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life insurance

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  • 17-12-2009 6:30pm
    #1
    blahblah06
    Registered Users Posts: 4,306 ✭✭✭


    Hi guys currently have life insurance with zurich and it costs me 27 a month on a 317000 over 37 years.

    Now I just tried 123.ie and im been offered the policy with my details for 17 euro.

    can this be right ?


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    #2
    Jet Black
    Registered Users Posts: 3,845 ✭✭✭Jet Black


    From my own experiences with 123.ie the quotes always seem to be cheaper.
    I dont have life insurance but my car insurance was working about €200 cheaper.
    My sister moved to 123.ie for her life policy and was saving about 30% to 40%.
    I have yet to claim but have heard mixed reviews on here.


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    #3
    [Deleted User]
    Posts: 281 ✭✭ [Deleted User]


    Doesn't look right if you are quoting on a like-for-like basis ie that all the details are the exact same.

    Is it possible that one is mortgage protection (decreasing term) and one is level or convertible term?


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    #4
    Drumpot
    Registered Users Posts: 19,306 ✭✭✭✭Drumpot


    blahblah06 wrote: »
    Hi guys currently have life insurance with zurich and it costs me 27 a month on a 317000 over 37 years.

    Now I just tried 123.ie and im been offered the policy with my details for 17 euro.

    can this be right ?

    Depends on whether or not you are getting the same policy. In some cases there can be this much of a differance, but in your above example, it could be a case that you have Term Assurance with Zurich and 123 is offering you Mortgage Protection (which is a cheaper policy) . .

    Also, I assume you were not in anyway rated with Zurich (ie premium increased due to medical condition) . .

    Just check the names of the cover first and look through the existing Life Assurance Schedule you received from Zurich (or phone them up and ask them to forward a copy out to you) . .

    Good luck . .


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