Mercman, you may have straight forward term assurance which is a fixed premium.
No, I wouldn't do Term Assurance.Personally I feel that it is a waste of money, to assist in the Life Insurers make profits. They are either whole of life or Joint Life second death Policies.
Not only is it possible that the pension pot will eventually exceed the potential payout of the insurance policy, but you'd have access to enjoy the money at a much younger age.
The BROADER issue is that policies were sold poorly and did not do what the customer thought. Suggest we all REALLY check . sadly too often our Comprehensive becomes a poor 3rd party. The Old Adage , is BUYER BEWARE...
The average life expectancy in Ireland is 80.3..
As a side matter of interest, what's the reference for that?
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