Mortgage Protection Insurance Comparison
Mortgage Protection Insurance Options
Mortgage Protection Quotes Comparison
Our quick and simple mortgage protection quotes calculator instantly compares quotes from all of Ireland’s leading mortgage protection providers granting up to 25% full-term discount + the first month free! We compare all possible quote options, so you’re always guaranteed of the cheapest and most suitable mortgage protection policy for you.
Mortgage Protection Benefits Comparison
Easily compare policy benefits from each of Ireland’s leading mortgage protection insurance providers; Aviva, Friends First, Irish Life, New Ireland, Royal London, and Zurich Life.
Noting your Mortgage Lenders Interest
Mortgage Protection – Easy Bank Assignment
As part of our mortgage protection insurance service, once your application is processed and you have confirmed your required policy start date, we will send you your original “Policy Certificate” to assign to your bank, allowing them to note their interest.
Choosing the Right Mortgage Protection
Types of Mortgage Protection Insurance
When taking out a Mortgage Protection insurance policy is pays to understand all your options! The phrase “Mortgage Protection” refers to a reducing cover, term life insurance policy. The policy has a term (in whole years) to match your mortgage loan term and the cover reduces as the balance on your mortgage loan decreases.
The minimum bank (mortgage lender) requirement is for a reducing cover life insurance policy, but you should consider all mortgage protection policy types against your own personal requirements, all of which can be quickly compared using our free mortgage protection quote comparison calculator.
Your Policy Options
- Life Insurance Only – Mortgage Protection
This represents the cheapest form of mortgage protection insurance, the life insurance is arranged to match your mortgage loan term, with the life cover reducing in-line with the outstanding mortgage loan.
- Joint or Dual Life – Mortgage Protection
Dual cover as the name suggests means that 2 people are covered under the policy, but unlike joint cover that would pay off the mortgage lender on the first death claim dual cover allows the policy to be continued for a second possible pay-out.
- Convertible – Flexible Mortgage Protection
Including a Conversion Option allows you to extend or reduce your cover term or even to convert to a level cover policy should a switch to interest-only ever be necessitated, or a need for additional family cover. It also allows you to increase your cover by up to 100K if increasing your mortgage and it can be taken with you where switching lender. In addition, if your health was to decline in the future your original health rates will be protected.
- Life & Serious Illness Cover – Mortgage Protection
The same as the reducing cover mortgage protection policy described above, but with optional serious illness cover included. The Serious Illness cover amount is up to you, as it is not a bank requirement but your choice, so it can be less than or equal to mortgage loan life cover amount (minimum 10%).
Switching Mortgage Protection Insurance
Switching Mortgage Protection Provider
Switching mortgage protection can save you thousands over your policy term and we make the switching process simple, with the first month free, to ensure no payment overlap occurs.
Note: You cannot replace policies using the same insurer for a like for like policy, if your replacement quote shows the same insurer, please call us on: 01 845 0049 to discuss your options.
Switching in 4 simple steps:
1. Run your discounted quote and apply online.
2. Start your new policy, as soon as it’s processed and get the first month free.
3. Hand your new Policy Certificate over to your bank, sign their Assignment Notice and tell them to cancel the old policy.
4. Then contact the insurer of your old policy to ensure that the policy is cancelled.