Free accidental death cover
by Admin
Posted on 29-09-2022 09:07 AM
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1. Acceptance criteria, terms and conditions apply. These monthly premiums are based on single life cover of €165,000 for a person aged 31 next birthday and a non-smoker, over a 10 year term, total amount €10. 06. Source: aviva life & pensions
ireland
dac as at july 2020. 2.
This is available for policies up to a maximum sum assured of €1,000,000. Where applicable, any additional forms required for medical evidence will require a signature. Aviva reserve the right to request a signed application at any stage prior to policy issue.
The type and amount of life cover you choose should be based on your individual circumstances and requirements. Typically, it’s important to have life cover in place if your death will have a financial impact on others. If you have a family and dependants, your death could be financially devastating to their finances. However if you have no dependants, you may just require minimal cover to pay your outstanding debts and ensure your affairs are left in order. A life cover payout can ensure: your mortgage is paid off when you die and your family is left with a home free from large monthly repayments.
Term life insurance benefit is paid out as a tax-free lump sum. 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. You can buy a specific type of life insurance policy, called a section 72 policy, to provide a tax-free lump sum to cover any inheritance tax liabilities that your beneficiaries may have when you die.
Term life insurance is the most straightforward form of life insurance. The price is fixed for your chosen policy term (max to age 91 next birthday) and the cover pays out a tax-free lump sum without fuss to your estate on death.
Looking for a life insurance quote?
Providing you at least 18 years of age and currently living in the uk and have spent at least 183 days in the uk in the last tax year, you can get a quote and apply for our life insurance. When you get a quote we'll ask you some personal details such as your date of birth and smoker status and you'll need to know how much cover you would like and for how long.
Our life insurance calculator can help you work that out. So if you're ready, you can get a quote today.
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