Price War on Life Assurance

Zurich Life have now joined Irish Life, New Ireland, Caledonian and Friends in offering two months free on Life Assurance, Mortgage Protection and Specified Illness policies taken out by March 2012.

This initiative it is hoped will highlight the fact that life assurance is not as expensive as might have been perceived. This initiative also applies to Mortgage Life Assurance customers who may have taken out a policy with their bank at the time of taking out a mortgage who can now look at replacing this cover with a cheaper policy and in addition get the first two months free. In an environment where individuals who took out mortgages in the boom times and are struggling to meet monthly payments this could provide some respite to mortgage holders.

However like everything it comes with health warnings. It is only prudent to switch policy if it is on a like for like basis and the monthly cost after the discount period is over is less than you are currently paying.

At SmartQuotes.ie we offering a discount of 70% for the first twelve months on policies once the free two month period ends. For someone paying €50 a month this would save them €520 over the first 14 months