Mortgage Life Insurance

Mortgage Life Insurance

Mortgage life insurance can sometimes be the difference of getting a mortgage or not! For most people who are seeking a mortgage the may be a requirement that an endowment or a mortgage protection policy be purchase from a company or broker.

Having a product such as this will give your bank or building society peace of mind when considering whether you get a mortgage or not. Usually this type of policy will pay out a lump sum in the event of death or serious injury that will cover the existing debt held by the mortgage holder.

It is also common for policy holders to purchase a product that will not only cover the mortgage but will also clear other outstanding debts held so their family members will not be financially burdened. So before purchasing a product it is important to calculate if the lump sum payment will cover ALL costs and provide some comfort and benefit for those left behind.

Good Mortgage Insurance Protection

Here, in Ireland, picking a mortgage life insurance policy can sometimes be a confusing and a difficult task. As more life insurance products are released on an almost daily basis, it can be hard to find a product that will suit your needs as well as your pocket. It is however, important to remember that there are a number of basic facts that you should keep in mind before choosing a particular product. You should always think of the following facts;

  • Policy price - The monthly or annual cost of an insurance policy
  • What is covered - What does the mortgage insurance cover apart from the event of a death such as mortgage protection or income protection in the event of a serious illness.
  • Is there an excess cost? - Most policies demand and excess charge for each and every claim including some life cover.
  • Amount of payout - What will the total lump sum payout amount to in the event of an accident, illness or death.
  • Searching for an Insurance Quote

    There are several means to help find a mortgage life insurance quote. In modern times, the internet has grown to be the most popular method to find good value insurance products. With ever more comparison websites appearing on the net the choice for getting a decent policy has grown considerably. Although these online insurance providers can offer great mortgage cover, it is important to remember to contact any brokers situated in your area, as they may be able to match the cheapest deal. A local broker may also be persuaded to provide any additional benefits such as serious illness cover or income protection and because they are situated in your locality it could prove that they provide a better service and more easily contacted.


    Best Performing Life Insurance Companies

    Here are the top performing life insurance companies in Ireland according to the latest expert, retail and customer reviews.

    For more information contact the team at Eire Insure by emailing

    Allianz Life Insurance
    Zurich Life Insurance
    Britton Life Insurance
    LLoyds Life Insurance
    Irish life Insurance
    New Ireland Life Insurance
    Setanta Life Insurance
    Aviva Life Insurance
    Blue Life Insurance
    FBD Life Insurance