We compare all Irish Insurers to get you the best quote
What is the difference between a Guaranteed and a Reviewable plan?
A reviewable plan means that the premium is fixed only for a certain initial period. This means that the premium can be reviewed regularly by the provider after the plan has been put in place. The terms for implementing the review will be determined by the terms and conditions of the plan.
A guaranteed plan means that the premium payable will be guaranteed not to change throughout the term of the plan.
Where does my occupation fit in?
Your occupation is very important as some occupations will not be covered due to the nature of their work or may only be offered cover at an increased cost. Below is a table that will give you a good idea of what class your occupation falls into but it is not the definitive guide as there are some small differences between the various life companies.
Income Protection or Serious Illness Cover?
Serious illness cover pays a lump sum to you if you are diagnosed with any of the specified illnesses named in the plan. This lump sum can be used to pay off large loans, pay medical bills etc.
Income Protection provides you with a replacement income in the event that you are unable to work due to any accident or illness. With this policy you are covered until you can return to work or until retirement age if you unable to return to work.