Mortgage Protection Insurance

In Ireland, if you take out a mortgage you need to have mortgage protection cover. Protect your home and family from €10 per month^{Footnote 1}

Call 091 784 440 for a quote today!

What is mortgage protection insurance?

When you're taking out your mortgage, your lender will usually request that you also take out a mortgage protection policy. But what is it? It's a cheaper form of life cover, designed to help pay your outstanding mortgage balance if the worst were to happen. So you know your family are secure in the home they love.

Expert advice

Aviva Directs financial advisers can help you get the right cover set up quickly and easily.
Easy paperwork

Aviva Direct complete all the paperwork with a signature-free process. ^{Footnote [2]}
Aviva Care

You get access to services like Digital GP, Best Doctors, Family Care Mental Health support and Bereavement Support. See the mortgage protection brochure for further details.

Get a mortgage protection quote

How does mortgage protection work?

When you take out a mortgage, your loan provider will insist you have enough life cover in place to repay the outstanding amount if you die within the term of your mortgage. This is a cost effective type of life insurance cover, as the life cover amount reduces over the term of the mortgage/policy. However, to give you further protection, you can combine your life cover with serious illness cover. This gives you protection for a number of specified serious illnesses.

When you take out a Mortgage Protection plan, you’ll pay a premium each month for the length of your policy.

Your mortgage protection plan helps pay off your outstanding mortgage if you die before the end of the term. It’s designed to work along side your mortgage, as the amount of cover reduces (by a fixed percentage) over time as you pay off your mortgage.

As you would expect, because your cover decreases over the term, this type of life insurance is usually cheaper than cover which does not decrease throughout the term of the policy.

The cost of your Mortgage Protection cover will depend on:

the size of your mortgage - this determines the amount of cover you need
whether you add a conversion option
whether you add specified illness cover
the length of your mortgage – this determines the term of your plan
your age
whether you are a smoker or non-smoker
your current state of health
whether you take out the plan by yourself or jointly with your partner

Additional cover

You can get even more peace of mind by adding specified illness cover to your mortgage protection policy. This means that if you are diagnosed and proven to have a specified illness or if you die, your benefit will be paid. About specified illness cover.

Do you already have mortgage protection with us?

Contact Aviva Life & Pensions Ireland customer service team

1800 159 159

Monday, Tuesday, Thursday and Friday::: 9:00a.m. - 5:00p.m.
Wednesday:: 10:00a.m. - 5:00p.m.

Email: csc@aviva.com

Mortgage Protection Insurance - Expert Advice

Get expert advice from Aviva Financial Advisor, Tania O’Callaghan and insights into the pros, cons, and key steps you should take before choosing or switching your mortgage protection policy along with details about mortgage protection and pre-existing conditions.

Should you buy from your lender?

While it's convenient to buy Mortgage Protection directly from your lender, is it always the best choice? In this article, we look at the options available to help you make an informed decision. Included in this article:

The pros and cons of buying from your lender
Key Steps Before Switching
Pre-Existing Conditions: What You Need to Know
Making the right choice

Explore should you buy from your lender? "Explore should you buy from your lender?"

Steps to take before switching

Switching your provider can lead to significant savings and better coverage, but it’s important to follow the correct steps to avoid costly mistakes. Included in this article:

Understand Your Current Policy
Compare Quotes & Benefits
Assess Your Health and Medical History
Don’t Cancel Your Existing Policy Prematurely

Explore steps to take before switching "Explore steps to take before switching"

Pre-existing conditions

When it comes to applying for Mortgage Protection, having a pre-existing medical condition can raise questions and concerns. Included in this article:

Be honest and upfront in your application
Understand how your condition affects underwriting
Be prepared for additional requirements
Don’t delay, start the process early

Explore Pre-existing conditions "Explore Pre-existing conditions"

Life Insurance vs Mortgage Protection, the difference

Siocha Costello, Protection Marketing Manager, Aviva Life & Pensions Ireland DAC explains the difference between Life Insurance and Mortgage Protection.

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Transcript Show more Show less

00:00:00 Video starts

00:00:05 Siocha Costello, one minute pitch. The difference between Life Insurance and Mortgage Protection, your time starts now.

What is Life Insurance?

00:00:14 Siocha Costello, Protection Marketing Manager, Aviva Life & Pensions Limited

In a nutshell life insurance will pay your dependents a lump sum if you die.