Life Insurance Quote
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All Policies & Companies Compared, Best Price Guaranteed.
Apply Online or Call Us for Massive Discounts.
We’ll take care of it for you.
Life insurance is critically important because it provides financial security and peace of mind for you and your loved ones in the event of your untimely death. Here are several key reasons why having life insurance is essential:
Financial Protection for Your Family: Life insurance ensures that your family can maintain their standard of living without financial hardship if you are no longer there to provide support. It can help cover daily living expenses, mortgage payments, and outstanding debts, preventing financial distress during an already challenging time.
Debt Coverage: Life insurance can be used to pay off debts such as mortgages, car loans, and credit cards, ensuring that these obligations do not become a burden to your family.
Educational Expenses: It can provide for your children’s education, covering school fees, college tuition, and other educational expenses, ensuring that your children can continue their education uninterrupted.
Estate Planning: Life insurance can be a key element of estate planning, providing the funds needed to settle estate taxes and other associated costs swiftly. This helps in preserving the value of the estate you pass on to your heirs.
Income Replacement: If you are the primary breadwinner, life insurance serves as an income replacement, ensuring that your family’s financial needs are met and they can continue to pursue their dreams without financial strain.
Peace of Mind: Knowing that you have a life insurance policy provides peace of mind that your loved ones will be taken care of financially in your absence. This can relieve stress and allow you to enjoy your life to the fullest, knowing they are protected.
Overall, life insurance is not just about money; it’s about ensuring ongoing support, security, and peace of mind for those you care about most when you are no longer there to provide for them.
We’re living longer than previous generations. Upon retirement, on average we will have 20-30 years of retirement. A pension plan will make sure you’re financially sound for these years. Whether you wish to travel, retire to the country, or spend time with your children & grandchildren.
Whole of Life Insurance: Whole of Life insurance, also known as permanent life insurance, provides lifelong coverage and includes a death benefit along with a savings component known as cash value. This type of insurance remains in force for the insured’s entire life, provided premiums are paid as required. The cash value component grows over time at a guaranteed rate and can be borrowed against or used to pay premiums. Whole of Life insurance is ideal for those seeking consistent coverage with an additional investment element that accumulates value, making it a useful financial planning tool for estate planning or wealth preservation.
Level-Term Life Insurance: Level-Term Life Insurance is a type of term insurance where the premium and death benefit remain constant or “level” for a specific period, typically ranging from 10 to 30 years. This policy does not include any investment components and simply provides a death benefit. It is designed to offer financial protection during a period when the financial burden of losing the insured would be particularly high, such as while raising children or paying off a mortgage. Level-term insurance is popular for its affordability and simplicity, providing substantial coverage at low cost without any cash value accumulation.
Indexation in life insurance is a feature that automatically adjusts the value of the policy’s benefits annually to keep pace with inflation, typically by using a consumer price index or a fixed percentage rate to ensure that the coverage remains sufficient over time.
Convertible life insurance is a feature typically associated with term life insurance policies that allows the policyholder to convert their term insurance into a permanent life insurance policy without needing to undergo a medical exam or provide further evidence of insurability. This conversion can be done regardless of any changes in the policyholder’s health, occupation, or lifestyle that may have occurred since the initial policy was purchased.
Key aspects of convertible life insurance include:
Flexibility: The option to convert offers flexibility as it allows individuals who may have initially chosen term life insurance for its affordability to switch to a permanent policy that provides lifelong coverage and other benefits, such as cash value accumulation.
Guaranteed Convertibility: The conversion feature is typically guaranteed under the terms of the policy, meaning the insurer cannot refuse the conversion based on the policyholder’s health or other factors. There is usually a specific period or age limit by which the conversion must take place.
No Medical Exam Required: One of the main benefits of convertible life insurance is that the policyholder does not have to undergo a new medical examination for the conversion, which can be crucial for those who have developed medical conditions since the term policy was issued.
Cost and Premiums: Upon conversion, the premiums will generally increase because permanent life insurance covers the insured for their entire life and often includes a savings or investment component. The new premiums are typically based on the policyholder’s age at the time of conversion but use their original health classification.
Convertible life insurance is especially suitable for younger adults who may need more substantial coverage in the future as their financial responsibilities grow but prefer the lower cost of term insurance in the early years. It provides a safety net by ensuring they can obtain permanent life insurance later, regardless of future health changes.
Tax free payout on diagnosis of up to 40 critical illnesses.
Pays you a replacement income if you are unable to work due to illness or injury.
Here at LowQuotes, we want to ensure that our customers achieve all their financial goals, no matter what stage of life they are at. If you have a passion for connecting with people and aspire to thrive in a culture built on trust, integrity, dedication, and excellence, this could be the perfect fit.
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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.