Types of Life Insurance
Level Term Cover
This is also called Term Life Insurance. With this policy, you choose how much life cover you would like (sum insured) and how long you would like the cover for (the term). You can insure one person or two people on this policy. If the person insured dies during the term of the policy, a pay-out is made and the policy ceases. If you do not die before the end of the term of the policy, the policy will also cease. There is no savings element to these policies.
Whole of Life Cover
This type of cover does'nt expire after a fixed term and cover continues until death once you keep your payments up to date. Your beneficiaries will receive a lump sum upon your death to help them with expenses, for example, funeral expenses. It can also be used to provide tax efficient inheritance cover for your family
Good to Know
What cover is right for you
Deciding on the right type of policy, amount of life insurance and how long you need it for can be challenging. If you want to have a chat with one of our qualified advisors, we can talk you through your personal needs and help tailor a policy that suits your family and your budget.
If you want a lump sum to help pay off your mortgage in the event of your death, then a Mortgage Protection policy is what you need.
Who can be covered
- Single Life Cover – One person is insured for the term of the policy.
- Dual Cover - means two people are covered on one plan independently of each other. If a claim is made for one person on the plan, the remaining person will continue to be covered and a second claim can potentially be made.
Indexation
Indexation is an optional benefit that allows you to increase your life cover each year in line with inflation. This means that the level of cover that you have will increase each year by a certain percentage. Your premium will also increase each year.
Terms and conditions
T & C's apply. *€100 gift card is offered on Life & Mortgage protection policies on sign up. Gift Cards will be posted out subject to 3 months paid policy premiums being received. 10% off offer applies from 16.06.25 to 16.07.25.
SuperValu Insurance has partnered with Irish Life Financial Services and Irish Life Assurance for the provision of financial advice and life assurance products. Irish Life Assurance (ILA) plc provides life assurance products. Irish Life Financial Services (ILFS) promotes ILA products as an insurance intermediary tied to ILA and provide the financial advice in relation to these products to customers. Irish Life Assurance plc, trading as Irish Life, is regulated by the Central Bank of Ireland. Irish Life Financial Services Limited, trading as Irish Life, is regulated by the Central Bank of Ireland. Irish Life Financial Services is an insurance intermediary tied to Irish Life Assurance for life and pensions.
SuperValu Life and Mortgage Protection Policies which are underwritten by Royal London or Zurich Insurance will be administered by JSBCA Ltd on our behalf. JSBCA Ltd is regulated by the Central Bank of Ireland.
Some of the links above bring you to external websites. Your use of an external website is subject to the terms of that site.
SuperValu Financial Services DAC t/a SuperValu Insurance, is regulated by the Central Bank of Ireland.
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