Joint Level Term Life Insurance (with Indexation)
- Bonus Benefits
Zurich Life Assurance plc
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A lump sum will be paid out if you die within the term of the policy
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Your premium will change throughout the term of your policy
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This policy is suitable for family protection, business protection and interest-only mortgages needs to on all life insurance plans
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Additional Benefits include Guaranteed Insurability Option, Waiver of Premium and Reinstatement Clause
Quotation is valid for 7 days or until age next quarter (whichever is sooner). This quotation assumes that you are accepted by the insurance company at standard rates.
Terminal illness benefit
If you are diagnosed with a terminal illness your full life cover sum will be paid out. (This benefit ends twelve months before the end of the term you have chosen).
Parental respite cover
If your child dies during the term of your policy, a sum of €6,000 will be paid out
Indexation
Indexation ensures that your cover increases by approximately 3% and your premium increases by approximately 4.5% each year. The indexation rate only applies in year 2 of the policy. This helps to protect the real value of your cover as time passes.
Bonus Benefits
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Reinstatement Clause - This is an automatic additional benefit. You have 90 days to reinstate your policy after your first missed premium payment. Furthermore it can be reinstated even if an claim has arisen. However it cannot be reinstated if Zurich Life has received a written request from you to cancel the policy.