L.I.F.E. Ireland’s Life Plan

We operate as a “Tied Agent” of Acorn Life's and through Acorn Life’s Life Plan we offer a wide range of cover against things that could affect your family, such as illness, death, an accident or a stay in hospital. In addition, the Life Plan may automatically include children's protection benefits.

You can also put money away, tax-efficiently, for your child's education or a long held dream. Benefits can be arranged for both you and your partner, for similar or different amounts within the same plan.

Not only that, but we have designed the plan to change as your needs change, so that you have the financial security you need at every stage of your life. If you already have a protection plan with us, then you may be able to enhance existing protection options at very little cost.

Your Questions Answered

The many types of protection and all the options available can be very confusing and complicated. Here you will find the information you need about the different types of protection you could get so that you can to make your decisions with confidence.

What is Life Cover Benefit?

Life Cover is money an insurance company pays to your beneficiary when you die. The company pays this amount, the sum assured, in return for your payment of premiums. Life cover provides a tax-free lump sum to help your family maintain the same standard of living that you enjoy today, should you die.

Why do I need Life Cover Benefit?

If other people are dependent on you and will suffer financially when you die, you need life cover. It is needed to compensate for the loss of regular income, and to clear outstanding loans and provide for your children in the event of your death.

How much Life Cover Benefit do I need?

It is recommended that life cover equal 10 to 15 times annual income. Needs will vary from person to person, depending on assets, outstanding loans, other income sources and social welfare benefits payable.