Mortgage Protection
Secure your home, whatever happens, from as little as €7.58 per month.
Why do I need mortgage protection insurance?
- Peace of mind: designed to ensure your family can keep their home, if something happens to you.
- Affordable protection: low cost way to secure your biggest asset.
- Essential: if you have a mortgage on your family home, this cover is mandatory.
Key benefits
Financial security
Your mortgage is paid off on death.
Low cost cover
The cover amount is designed to reduce in line with the outstanding balance of your mortgage.
Guaranteed premium
Your premium is guaranteed for the lifetime of your policy.
Additional benefits
Benefits such as terminal illness and accidental death are included.
How it works
Start
Tell us some basic details about yourself.
Length of cover
Select the length of time and amount you need cover to match your mortgage term and loan.
Quote
We will provide a quote based on the details you provide, and you can request a callback or call us to discuss.
Set-up
Once you are happy to proceed, we can complete your application over the phone or call us on 056 770 7619.
Why choose Vhi
Trusted providers - trusted protection
We've been taking care of families in Ireland since 1957 so you know you are in safe hands.
10% member discount
Vhi members get a 10% discount for the lifetime of the policy.
Flexible cover options
Option to increase cover without further medical evidence when you get a new mortgage or top up your existing one.
Protect your home today
Mortgage Protection is designed to pay off your mortgage if you pass away during the policy term, ensuring your family can remain in the family home.
Frequently asked questions
To draw down a mortgage in Ireland, your lender typically requires you to have mortgage protection insurance, which is a type of life insurance that pays off the remaining mortgage balance if you die during the term of the loan. This ensures the lender is repaid and your family can stay in the home without the burden of the mortgage debt.
Yes, mortgage protection insurance is generally compulsory when taking out a mortgage in Ireland — lenders are legally required to ensure you have it before approving the loan. However, there are exceptions, such as if you're over 50, the mortgage isn't for your main home, you already have sufficient life cover, or you can't get insurance due to health or job risks.
Yes, you can cancel your Mortgage Protection Insurance policy if you pay off your mortgage early. There is no penalty for cancelling the policy, as long as your mortgage is fully repaid.
No, the price of a standard mortgage protection policy usually does not increase every year. Most policies in Ireland are set up with level premiums, meaning you pay the same amount each month for the entire term of the policy.
Life insurance provides financial support to your loved ones if you pass away, helping cover general living expenses or debts, while mortgage protection is a specific type of life insurance designed to pay off your mortgage if you die, ensuring your home is not lost due to unpaid loan balances.
