Irish Life Lifesaver Options A, B or C?

C

Celt07

Registered User
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Hi,

My parents took out a policy back in the 1980's and recently received a review letter from Irish Life asking to choose one of three different options. A is keeping cover at the same level with an increased premium, B lowering cover but keeping premium at existing level and C changing over to a guaranteed whole of life cover plan with no further reviews and premium fixed for life.

The whole of life cover figure quoted is significantly less than that quoted for either option A or B.

For options A & B, another review would take place in 5 years and premiums may increase further.

Any advice in terms of best way to go would be appreciated.

Thanks.
 
Initially, you should do a search on "Lifesaver" on AAM and look at some of the comments already made in relation to this type of policy.
 
Last edited:
You haven't provided costs or levels of cover or the ages of your parents or their health.

And you didn't included option D, cancel the cover as they no longer need life cover.
 
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