Carol and John are married. Carol is 45 years old, working part time on a salary of €45k and her husband John is 51 years old, self-employed and earning €50k a year. Carol is covered for death in service with her job of 4 times salary.
They have a son aged 9. They decided to insure John for €500,000 and Carol for €300,000 to protect against future loss of income in the event of a death. Both decided to go with a term of 16 years until their son reached the age of 25. The monthly premium is €116.03