Jack is 37 years old and his wife, Claire is 36 years old. Both are non-smokers and they have three children aged 6, 5 and 3. Claire works part time as a sales assistant and earns €18,000 per annum. Jack earns €53,000 per annum working as a project manager.
They decided to take out a life cover policy of up to €400,000 on Jack and €200,000 on Claire over an 18 year term. Their monthly cost is €36.46 per month.