Compare Life Insurance Quotes

Life Insurance Quotes

    Get Ireland’s lowest cost life insurance quotes in a matter of just seconds! Our free online quotes comparison calculator, instantly compares all the leading term life insurance quotes in Ireland, offering you the best life insurance coverage, at the cheapest fixed price! Application is also quick and simple and as regulated discount financial brokers we promise to beat any market quote, so simply fill in your details below and make your application now!

Life Insurance Quote Details

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Compare life insurance quotes with Ireland's most comprehensive life insurance quotes comparison calculator.

Our free easy to use life insurance quotes calculator lets you easily compare quotes from all of Ireland’s leading insurers, including Aviva, Irish Life, New Ireland, Royal London, and Zurich Life.

Whether you’re looking for single, joint, or dual life insurance or life insurance with added serious illness cover, you can quickly find the lowest-priced and most comprehensive cover to meet your needs.

We are a regulated, impartial and secure financial broker meaning that you can rest assured that our quotes are up-to-date, accurate and reliable.

Watch this short video to learn more!

Compare Life Insurance Quotes – Frequently Asked Questions

What is Life Insurance?

Life Insurance is an insurance policy that pays a lump sum in the event that a person insured dies during the course of the policy term. It is possible to choose a Single Life, Joint or Dual Life Cover policy. It is also possible to use life insurance to protect a mortgage loan, your family, or even your business.

Where there are 2 people on the policy, a joint policy will only pay-out on the first claim and the policy ceases. On dual life policies, the policy continues to allow a second claim pay-out.

What are the different types of life insurance?

There are 3 main types of life insurance: Reducing Term, Whole of Life and Level Term.

Reducing Term – Used to protect certain regular Mortgages & Personal or Business Loans – see also mortgage protection.
Level Term – Used to protect a family, or business against loss of income, as well as to protect mortgage loans.
Whole of Life – Used to fund for inheritance tax payment – see estate planning.

Which life insurance compnay is cheapest in Ireland?

Getting the cheapest life insurance in Ireland depends on the type of life insurance policy you need, however for straight forward family protection, Royal London offer the cheapest priced term life insurance in Ireland. You can’t go directly to them, so you must use a broker and then your chosen broker can then offer you an additional discount.

Royal London already operates as an Irish registered company in Ireland, so you need not have Brexit concerns.

Here at One Quote Financial Brokers, as standard, we offer a 20% discount on the cheapest standard market term life insurance price, through Royal London!

How does including Serious Illness cover work?

Should you choose to add serious illness cover to your life insurance policy you will also be covered for a tax-free lump sum payment in the event of a serious illness claim on one of up to 91 specified serious illnesses. Your policy quote will be on a “life & accelerated serious illness cover” basis meaning that a serious illness claim payout acts as an advance payment of your chosen life cover amount.

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Why should I opt for Level Term Insurance?

Many people think that will live to a ripe old age so life insurance is pointless unless it lasts however long they do. However few people understand that (1) Term Life Cover can last to age 91 next birthday (2) Term life insurance is much cheaper than whole of life insurance (3) Life insurance is not just about covering funeral costs, but much more about protecting your dependants against the loss of your income.

We recommend a higher level of cover up to retirement age and then reducing your cover down in old age and to allow this level of flexibility to include a conversion option in your quote. However, if you’re already retired and you are more concerned about funeral cover then compare the cost of whole of life insurance against term life insurance and opt for what’s affordable!

Is a life insurance pay-out tax-free?

Life insurance benefit is paid out as a tax-free lump sum. Joint and Dual life policies are paid directly to the second life assured and are always tax-free, as they don’t form part of your estate. Typically, unless you leave a very large estate on your death, your spouse will not have to pay tax on the life insurance pay-out.

However, anyone who inherits the money after your death, depending on their relationship to you, may have to pay inheritance tax. How much tax they pay depends on how much they inherit and Revenue rules at the time of your death. If you have a large estate, you can buy a specific type of life insurance policy, to provide a tax-free lump sum to cover any inheritance tax liabilities that your beneficiaries may have when you die.

Will a life insurance claim pay-out, go directly to my wife/family?

If you arrange a policy on your own life only, the benefit is paid directly to your estate and distributed in accordance with your will. Alternatively, you can arrange the policy in trust for payment to whoever you have named as the beneficiary, once the insurer has received proof of your death.

If your spouse or partner takes out a policy on your life, the benefit could be paid to them without going to your estate. If you have a 2 person policy the benefit is usually paid directly to the surviving policyholder named on the policy.

Is nictonine replacement use considered non-smoking?

No. If you have given up tobacco smoking for over 12 months, but you are still using e-cigarettes or any other nicotine replacement products you will still be charged smoker rates. However, once you stop nicotine replacement and tobacco for 12 consecutive months you are eligible for non-smoker rates!

How much life cover do I need?

For family protection purposes, the lump sum provided by your policy should be ideally invested to provide an income over a set time frame. For example, based on current interest rates €450,000 life cover would provide an income replacement of circa €30,000 for 20 years.

On average, your total amount of life cover should equate to 2/3rd of net annual income multiplied by your number of years to retirement. Include a continuation option to review and extend cover beyond this.

For how long can I be covered?

You can choose the length of time for which you want life cover up to a maximum age of 90 next birthday. If you choose a shorter term, to say retirement age, you can include a continuation option to extend your cover later.

What’s the difference between joint and dual cover?

Joint cover means the policy will only pay-out one time only on the first to claim of the 2-people covered.

Dual cover will pay out again if a subsequent claim occurs during the policy term.

Joint cover is more suited to mortgage loan cover and dual cover to family protection. Dual cover also allows for different levels of cover on each person as required, so in effect offers better and more flexible cover, at very little extra cost.

What is a continuation option?

For a small additional cost, a continuation option is a very valuable benefit which allows you to extend your cover under a new policy. You can use this option at any stage throughout your policy term, without having to provide any fresh evidence of health.

Is the premium fixed?

Yes, we quote only guaranteed premiums without reviews. If you choose to inflation protect your cover (3% per annum) by including indexation, the cost will also increase at an average rate of 4% per annum dependent on the insurer.

How does including Serious Illness cover work?

We automatically quote “Accelerated” cover, where a serious illness claim reduces the life cover by the serious illness cover amount. Should you require independent life and serious illness cover levels, please contact us.

How do I compare life insurance quotes?

Comparing life insurance quotes is easy with One Quote! Just fill in some simple details such as your age, the amount of cover you want, and the term the policy should run for using our online comparison service, and we’ll compare policies from all the main insurance providers in Ireland and produce your best value quote in just seconds.

How do I apply for my life insurance policy online?

Once you run your quote, we will email you full cover details along with your online application form. Simply follow the instructions in this email, on how to apply by telephone and email. It will also include a link to your Customer Guide so that you can easily check out your coverage options!

How long will my life insurance quote remain valid?

Your life insurance quote will remain fixed until your next birthday occurs. Once your life insurance policy starts your premium remains fixed unless you increase your cover level.

Will I have to do a medical?

Typically there is no need to do a medical. However, if you are seeking a very high level of cover for your age, or for applicants with a serious ongoing medical condition, a medical exam may be needed. If this is a concern, its best to be upfront and give us a call and we will quickly be able to tell you, what extra medical information will be sought.

Why choose OneQuote.ie to compare life insurance quotes?

Comparing life insurance is made easy with One Quote! You just fill in some simple details such as your age, cover amount, and your policy term and our online comparison service we’ll compare policies from all of Ireland’s main providers to produce your best value quote in a matter of seconds.

We also offer easy online application with digital signatures and the best price is guaranteed. All life policies offered are free from premium reviews and come with a personal product suitability statement.

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