Life Income Cover
Income Paying Life Insurance – Frequently Asked Questions
Does the income level have to match my real income?
No, you can choose any level of monthly income within your affordable limits.
How long is the income benefit paid?
The selected monthly income is paid form date of death to the end of the policy term. For example, if you are now aged 35 and took out cover to age 65. If you died at age 55, the monthly income would be paid to your beneficiaries for the remaining 10 years.
If the benefit ends at the end of the policy term, what about the longer term?
To protect against loss of your income up to retirement age, the monthly income benefit applies and by including also lump sum cover alongside this, the lump sum could be used and invested for the longer term.
Does OneQuote.ie offer discount on this plan?
Yes, OneQuote.ie discount standard market premiums by up to 15%.
Are there any additional complimentary benefits with this plan?
Yes, this policy made available through Zurich Life automatically y includes; Accidental Death Benefit at application stage, Free Children’s Life cover, Guaranteed Insurability and Terminal Illness Benefit.
Will I have to do a medical?
Dependent on your age and the level of cover, or an existing medical condition, the insurance company may write to your GP for a medical report and in some but few cases, also ask for a medical exam. If such medical information is required, there is no cost to you and you well are informed immediately.
I have an existing medical condition will this affect the price?
It really depends on the condition and its severity and whether you have more than one medical condition and also on family history. Is application being individual, so we recommend calling us to discuss any such concerns in advance of running your quote.