AIB Temporary Protection Plan
This insurance product can be one of the most affordable ways to put life assurance cover in place for a specified period of time (term assurance) which may be anything from a few years to several decades. The plan can be used to help your family or dependents replace lost income or repay debts, should you or your partner pass away.
Who this plan suits?
(For full terms & conditions of each of these features and for eligibility please arrange an appointment with an AIB Financial Adviser who will explain the features, terms and conditions in full)
- Terminal illness benefit – where 80% of the sum assured may be payable if a policyholder is diagnosed with an advanced or rapidly progressing incurable illness
- Indexation of premiums – A policyholder may choose at outset that the amount they have assured their life for will automatically increase by 5% each year, on the anniversary date of the policy. (premiums would also increase – as per the terms & conditions laid out in the brochure available from your AIB Financial Adviser)
- Immediate cover – While your application is being considered, the plan will provide free accidental death cover (up to a maximum of €150,000).