What is term life insurance cover?

Term life insurance is a type of cover that pays a lump sum to your loved ones if you die during the lifetime of your insurance policy. This can help to pay for everyday expenses and keep your family financially secure in the future. And, importantly, it gives you and your family peace of mind right now. At laya life, all our policies are term life insurance.

How does term life insurance work for me?

Term life insurance is a very straightforward product. The ‘term’ in the name refers to the period of time you want to be covered.

You have the power to choose how long you’re covered for and how much cover you need. That gives you the flexibility to determine how much your policy costs each month. And to make things even simpler, the price of your cover remains the same for the whole term of your policy.

You can choose:

  • Length: between 10 and 40 years
  • Cover: between €50,000 and €400,000

What are the benefits of Term Life Insurance?