Life Insurance and Home insurance - which is more important.

17 October 2019
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By way of example, a typical new home in Dublin is insured for around €300,000, based on an estimate of the current rebuilding cost. This is the cost of replacing the home back to its original standard. Typical price around €35 per month.

What do we do when it comes to Life Insurance?

Take a person age 35 who dies through sickness or ill health and is earning €60,000 per annum. What is the loss in this instance?

Assuming the person would have lived until normal retirement age (68) and ignoring inflation, this individual could have been expected to earn €1,980,000 during this period. If you add in inflation the figure could be close to €2,500,000.

And how many houses burn down compared to people passing away prematurely? Not a lot!

Life insurance is incredibly good value at present, especially if you are in good health. A 30 year old could get €1,000,000 for a little over €40 per month,