Stephen & Laura

Stephen and Laura are both 39 years old and non-smokers. Laura earns €55,000 a year while Stephen €35,000 per year. They have three children aged 6,8 and 10.

They took out €500,000 cover on Laura and €300,000 on Stephen for 19 years costing €55.91 per month.

Siobhan

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.

Peter & Barbara

Peter and Barbara are both 41 years old and are non-smokers. Peter earns €38,000 while his wife, Barbara earns €42,000 per year. They have three children aged 13, 12 and 11.

They took out a life policy on both of them for €300,000 over a 10 year term costing €42.80 per month.

Keith

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.

John & Linda

John and Linda are both non-smokers. John is a 43 year old builder earning €40,000 per annum while his wife, who is 45 years earns 32,000 per annum working in marketing. They have two daughters aged 10 and 12.

They decided to take out a convertible term life policy for €350,000 for the next 15 years until their youngest daughter reaches the age of 25. Their policy costs €59.50 per month.