Mortgage protection quotes from every main Irish insurer

Your lender needs it before you draw down, but you do not have to take the lender's policy. Compare the market in two minutes and have your own policy assigned to the lender.

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Your mortgage protection quote in two minutes

Enter your mortgage amount and term and compare the main Irish insurers side by side.

A senior advisor checks the cover with you and handles the assignment to your lender.

What it is

Cover that clears the mortgage if you die

Mortgage protection is life cover taken out for the term of your mortgage. If you, or the person you have the mortgage with, dies, it pays off the loan. The most common type is decreasing cover: the amount insured falls as the mortgage falls, while the premium stays the same.

Your lender is legally required to make sure you have it before giving you a mortgage on your home. There are exceptions, for example if you are over 50, the loan is not on your home, you already hold enough life cover, or you cannot get cover because of your health or your job.

  • Decreasing cover: the cheapest and most common
  • Level cover: the full amount for the whole term
  • Premium fixed for the term
  • Required by law on most home loans
The bank's policy or your own

You do not have to buy the bank's policy

Your lender may offer you its own mortgage protection policy. You do not have to buy it, and the lender cannot refuse you a mortgage because you buy cover elsewhere.

Comparing the market can find the same cover for less. We quote the main Irish insurers, set up your policy and assign it to your lender so your drawdown is not held up. If you already took the bank's policy, we compare it against the market and, where a new policy costs less, have it in place before the old one is cancelled.

  • Your choice of insurer
  • Policy assigned to your lender
  • Existing bank policies compared
  • New cover in place before old cover ends
Couples and illness

Joint life, dual life and serious illness

Couples usually take mortgage protection on a joint life, first death basis: the mortgage is cleared when the first of you dies. Dual cover insures each of you separately, so the survivor stays insured after a claim. It costs more.

You can add serious illness cover so the mortgage is also cleared if you are diagnosed with a specified illness the policy covers. That costs more again, and the illnesses covered differ from insurer to insurer, so we compare the definitions as well as the price.

  • Joint life, first death: clears the mortgage once
  • Dual life: each of you covered
  • Serious illness added: cleared on diagnosis of a covered illness
  • Definitions compared, not only prices

Which type of cover?

TypeHow the cover worksSuits
Decreasing termFalls in line with the mortgageMost repayment mortgages
Level termStays the same for the whole termLeaving money for the family once the mortgage is cleared
With serious illnessPays on diagnosis of a covered illness as well as on deathHouseholds that rely on both incomes
Existing life coverUsed instead, if it is enough and not assigned to another loanPeople already well insured
What happens next

How it works

1

Compare quotes

Live prices from the main Irish insurers in two minutes.

2

Choose with your advisor

Cover type, term and any serious illness cover agreed with you.

3

Apply

Your advisor submits the application and goes through the health questions with you.

4

Assigned to your lender

The policy is assigned so your drawdown is not held up.

5

Reviewed

Cover checked if you switch, top up or extend your mortgage.

Google reviews

What clients say about their advisor.

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We (Richie and Nickey) received excellent pension advice that was clear, honest, and tailored to my situation. Everything was explained in a way we could easily understand, and we felt confident making decisions about my future. Highly professional service and very reassuring throughout the process.
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Richard O NeillPension advice
They made setting up a company pension on a deadline extremely easy and stress free. You can tell they understand the products inside out. Very approachable, great availability for support with instant and clear answers.
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Mairead KilbrideCompany pension
True Wealth was super efficient in locating my UK pension. They were very professional and responsive in dealing with the relevant pension organization. I would highly recommend True Wealth.
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Bridget WhooleyUK pension trace
Thank you for the several calls to advise me. Great client attention! Eimear is fantastic! I had my pension sorted and a few insurances arranged. All the best.
RD
Renan DevitaPension and protection
Excellent service. Always there if I had any questions, would recommend without hesitation. A 5 star service. Thank you everyone.
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Anthony HGeneral
Questions

Frequently asked questions

Straight answers with the figures. If yours is not here, a senior advisor answers it in your review.

Is mortgage protection compulsory?

Your lender is legally required to make sure you have it before a home loan, under section 126 of the Consumer Credit Act 1995. The exceptions include being over 50, a loan that is not on your home, existing cover that is enough, or being unable to get cover. Some lenders insist on it anyway.

I had cancer. Can I get mortgage protection?

Since 6 December 2023 a code of practice means insurers can disregard a cancer diagnosis where treatment ended more than seven years ago, or five years if you were diagnosed before 18, for mortgage protection up to €500,000.

What happens if I switch mortgage?

Check your cover still matches the new loan. If you borrow more or extend the term, you may need extra cover. We check it as part of the switch.

Does mortgage protection cover me if I cannot work?

No. It pays on death, and on diagnosis of a covered illness if you add serious illness cover. Income protection covers your income if illness stops you working.

What if I miss premiums?

Keep payments up to date. If you fall into arrears the policy may lapse, and the cover ends with it.

Can I use life cover I already have?

Yes, if it gives enough cover and is not already assigned to another loan.

Sources

Checked 7 October 2026.

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