Debbie is a 54 year old Barrister married to Richard, a 55 year old Company Director. They have four teenage children. They have high earnings and a very strong annual income coming into the household.
In order to protect their income in the event of the untimely death of either of them, they both took out €1,000,000 life assurance for a term of 12 years. This was designed to give them cover until their youngest child reached the age of 25. The monthly cost is €446.42 per month.