which I'm happy to pay as it is rated to give ME EUR215k when the first death occurs.
Kennyb3, what you're talking about is called indexing. Different policies handle this differently but generally if the payment is indexed (usually to inflation) then so is the monthly premium. It may sound good that your premium is fixed at €15 per month but on the flip side €150k won't be worth the same as €150k in 10, or even 40 years.
I just went to 123.ie and got a quote for 215k joint cover Life Long Protection.
It said the premium would be 300euro/month for 'undefined years'. I am paying 63.
I then picked 30 year Term Life and I was quoted 55/month.
Hi FraggleI just went to 123.ie and got a quote for 215k joint cover Life Long Protection.
It said the premium would be 300euro/month for 'undefined years'. I am paying 63.
So the policy is definitely not the same as your policy as yours is underwritten by Ark Life, however it is easy to get confused as Aib are also selling Irish life policies since last year but are no longer selling Ark Life as they have sold on the book of business to a company in the UK and it is now closed to new business.My policy is an Ark Life Lifelong Protection Policy
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