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 1548 reviews
Noel K.
Noel K.
Recently got mortgage protection from Aoife at lowquotes, she got us a great deal, was extremely helpful, explained everything clearly and answered all our questions no bother at all, I would highly recommend her
Ciara Mc D.
Ciara Mc D.
dealt with Cormac for my life insurance he was fantastic answered all my questions and helped me secure the best deal for my family and I. I would highly recommend him and this company they do all the hard work for you and get you fantastic deals at a fraction of the price.
Adrian M.
Adrian M.
Really happy with the service and help from Rebecca. She was so helpful. Would definitely recommend LowQuotes and Rebecca to anyone looking for life assurance.
Yassine B.
Yassine B.
I recently dealt with it, and I’m very happy with the experience. The process was smooth, professional, and clearly explained from start to finish.A special mention to Colin, the Financial Advisor, he was absolutely fantastic. Colin took the time to go through all the options with me, explained everything in a simple and honest way, and made sure I understood what was best for my situation. His professionalism, patience, and genuine care made the whole process easy and stress-free.
Derek L.
Derek L.
Everything went smoothly and efficiently. Aoife was kind and patient, taking the time to walk me through everything.
Sinead
Sinead
Excellent service and Rebecca was very helpful
Emma Mc E.
Emma Mc E.
Excellent service very professional and super friendly highly recommend Alan goes over and beyond for his customers
Tracy D.
Tracy D.
Fast and easy process
Ita F.
Ita F.
Would highly recommend. Rebecca put us at so much ease and was prompt in getting back to us with any questions we had.
Kumar D.
Kumar D.
Great service, LowQuotes Team is super supportive and special mention to Cormac Logue helping me with entire product explanation and which helped to go for correct/suitable product as per our current requirement.
Adrian T.
Adrian T.
I had a great experience with LowQuotes, and I’d like to give special thanks to Cormac Logue for making the mortgage protection process smooth and stress-free.His professionalism, responsiveness, and efficiency really stood out. Everything was handled quickly and clearly — I couldn’t have asked for better support.Highly recommend!
Roxanne S.
Roxanne S.
Great service, quick response, was very helpful in picking health insurance
Aisling M.
Aisling M.
Bernadine was consistently supportive throughout the whole journey applying for our mortgage. Even when it got stressful for us, Bernadine kept us grounded and on track.
Victor A.
Victor A.
I had an excellent experience with Low.ie. Maik who helped me was phenomenal, incredibly patient, friendly, and very helpful throughout the entire process. Maik took the time to explain everything clearly and made sure my wife and I got the best possible offer for life and illness insurance ⭐️ ⭐️ ⭐️ ⭐️ ⭐️.
Claire M.
Claire M.
Cormac was brilliant — friendly, patient, and really knew his stuff. Made sorting my life and assurance policy so much easier. Highly recommend!
Conor
Conor
Low quotes were fierce helpfully in sorting out a policy, the agent I dealt with Alan was thorough and helpfully would recommend
Brian H.
Brian H.
Cormac who I dealt with was so helpful, friendly and if he didnt know the answer he went off and found out and actaully rang me back, which is very unusal from any customer swrvice in this day and age. All very effcient and everything was explained very clearly
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
js_loader

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.

Meet our Team of Expert Advisors

Would you like to speak to an advisor?

Our award winning team is always here to help you.

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.

Related Products

Mortgage Protection

Pay off your Mortgage if you pass away.

Get your quote

Serious Illness Protection

Tax free payout on diagnosis of up to 40 critical illnesses.

Get your quote

Income Protection

Pays you a replacement income if you are unable to work due to illness or injury.

Get your quote

We’re proud to have been featured in Ireland’s leading media outlets, sharing insights on insurance, mortgages, and financial planning.

As seen on

You may be interested in...

Follow us on Social Media

For press, marketing, or partnership enquiries, please reach out to our Media & PR team.

Career at LowQuotes

Here at LowQuotes, we want to ensure that our clients receive the highest standard of service.  If you have a passion for connecting with people and aspire to thrive in a culture built on trust, dedication and excellence, please send us your CV below. 

No Fields Found.
insurance advisor

Quick Call Back

Enter your details below and a Financial Advisor will call you back promptly.

Contact Info

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.