Hello, my name is Míchéal Power I’m a 55 year old male living in County Cork. I never really got into life insurance when I was young as I inherited a house and didn’t need it for my mortgage. Over the last 12 months I started thinking what would happen my family if I suddenly past away in the morning.
How would the cover my funeral costs, how will they get by when I’m gone can I leave them something after I pass? I needed to find out more about life insurance. When I looked up the internet it said “Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money (the “benefits”) upon the death of the insured person. Depending on the contract, other events such as terminal illness or critical illness may also trigger payment. The policy holder typically pays a premium, either regularly or as a lump sum. Other expenses (such as funeral expenses) are also sometimes included in the premium.”
So it was fairly easy to find out what life insurance was but I wanted to know more. I needed more information on how it could have a positive impact on my financial future or the financial future of my family. I needed to know the benefits and what payouts I’d expect to gain in the case of death. Easylifecover.ie helped me find the best quote for my life insurance. Eamonn the managing director spoke to me in words I understood e.g. you pay €**’s you’ll get €*****’s when you pass.