Protecting your family in the event of death or serious illness is one of the most important financial decisions you can make. With AIB, you can protect your family with either of these two options:

AIB Term Life Insurance

AIB Life Long Insurance

Protection products are provided by Irish Life Assurance plc.

Benefits of AIB Term Life Insurance

Term Life Insurance cover is designed to pay your family a lump sum if you die (if you choose Life Cover) or if you are diagnosed with a specified illness (if you choose Specified Illness Cover) during the agreed term of your plan. It is particularly important to have in place over the key years that you might have dependants who are relying on you and your income.

Additional benefits included in the policy are: life cover partial payments, children’s cover, terminal illness cover and guaranteed insurability. When purchasing the policy, other optional benefits are also available such as: hospital cash cover, accident cash cover, indexation and guaranteed cover again.

Benefits of AIB Life Long Insurance

  • You will be insured for your whole life and your estate will be provided with a lump sum if you die. Because cover is for your whole life, you may pay more for this cover and must continue to make payments even after you retire
  • It is a guaranteed protection plan for life with premiums that don’t change – unless you choose the indexation option
  • It can protect assets against inheritance tax
  • Added benefits include:
    • Early payment if you are diagnosed with a Terminal illness (This is not available if you are using AIB Life Long Insurance to plan for inheritance tax as these benefits could affect the plan’s eligibility for inheritance tax relief Section-72)
    • Accidental death benefit
    • Children’s life cover (This is not available if you are using AIB Life Long Insurance to plan for inheritance tax as these benefits could affect the plan’s eligibility for inheritance tax relief Section-72)
    • Guaranteed insurability
    • LifeCare range of services -  NurseCare, MedCare and ClaimsCare

Need to talk to us about your choices at retirement?
You can…

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Call 01 771 5867 

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AIB Life Insurance Booklet Downloads

Other Information

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.

Related products:

Family Life Insurance 

Protecting you and your family.

Mortgage Protection

Protect your Mortgage