Dual Convertible Term Life Insurance (with Indexation)
- Helping Hand Benefit
Royal London Insurance DAC
- A lump sum will be paid out if you die within the term of the policy
- Your premium will not change throughout the term of your policy
- This policy is suitable for family protection, business protection and interest-only mortgages
- You can increase the cover amount within 3 months of increasing your mortgage and moving house, getting married or having or adopting a child without having to provide evidence of your health
- First Months Cover Free
Quotation is valid for 30 days or until age next quarter (whichever is sooner). This quotation assumes that you are accepted by the insurance company at standard rates. Royal London Non-Smoker rates assume that you have not smoked or used any tobacco related products or nicotine replacement in the last 12 months. All premiums quoted include the 1% government levy. The minimum premium with Royal London is €15.15 per month or €181.80 per annum.
Terminal illness benefit
If you are diagnosed with a terminal illness and have less than 12 months to live, Royal London will pay the full amount of Life Cover as of the date of diagnosis.
A terminal illness is an illness where, in the opinion of the attending Consultant and Royal London's Chief Medical Officer, you will not survive the next 12 months.
Children's life cover
If a child of yours dies during the term of your policy, a sum of €5,000 will be paid out.
All of your children between the ages of 3 months and 18 (21 if he/she is in full-time education) are covered during the term of the policy.
Convertible
This option allows you to convert your cover to another policy without having to provide new evidence of health. You can use this option at any point over the course of your policy, up until the age of 70.
(If you are on a Joint or Dual policy, you can use this option up until the oldest person on the policy turns 70).
Indexation
Indexation ensures that your cover increases by 3% and your premium increases by 4% each year. This helps to protect the real value of your cover as time passes.
Helping Hand Benefit
Helping Hand Benefit gives you one-to-one personal support from your own Nurse Adviser from Red Arc, in order to help you and your family manage the effects that illness or bereavement can have. (In this context, ‘family’ means the spouse or partner of the Royal London Life assured and his/her children).
With over 15 years experience, Red Arc has a reputation for excellent service and can help with the provision of bereavement counsellors, speech and language therapists, face-to-face second medical opinion and more.
Additional person details
You have availed of Dual Life cover policy. With Dual Life cover, an independent payout is possible on both persons insured. For example, if one person makes a valid claim within the term of the policy, a payout will be made and the policy will continue for the second person. If the second person subsequently makes a valid claim during the term of the policy, a second payout will be made and the policy will cease. Under a dual life policy, each person can have a different level of cover.