Life insurance is personal insurance to your family or dependents which pays a lump sum when you die.
Life insurance in Ireland will pay out a tax free lump sum to your dependents or to your estate.
Term life insurance pays out if you die during the term of the policy.
Whole life insurance is guaranteed to pay out when you die, as long as you pay your premiums.
Table of Content
What is single life insurance?
Single life insurance is life insurance that covers the policyholder only.
It will pay out one lump sum on the death of the policyholder and then ceases to provide any further cover.
Who offers single life cover in Ireland?
When does single life insurance pay out?
Single life insurance will pay out a lump sum (or sometimes a regular income )after the policyholder dies.
Who should have single life cover?
Anyone can take out a single life cover policy but the policies are particularly suited to certain people.
How Compare Insurance Works
We compare all insurance options so you can be sure you’re always getting the best deal.
1. Select Your Product
Simply select the insurance product you need a quote for e.g. life, home or health insurance.
2. Online Quote Form
Fill out one of our simple online assessments with your insurance details.
3. Free Quote Consultation
A qualified financial advisor will call you back for your free insurance quotation.
Benefits of Single Life Cover
The key benefit of single life insurance is that it will pay out a lump sum to replace your income and provide financial protection to those you leave behind when you die.
The level of cover you choose will depend on your individual circumstances ie. your family situation, your levels of mortgage or debt, and what you can afford.
Level term life insurance policies will pay out a fixed amount for the length of the term you are covered for.
Decreasing term life insurance means that the amount you are covered for decreases over the life of the policy, usually this is used for say a mortgage that decreases over time.
Increasing term life insurance means that the amount you are covered for increases over time to combat inflation and increases in the cost of living.
What is the difference between single life and joint life insurance?
Single life cover will cover the life of the policyholder only and pay a lump sum on the death of their death.
Joint life cover will cover the life of two policyholders with the policy paying a lump sum on the death of one of the policyholders, after which the policy is no longer in place.
Dual life cover covers the life of the two policyholders and will pay out twice if both of them die during the term of the policy.
Can single life be whole life or term life?
Yes, you can purchase term single life insurance or whole of life single life insurance ( also known as life assurance). Choosing which is right depends on your circumstances and how much you can afford.
How much is single life cover?
* Example 1 – Single life insurance, age 27 years, no smoker, €250,000 over 40 years.
* Example 2 – Whole of life insurance, single life, age 32, no smoker, €350,000
* Example 3 – Single and joint life insurance, both age 51, smokers, €200,000 over 20 years.
* Example 4 – Single life insurance, age 37, non smoker, €450,000 over 37 years.
* Example 4 – Single life insurance, age 63, non smoker, €50,000 over 20 years.
Compare all single life insurance providers to get the best possible deal on your premium.
| Insurer | Example 1 | Example 2 | Example 3 | Example 4 | Example 5 | |
|---|---|---|---|---|---|---|
| VHI | €25.99 | – | Single €131.14 / Joint €236.74 | – | 53.24 (17 year term only) | |
| Laya | €22.15 | – | Single €117.04 / Joint €208.71 | €58.61 | – | |
| New Ireland | €23.23 | – | Single €129.04 / Joint €220.54 | €47.85 | €48.96 | |
| Aviva | €22.40 | – | Single €116.99 / Joint €206.29 | €59.81 | €59.34 | |
| Irish Life | €24.95 | €305.45 | Single €144.20 / Joint No quote | €68.38 | €63.14 | |
| Royal London | €19.30 | – | Single €106.18 / €197.72 | €52.33 | €51.92 | |
| Zurich | €19.00 | – | Single €99.17 / Joint €180.50 | €51.51 | €51.17 |
Quote data accurate as of April 12th 2023
Free Service
All information is provided free of charge to the public, we do our best to keep all the information up to date and accurate.
Unbiased Information
Our information is provided free of charge and without any bias. Unlike other comparison sites we do not have preferential deals with any particular insurance company.
Vetted Insurance Partners
Our Central bank regulated insurance partners are vetted for customer service and expertise, so you know you’re always getting the best advice possible.
Single Life Insurance Calculator
The price you pay for life insurance depends on a number of factors such as level of cover, term of policy, age, whether you are a smoker, your lifestyle and whether you require additional cover.
Get a single life insurance quote today.
To get the best of idea of what is covered and roughly how much life insurance will cost you why not get an obligation free quote today using our quote generator tool here.
We look at all of the insurance companies in the marketplace so you don’t have to – some quote generation tools will only give you a quote from a list of companies they work with – we look at all of the products available.
