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Mortgage Protection

What is Mortgage Protection?

Mortgage Protection cover also known as Mortgage Life Cover or Mortgage Life Assurance, is a lump sum payment payable to your mortgage lender in the event of your untimely death and clearing your outstanding mortgage. Your Life Cover reduces as your mortgage is paid off, making this the cheapest form of Life Cover. Mortgage Protection is often confused with Personal or Family Life Assurance which is used to reduce the financial burden on your loved ones in the event of your death. Typically this cover remains level or increases in line with inflation or a set amount.

Mortgage Protection is normally a legal requirement by your Mortgage provider before you will be allowed draw down your Mortgage and you have a responsibility to maintain this policy. While there is no requirement to renew your Mortgage Protection policy annually such as motor or home insurance, it is common practice for policy holders to shop around for lower premiums.

Types of Mortgage Protection

  • Reducing Term Cover: As you pay more off your mortgage, the amount that the policy covers reduces in line with the outstanding balance of your mortgage.
  • Level Term policy: The amount you are insured for and the premium you pay remains level. This gives you the same amount of cover throughout the term of the mortgage.
  • Serious Illness: If you wish to, you can add serious illness cover to your mortgage protection policy. This means your mortgage will be cleared not only if you die but also if you are diagnosed with, and recover from, a serious illness that is covered by your policy.
  • Life Insurance policy: You can use an existing life insurance policy as long as it is not already pledged or assigned to cover another loan or mortgage and it provides enough cover.

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Credit Union Member Testimonials

In my first meeting with Ger he explained what CU Insured were about, the services provided. I was very impressed so much so that I’m currently doing business with CU Insured through Ger. The service he provides is excellent, his explanations of available products and the advice he provides is top class


With the help and advice of Sinead Herbert – CU Insured- my husband and I reviewed our Life Insurance/ Critical Health Insurance and she sourced a more suitable policy . I also have had guidance with pension advice enabling me to utilise the optimum Added Voluntary Contributions to enhance my final pension. Sinead has been professional , very knowledgeable and efficient. I certainly would recommend to my friends and family to meet with Sinead for a financial review. Thank you


James, extremely professional, made insurance easier to understand and gave us a made to measure policy that suits our family's needs.

Rosemarie & Robert

I would like to thank you again for your fantastic advice and patients,not only did you get me better mortgage protection but you also got me and my partner life cover that we didn't have before and for a cheaper premium, we really are delighted with the level of service you provided.

Jackie & Adrian


Eamon Lynch

Education : MSc (Hons) Financial Services,
Phone :
Mail : [email protected]

Christine Cagney

Education : APA Life & Pensions
Accounts, Pension and Life Administrator
Phone :
Mail : [email protected]

Martin Fallon

Education : QFA
Tallaght & District, Tallaght West, Greenhills, Donore Dublin, Athlone
Phone :
Mail : [email protected]

Sinead Herbert

Education : QFA
Ashbourne, Malahide, Trinity, Monaghan
Phone :
Mail : [email protected]

Keith Brazil

Education : QFA
St. Ailbes, Roscrea, St Dominc's, Lisduggan, Tramore, Ballincollig, Gurranabraher
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Mail : [email protected]

Damien Hannigan

Education : QFA, RPA, CUC, CUG
Sales Director
Phone :
Mail : [email protected]
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