Table 1
November 2010
Comparison of life insurance quotes
Based on male (non smoker) Female (non smoker) various age analysis
Sum insured € 250,000
Term 25 years
|
Company Name |
Monthly premium Level term age 30/29 |
Monthly premium Level term age 40/39 |
Monthly premium Level term age 50/49 |
|
Caledonian Life |
32.75 |
57.45 |
152.26 |
|
Canada Life |
36.46 |
79.39 |
165.74 |
|
Friends First |
33.32 |
63.28 |
156.9 |
|
Hibernian Aviva |
40.0 |
72.46 |
161.55 |
|
Irish Life |
29.6 |
67.88 |
161.85 |
|
New Ireland |
32.62 |
68.62 |
161.91 |
|
Zurich |
33.55 |
63.84 |
153.45 |
This analysis demonstrates how quickly life insurance cost rise past the age of 40.
The rate of increase in prices from 30 to 40 is approx 75%
The rate of increase in prices from 40 to 50 is approx 300%.
If one is contemplating having stand alone life insurance the implications of the above chart are that these policies should be effected before the age of 40 if possible.
