50+ Easy Life Cover

Why choose 50+ Easy Life Cover?

50+ Easy Life Cover is a guaranteed acceptance protection plan for the over 50s. It pays out a guaranteed lump sum to your family when you die – but it never generates a cash value as it is not a savings plan.

With 50+ Easy Life Cover, there are no medical requirements, no health history questions and no underwriting. Every application is guaranteed to be accepted. Because you are not asked for any medical information 50+ Easy Life Cover is slightly more expensive than other protection plans.

The amount of cover provided is based on the regular payments you make (from €15 up to €55 monthly). You should refer to the benefits table at the back of the 50+ Easy Life Cover booklet to see how much Life Cover you will receive, based on the regular payments you can afford, your age and gender.

Non-advice

50+ Easy Life Cover is strictly a 'non-advice' product. This means that customers will not receive financial advise on the 50+ Easy Life Cover. Instead, you should read the customer leaflet and the product booklet provided. You will then have read all the relevant information and should be ready to fill in your application form.

If you still have some questions on the product please see the frequently asked questions and relevant answers below.

Who can apply for cover?

Anyone aged 50-80 living in the Republic of Ireland can apply for 50+ Easy Life Cover.

Could I be turned down for cover because of my health?

No. Because Irish Life does not ask you for any medical details or health history, you are guaranteed to be accepted for 50+ Easy Life Cover.

What about claiming?

Irish Life want to make claiming under 50+ Easy Life Cover as straightforward as possible. They do not ask you for any medical details or health history when you apply. This means they can process claims quicker.

Are there any situations when a claim would not be paid?

Yes. During the first two years you are only covered for Accidental Death. Some exclusions apply. These exclusions are highlighted in the product booklet and the terms and conditions booklet.

In the first two years, why are you covered for Accidental Death only in the first two years?

As Irish Life do not ask you to take a medical examination or for your health history when you apply for 50+ Easy Life Cover, they can only cover you for Accidental Death within the first two years.

For this plan, "Accidental Death" means "death caused solely and directly as a result of an accident caused by violent, visible and external means and independently of any other cause." (Some exclusions apply around the nature of the accidental death, for example suicide is excluded. Please see exclusions in the product booklet for details.)

After year two

If you die after year two of your 50+ Easy Life Cover plan, Irish Life will pay the Life Cover benefit as per your schedule.

During the first two years:

If you die because of an accident during the first two years, Irish Life will pay the Life Cover benefit as shown in your schedule. Some exclusions apply. Please see exclusions in the product booklet for details.

If you die during the first two years of your 50+ Easy Life Cover for any other reason, Irish Life will only pay a full refund of all regular payments made.

Please note:

There is no cash in value at any stage – it is not a savings plan.

How much cover can I have?

The maximum cover is €25,000. This maximum cover of €25,000 applies across all of the 50+ Easy Life Cover plans you have added together.

What are the regular payments?

Your regular payments depend on your age, your gender and the amount of cover you choose. The minimum regular payment is €15 per month.

Will the regular payments change in the future?

No. Your regular payments are guaranteed never to increase or decrease, assuming the personal information on your application form or any related document is true and complete.

If any of the personal information (your age or gender) you have supplied is not correct, Irish Life may adjust the benefits or Irish Life may end your cover and refuse to pay any claim. If this happens you will lose all rights under the plan and Irish Life will not refund your payments. If your details are incorrect when you receive your welcome pack, you should follow up with your broker immediately.

Will my Over 50+ Plus Easy Life Cover change in the future?

No. Your cover is fully guaranteed and cannot be increased or decreased. Even though the cost of living increases each year (inflation), your cover will remain the same. This means the amount of cover you choose today may be worth less in the future. You should check your 50+ Easy Life Cover from time to time since inflation will affect what your guaranteed benefit will be worth in the future.

Irish Life 50+ Easy Life Cover is guaranteed, so customers cannot make any changes to the plan. However, if you want additional cover, you can take out more than one 50+ Easy Life Cover plan, as long as your total cover is not more than the maximum limit of €25,000.

How much will 50+ Easy Life Cover pay out?

This depends on your age, your gender and the amount of cover you choose. When your 50+ Easy Life Cover begins, your cover is guaranteed to remain at a fixed level, so you know from the start how much will be paid out when you die.

When does the plan start?

Your 50+ Easy Life Cover starts when Irish Life receives the first payment but the cover in the first two years will be only paid if you die as a result of an accident.

How long do I make regular payments for?

You must continue to make regular payments to your 50+ Easy Life Cover until your 90th birthday. From the age of 90 onwards you will not have to make any more payments and your cover will continue for the rest of your life.

Your plan ends if you stop making regular payments before age 90 or if a claim is made. This means that after your 90th birthday or your death, no further payments need to be made.

Are there any FREE additional services available with 50+ Easy Life Cover?

Yes. Irish Life has added NurseAssist 24/7 to the 50+ Easy Life Cover plan. NurseAssist 24/7 is a free, confidential phone service that allows you to ring a team of trained nurses who can help you with a full range of medical questions or concerns you might have about your family's health. You should see the product booklet and welcome pack for more details.

Can I change my mind?

Yes, of course. After taking out your plan, if you feel it is not suitable, Irish Life guarantee to refund all payments made within the first 30 days after Irish Life send you the details of your plan. The 30-day period starts from the day Irish Life send the welcome pack.

How do I apply for 50+ Easy Live Cover cover?

You just print off an application form, fill it in and send it back to your broker.

For any further information, please consult the product booklet or speak to your broker.