Irish Life

Mortgage Protection

Get a mortgage protection quote by October 31st, 2024 and be entered into a draw to win a €1,000 Ireland's Blue Book gift voucher. Entrants must be 18 years old or over and be a resident in Republic of Ireland. By completing a quote, you will automatically be entered into our competition. Please ensure you have read and understood the terms and conditions before you continue.


Products are provided by Irish Life Assurance and advice is provided by Irish Life Financial Services. 

For your home

If you’re a homeowner or in the process of buying your first home, you may have come across the term "mortgage protection" and wondered why you need it. Here's the basics:
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What is mortgage protection?

  • Mortgage protection is a type of life insurance that your lender will require you to have in place before your mortgage can commence 
  • It aims to pay off your mortgage if you or another policyholder dies during the term of the mortgage
  • That money goes to the mortgage lender
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How much does it cost?

The amount you pay will depend on:


  • Your age, your health, whether you smoke, how much protection you want, and how long you want the cover for
  • The minimum you can pay each month is €13.13, inclusive of the 1% life insurance levy. (August 2023)
  • Get a quote below to see how much mortgage protection might cost you 
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What types of cover are there?

You have three options for cover:

  • Single cover - we'll make the payment if you die during the term of the plan
  • Dual cover - we could make the payment twice, once if you die within the term of the plan and once if your partner also dies within the term of the plan
  • Joint cover - we will make one payment if you or your partner dies during the term of the plan. The plan will then end
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Can I add on extra benefits?

SPECIFIED ILLNESS COVER

  • You can also get specified illness cover
  • This benefit pays if you are diagnosed with one of the 48 illnesses we cover. We will also make additional payments on an extra 41 conditions
  • The lump sum can be used to repay your mortgage

From *€13.13 per month inclusive of the 1% life insurance levy.

**70% of applications approved within 24 hours. Approval subject to meeting the underwriting criteria and providing all necessary documentation.

Pays a lump sum to help pay off your mortgage if you die

Your cover decreases as the amount left on your mortgage decreases

The cost will depend on your age, your health, options chosen, the term and agreed level of cover

Your payments stay the same. You must keep paying to stay covered

You can start this plan up to age 74

What do I need to know?

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Resources

Read Irish Life Assurance booklets for more information