Enjoy the peace of mind that comes with good pension life cover.
Pension Life Cover
Pension Life Assurance cover will pay out the Sum Assured on death during the term of the policy.
Pension Term Assurance is only available to the following:
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The self employed, and
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Employees in non pensionable employment
Pension Term Assurance is essentially the same as ordinary Life Assurance EXCEPT that:
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The individual can claim income tax relief on the premium at their marginal rate of tax.
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Not everyone can take out this type of cover.
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The policy can only be an ‘’own life’’ policy.
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The policy can only provide Life cover- no serious illness cover is allowed.
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The maximum age to which cover can run is to the individuals 75th birthday.
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This type of plan cannot be assigned as security for a loan.
The most attractive thing about Pension Term Assurance is the ability to claim tax relief back at your marginal rate. For e.g. should you be in the higher tax bracket and your premium costs €200 per month, after tax relief you will actually pay €118 per month.
For further information on pension life cover or to request a personalised quote click on the button above.
