A married relative of mine (60yo female) has been paying into an insurance policy with New Ireland since Sept 2012 at €242.40 per year. To date €969.60 has been paid over the four years. The current policy statement states that a continued yearly payment of €242.40 will yield a lump sum on death of €25,000 (single life) in Sept 2027.
Recently they have been given two options:
(1) Pay €756.77 for the next 11 years and get a lump sum of €10,000 in Sept 2027, or
(2) Pay €1013.96 for the next 11 years and get €15,000.
I honestly know very little about this type of policy and would appreciate any feedback.
Thanks in advance,
Logo
Recently they have been given two options:
(1) Pay €756.77 for the next 11 years and get a lump sum of €10,000 in Sept 2027, or
(2) Pay €1013.96 for the next 11 years and get €15,000.
I honestly know very little about this type of policy and would appreciate any feedback.
Thanks in advance,
Logo
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