Bill is 38 years old and his wife, Lisa is 36 years old. They are both are non-smokers. Bill earns €40,000 per annum working in IT and his wife, earns €18,000 per annum working part time. They have two young children, aged 7 and 5.
They decided to take out €300,000 life cover on Bill and a separate cover policy of €150,000 on Lisa for 20 years until their youngest child reaches the age of 25. The monthly cost is €30.82.