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.