Siobhan is a 42 year old, non smoker. She has two children under the age of 6 and has just recently separated from her husband.
Siobhan and her ex husband had life assurance which has lapsed since the separation. She is a part time worker on a salary of €50,000 and thus took out cover of €400,000 over a 20 year term at a cost of €41.82 per month.
Keith is aged 35 and is a smoker. He has two children under the age of 2, his wife is covered for 10 times her salary through employment and thus, they feel Keith is the only one who needs cover.
Keith is on a salary of €30,000 per year and feels that life cover for €250,000 over a 25 year period at a cost of €36.04 per month is more than adequate.
Andy is aged 30 and is a non smoker. He has recently had his first child but he is separated from the mother. He wants to ensure that should something happen to him, his child will be financially looked after.
He decided to take out life assurance cover of €300,000 for a 25 year term period at the cost of €21.05 per month.
Peter is a 45 year old separated father of three children. He is a non-smoker and earns €62,000 per annum. He took out a life policy on himself for €600,000 over a 16 year term until his youngest child reaches the age of 25.
He did this to ensure there was financial security for his children in the event of his premature death. His monthly cost is €64.56.
Geraldine is 39 years old and is married to Steve, 41 years old. Steve has life assurance in place already but there is no cover on Geraldine. She does not smoke and is a stay at home Mum looking three children aged between 6 and 10 years old.
Geraldine decided to take out a life cover policy for up to €200,000 over a 15 year term until her youngest child reaches the age of 21. Her cost per month is €16.21.