What is mortgage protection insurance?

Mortgage protection is taken out when you are purchasing a home. This type of insurance is to pay off the outstanding mortgage on your home in the event that you die.

With mortgage protection you also have the option to add specified serious illness cover at an additional cost. This will pay out if you are diagnosed with a specified serious illness, within a specified term.

How much will it cost you?

Different factors are taken into consideration when calculating the cost of mortgage protection insurance. These include:

  • Your age
  • Your health
  • Your smoking status
  • The amount of cover needed
  • The term of your cover
  • The benefits you choose

Get a mortgage protection quote

Mortgage protection cover types

Guaranteed mortgage protection (decreasing term protection) 

Guaranteed term protection (level term protection)

Convertible mortgage protection

Single, Dual & Joint life Cover

Serious Illness Cover

Zurich mortgage protection benefits

A Zurich mortgage protection policy comes with the following benefits and optional add-ons:

Waiver of premium

Premiums are paid in the event of you being unable to work due to illness or injury. This benefit is unique to Zurich and is offered free of charge.

Reinstatement clause

Unpaid premiums can be repaid within three months of the date on which the first unpaid premium was due.

Protection continuation

Extend the term of the cover at any stage without providing evidence of health.

Guaranteed insurability

 Ability to increase the sum insured without further medical evidence following approval for a new mortgage or increase to an existing mortgage.

Serious illness cover

Serious illness cover can be added to provide financial support if you are diagnosed with a serious illness.

Terminal illness cover

Full amount of Life cover in the event that you are diagnosed with a terminal illness at least twelve months before the end of the term you have chosen.

Mortgage protection insurance with Zurich

Best term insurance provider1

Excellent claims service

Internationally rated AA/stable† Financial Strength2

Market leading pricing

Insurance Ireland Code of practice for cancer survivors

Existing customers?

How does the mortgage protection application assessment process work?​

Get a quote from Zurich.

We'll gather some information such as your age, smoking status, the amount of cover required and the term of the loan.

Complete our proposal form, which covers the standard medical questions. Our underwriting team will take this information and proceed from there.

Apply for mortgage protection insurance

Arrange for us to contact you or call 0818 804 164

Not sure where to start?

Frequently asked questions

Learn more about mortgage protection 

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1National Consumer Services Award, 2024

2Zurich Life is owned by Zurich Insurance Company Limited, which has an internationally recognised financial strength rating of AA/stable† by Standard & Poor's, January 2024.