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

Review your Life Insurance and Save Thousands

The above was the message from the National Consumer Agency in relation to Life Insurance. There are a number of reasons you could benefit from a lower premium such as:

• In a more competitive marketplace insurers have reduced their premiums considerably
• If you are no longer a smoker (for more than 12 months) you should not be paying smokers rates which can be nearly 100% higher.
• The policy you have for your Mortgage may be excessive for Mortgage Life Assurance.

Why not take a few minutes to find out if the cover you currently have is the best value for money. The cover you took out with the Bank at the time of taking out your Mortgage may not be the most competitive available.

In addition SmartQuotes.ie also offer 70% off the first twelve months premiums. For someone paying €50 a month this is a minimum saving of €420 in the first twelve months. This saving in the first twelve months could go towards a holiday, savings or paying off your credit card for example.

It is important to note that while the discounted first years premium is a significant saving it is most probably not worthwhile reviewing your cover unless you can get a cheaper monthly premium for the duration of the policy.

How do I find out more?
Go online to SmartQuotes.ie or Call one of team on 01 6853813