A Night Out
Dinner and drinks with friends can easily run €100 or more in Ireland, especially in Dublin.
While it’s great to enjoy these nights, you could secure a month (or more) of life insurance premiums for the same price.
Cigarettes and Vape
Cigarettes not only take a toll on your health but also on your wallet. A pack-a-day smoker in Ireland can easily spend hundreds of euros each month on cigarettes, far exceeding the cost of a basic life insurance policy.
With the Budget 2025 changes, the most popular category of cigarettes will cost €18.05 per pack. For someone smoking ten cigarettes per day (half a pack), the monthly cost would be approximately €270.75, adding up to about €3,249 per year at the new price of €18.05 per pack.
It’s worth mentioning that smoking can also make your life insurance premiums more expensive. By quitting smoking, you not only save on the cost of cigarettes but also guarantee cheaper life insurance premiums, making it a win-win for your health and your financial future.
Reasons to Get Life Insurance in Your 20s and 30s
Financial planning is crucial for young adults, and life insurance is an essential part of this planning. Even though it might seem early, purchasing life insurance in your 20s and 30s has a number of important advantages that can bring stability and comfort in the long run.
- It’s Cheaper at a Younger Age
- It’s Easier To Get Approved
- It Can Cover Funeral Costs and Expenses
- It Provides Financial Security For Those Relying on Your Income
- Paying Off Debts and Loans
- It Provides Benefits While You’re Alive
Learn more by reading our article, Why Life Insurance is More Important Than Ever for Young Adults.
Why You Should Consider Life Insurance
Peace of Mind: Knowing that your children will be taken care of provides immense peace of mind. As a mum, you already juggle countless responsibilities. Life insurance removes one big worry, allowing you to focus on creating happy memories with your children.
Financial Stability: Life insurance provides a financial safety net for your children. In the unfortunate event of your passing, a life insurance policy ensures that your children have the financial support they need. This support can cover everyday expenses, educational costs, and even future milestones like college or buying their first home.
Protection Against Debt: If you have any outstanding debts, such as a mortgage or personal loans, a life insurance policy can help ensure that these debts don’t become a burden for your children. It allows you to leave a legacy of financial stability rather than debt.
Add Serious Illness Cover to your Life Insurance for comprehensive protection
You can add Serious Illness Cover to your Life Insurance or Mortgage Protection policy, which pays out a lump sum if you are diagnosed with a specified serious illness.
If you add serious illness cover to your Mortgage Protection or Life Insurance when the payment is made, the life cover amount is reduced accordingly. This is also called accelerated serious illness cover.
Alternatively, you can buy Serious Illness Cover as a separate policy. It’s called Standalone Serious Illness Cover and it means it is taken out as a separate policy and is completely independent of any life protection you might purchase or already have. It is sometimes called additional, separate, or double cover.
To understand better, read our detailed article about Serious Illness Cover where we explain everything in depth.
Get a Life Insurance Quote
If you think life insurance is too expensive, it might be time to compare it to other things you spend money on. Many life insurance premiums cost less than everyday expenses like takeaways, streaming subscriptions, or coffee runs, yet provide a crucial safety net. By investing a small amount each month, you can protect your family’s financial future, ensuring they’re supported and free from your debts if something happens to you.
Let us handle the hard work of finding life insurance that fits you perfectly. We’ll shop around with Ireland’s top providers to secure the best coverage and prices tailored to your needs. Plus, we’ll help you determine the ideal life cover amount for your unique circumstances, so you can feel confident you’re fully protected at the right price.
We also provide various financial services, such as mortgages, serious illness cover, income protection, pensions, financial planning, health insurance, and savings & investments.
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