What is Life Insurance?
Life insurance is a type of insurance policy that will pay out the amount insured to the policy’s beneficiary in the event that you become seriously ill or pass away.
A policy can be taken out for a specified term or for the entirety of your life. If you take out life insurance on yourself, the proceeds of the policy will go to your estate and will be distributed in accordance with your will after any debts have been cleared.
However, if you take out a life insurance policy and specify one of your dependents as the beneficiary, the policy proceeds will be paid directly to the beneficiary.
How Does Life Insurance Work?
A life insurance policy might be something that you’ll consider incorporating into your financial plans. There are various different types of life insurance cover available which will have different levels of protection for your loved ones, providing them with the financial support they need.
Your life insurance policy can cover a range of different expenses left to a family member or loved ones including mortgage repayments, bills, childcare, education and day to day living.
If you have a life insurance policy, you may not have to also take out mortgage protection insurance, as you could already be covered. However, your mortgage insurance will only cover your mortgage and will not protect your family from other expenses, if you were to become ill or pass away.
Protection for Your Family
Keep your family financially protected no matter what happens in life
Secure the lives of the people that you love the most
Peace of Mind
Get on with your life knowing that your family will be looked after nevertheless
Best price guarantee*
Cover options to suit your needs.
Convertible and indexation options.
Additional product benefits
Life Insurance FAQs
In most cases, medical examinations are not required for life cover applications. However, in some instances – if you require a very high level of cover or if you have a non-standard medical history, you may have to attend a medical examination. Your Financial Advisor will be able to advise you on this.
No, it is important that you seek independent advice from a Financial Advisor before purchasing a financial product. For example, you are under no obligation to buy life insurance and mortgage protection from your lender. Your Financial Advisor will be able to ensure the product you get is suitable for your needs and is the most cost-effective solution for you.
It is advisable to review all your financial and insurance needs regularly, at least yearly. This is because life and personal circumstances change, as do priorities and needs. Therefore, a regular review of your circumstances is recommended, and your Financial Advisor can help you with this.
The main factors which will influence the cost of Life insurance are:
- Age – generally, the older you are, the higher the cost of Life insurance.
- Type of policy – if the policy is for the whole of life, it may be more expensive than a term policy which is for a specified time.
- Health condition and family medical history may impact the cost
- Death benefit amount – this is the amount your beneficiary will receive, and if you require a high death benefit, then the cost will be higher.
Your Financial Adviser will be able to advise on the most suitable and cost-effective product for you.
Why Choose Campion for your Life Insurance?
35+ years experience
12 offices throughout the country
Winner of the Deloitte Best Managed Companies for over 10 years
High customer retention rates
At Campion Insurance, we understand the sensitivity and personal nature of organising a life insurance policy. Our customers are at the heart of everything that we do. We strive to provide a personalised service that has been tailored to your specific needs.
We know the importance of providing our customers with peace of mind for themselves and their families. Alleviating your worries and providing that comfort is priceless. However, with Campion Insurance we guarantee the best possible price*.
Not only that, our expert team is ready to provide you with not only financial advice but also discuss tailored cover options and benefits to fulfil your requirements.
*Acceptance criteria, terms and conditions apply. Price match applies to mortgage protection or life insurance quotes only. Price match only applies to standard quotes provided to Aviva Direct Ireland Limited from Best Advice (only including quotes from Irish Life, New Ireland, Royal London and Zurich) with the same level and term of cover up to a maximum sum assured of €1,500,000. Price Match does not apply to promotional offers. Price match and any discounts applied are subject to a minimum premium of €10 per month.Request a Call Back
Cover starts from as little as €10 per month. Contact one of our local Financial Advisors on 0818 297 600 to discuss your options. Alternatively, request a call back and one of our Advisors will be in touch.