazing! Throughout the whole process she was really informative, worked around our schedules and always followed up promptly with any questions we had. She found us the right policy for us and got everything set up in record time.
Clodagh L.
Clodagh L.
Shaun was very pleasant and informative on the phone discussing healthcare plans and offering advice on the most suitable form of cover!
Response from the owner: Hey Clodagh,We’re delighted to hear about your positive experience with Shaun. It’s great to know he was able to explain everything clearly and offer helpful advice on the most suitable healthcare cover 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
Seamus L.
Seamus L.
Ross Kerwin was a great help to us. He laid out everything is easily relatable terms and answered all our questions . He went above and beyond to get us the best deal which we greatly appreciated. We wouldn’t hesitate for a second to recommend him and Low Quotes.
Response from the owner: Hey Seamus,We’re delighted to hear about your positive experience with Ross. It’s great to know he was able to explain everything in clear, relatable terms and go above and beyond to 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
Adam R.
Adam R.
Rebecca was great from start to finish!
Response from the owner: Hey Adam,We’re delighted to hear about your positive experience with Rebecca. It’s great to know she was able to support you from start to finish and make the process smooth. 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.
Spoke to a very friendly and helpful guy, Ross Kirwan was a real gentleman and helped me with the process which was quick and pain free.
Response from the owner: Hey Stephen,We’re delighted to hear about your positive experience with Ross. It’s great to know he was able to guide you through the process and make it quick and stress-free. We aim to keep things as smooth and simple as possible, so your feedback 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
Mohamed N.
Mohamed N.
Ross has been absolutely brilliant from day one. He’s super easy to chat with, explained everything in a way that made sense, and was always quick to reply to our emails. Having him guide us through the mortgage protection side of things from July to mid-August really took a lot of the stress out of the process. We felt really looked after. Thanks again, Ross!
Response from the owner: Hey Mohamed,We’re delighted to hear about your positive experience with Ross. It’s great to know he was able to explain everything clearly and make the mortgage protection process smooth and stress-free. We always aim to take the pressure off and make things easy to understand, 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
Philson T.
Philson T.
I delt with Ross. He was very helpful and supportive and easily reachable. I very much recommend him.
Response from the owner: Hey Philson,We’re delighted to hear about your positive experience with Ross. It’s great to know he was helpful, supportive, and easily reachable throughout the process. We aim to make everything as smooth and straightforward as possible, so your recommendation 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
nicole M.
nicole M.
Aoife Morgan was spectacular, such a great help and made the whole process stress free.
Response from the owner: Hey Nicole,We’re delighted to hear about your positive experience with Aoife. It’s fantastic to know she was able to make the whole process stress-free and provide such great support. We always strive to keep things simple and smooth for our clients, so your feedback means a lot to us! If you need any further assistance in the future, please don’t hesitate to reach out.Best Regards,LowQuotes Team
Andrea G.
Andrea G.
We had a great experience with Rebecca. She was very kind and patient with us, always available when we contacted her and very helpful if we had any doubts
Response from the owner: Hey Andrea,We’re delighted to hear about your positive experience with Rebecca. It’s great to know she was kind, patient, and always available to help whenever you had questions. We aim to make the process as smooth and supportive as possible, so your feedback means a lot to us! If you ever need further assistance in the future, please don’t hesitate to reach out.Best Regards,LowQuotes Team
Cathy M.
Cathy M.
Rebecca was an absolute pleasure to deal with. She took the time to clearly explain every detail of our policy, making sure we understood and got the coverage we truly needed. On top of that, she secured us a fantastic deal on our life insurance, significantly better than what we had with our previous provider. Knowledgeable, patient, and genuinely helpful,Rebecca made the whole process stress free.
Response from the owner: Hey Cathy,We’re delighted to hear about your positive experience with Rebecca. It’s great to know she took the time to explain everything clearly and helped you secure such a fantastic deal on your life insurance. We always aim to make the process stress free and ensure our clients feel confident with their coverage, so your feedback means a lot to us! If you need anything further down the road, don’t hesitate to get in touch.Best Regards,LowQuotes Team
Chloe M.
Chloe M.
Dylan was an absolute pleasure to deal with. Every step was explained perfectly and Dylan was patient in allowing me to ask questions on anything I was unsure of. I would highly recommend, and I already have, several times! Thank you so much again.
Response from the owner: Hey Chloe,We’re delighted to hear about your positive experience with Dylan. It’s great to know he explained everything clearly and took the time to answer all your questions with patience. We really appreciate your recommendations – word of mouth is so valuable to us! If you need any further support in the future, we’re always here to help.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.