Guaranteed Whole of Life

Life Insurance for your entire life


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. 

It can also be used as a tax-free inheritance plan for your family, so as not to impact their inheritance (33% inheritance tax liability).

Our Whole of Life Insurance has a Guaranteed Premium. Meaning your monthly payments will never change.

You can fill out our easy to understand form for a free quote, or speak to one of our Qualified Financial Advisors who will provide you with a quotation.

Who can be covered with Whole of Life Insurance?

Single Cover

Only one person is covered under the policy. When the person insured passes away, The cover amount selected will be paid to the policy holders estate.

Dual Cover

Both people are covered equally under this policy and is a popular choice as it pays out on the first death and second death.

Joint Cover

Two people are covered under the one policy. But only pays out on one death. For example "Joint Life, First death" will pay out when the first person dies, and nothing when the second person dies.

Whole of Life Information

Frequently asked questions and answers

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.

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.

Please note that ALL nicotine replacement products, including vaping, are now classed as Smokers, and the premium for your whole of life insurance will be affected accordingly.

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.

You can take out a Whole of Life insurance policy up to the age of 75.

Need more information?

Call us for free. We’re always available to help.

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We are removing face-to-face interactions to keep in line with social distancing guidelines.

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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.