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Life Insurance (also known as Life Assurance) is a form of insurance that could pay a lump sum to your family if you die, provided of course that you have taken out a life policy. They can use this lump sum to pay off bills or the mortgage, and it could give them an income when they need it most.
Protection products are provided by Irish Life Assurance plc.
You must keep up payments to stay on cover.
Allied Irish Banks, p.l.c. is tied to Irish Life Assurance plc for life and pensions business.
Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland. Irish Life Assurance plc is regulated by the Central Bank of Ireland.