According to research conducted by Red C and Coyne Research on behalf of Irish Life, 1 in 5 adults intend to buy life cover this year. If you are one of these people and would like to know more about the types of cover available, here are the traditional types available to buy in Ireland:
TERM LIFE INSURANCE: This is the most popular. It pays your spouse, dependants or estate a lump sum if you die within a specified period of time, which you choose at the outset. It does not cover you for your entire life and this is the reason why it is cheaper than Whole of Life insurance.