Life Insurance in Ireland
Protect Your Family in Ireland with Flexible Life Insurance from €10.10 per Month
Looking for life insurance in Ireland? At Dolmen Insurance Brokers, we make it simple to protect your family’s financial future with affordable, flexible life cover tailored to your needs. Whether you’re protecting your mortgage, replacing lost income, planning for funeral expenses, or securing your family’s long-term financial stability, our experienced Irish-based team can help you arrange appropriate cover with confidence. If you would like a free life insurance quote, call us on 01-8022 385 or request a call back through the form below.
What Is Life Insurance?
Life insurance is a financial protection policy that pays a lump sum to your chosen beneficiaries if you die during the term of your policy. Depending on the type of cover selected, some policies may also pay out if you are diagnosed with certain specified serious illnesses defined within the policy conditions.
In Ireland, life insurance is commonly used to:
- Replace lost household income
- Protect a mortgage balance
- Provide financial support for dependents
- Cover funeral or end-of-life expenses
- Support inheritance or estate planning
- Protect your business (e.g. Shareholders/ Company Directors Cover, or the Loss of a Keyperson
- Protect a mortgage
The level of cover, policy term, and premium depend on personal factors including age, health history, lifestyle, occupation, smoking status, and the amount of protection required.
Why Choose Dolmen for Life Insurance?
When it comes to protecting your loved ones, choosing the right advisor matters. Thousands of individuals and families across Ireland trust Dolmen because we offer:
- Premiums from approximately €10.10 per month (subject to underwriting)
- Access to a range of Irish life insurers
- Flexible cover options for individuals, couples, families, and business owners
- Support when reviewing or switching existing policies
- Clear, jargon-free advice from experienced Irish insurance brokers
Our role is to explain your options clearly and help ensure your cover reflects your financial commitments and future plans.
Types of Life Insurance Available in Ireland
There are several forms of life insurance available in Ireland. The right option depends on your financial responsibilities, family situation, and long-term goals.
Term Life Insurance
Term life insurance provides cover for a fixed period, such as 10, 20, or 30 years. If you die during that term, the agreed lump sum is paid to your beneficiaries. If you outlive the policy term, no payment is made.
By including the conversion/continuation option in your plan this allows you to amend or extend cover at any stage during the term of your plan, without the need to give up to date medical evidence, in other words you are guaranteed cover in the future
Whole of Life Insurance
Whole of life cover provides protection for the duration of your lifetime, provided premiums are maintained. A lump sum is paid when you die.
This type of policy is often used for funeral planning, inheritance planning, or ensuring a guaranteed payout regardless of age at death.
Mortgage Protection Insurance
Mortgage protection is a specific form of term assurance designed to repay your outstanding mortgage balance if you die during the mortgage term. In Ireland, mortgage protection is generally a legal requirement for residential mortgages unless a lender grants an exemption.
Policies are typically arranged on a decreasing basis, meaning the cover amount decreases in line with your mortgage balance.
Income Protection Insurance
Income protection replaces a percentage of your income if illness or injury prevents you from working. Payments begin after a chosen deferred period and may continue until you return to work, reach retirement age, or the policy term ends.
This type of cover is particularly important for self-employed individuals or primary earners who would struggle financially if unable to work.
Specified Serious Illness Cover
Can be organised in conjunction with your term life plan or on a standalone basis. Specified Illness provides a lump sum payment if you are diagnosed with one of the defined serious illnesses listed in the policy documentation.
Qualifying definitions and medical criteria vary between insurers and are clearly outlined in policy conditions.
How Much Does Life Insurance Cost in Ireland?
The cost of life insurance in Ireland depends on several factors. Insurers assess risk through a process known as underwriting. Premiums are typically influenced by:
- Age at application
- Smoking status
- Policy term length
- Level of cover required
- Medical history
- Occupation
- Family medical history
Younger applicants and non-smokers generally pay lower premiums.
For illustration purposes, a €100,000 dual life term policy for a non-smoking couple aged 25 over 10 years may cost from approximately €10.10 per month, depending on underwriting criteria.
Rates vary based on personal circumstances and insurer assessment.
How Life Insurance Claims Work
If a valid claim arises – In the event of death the insurer pays the agreed lump sum to the nominated beneficiary or estate, subject to the policy terms and conditions.
The claims process generally requires:
- A Death Cert
- ID for the deceased
- Medical evidence - the insurer may write to the deceased GP
- In the event of a specified illness, a claim form is required, followed by a report from the insureds GP
Insurers assess claims based on policy definitions and the disclosures made during the application process. Timelines for claim settlement vary depending on the insurer and complexity of the claim.
Is Life Insurance Tax-Free in Ireland?
Life insurance lump sum payments are generally free from income tax.
However, Capital Acquisitions Tax (CAT) may apply depending on:
- The relationship between the policyholder and beneficiary
- The total value of benefits received
- Current Revenue thresholds and legislation
Tax treatment depends on individual circumstances and prevailing Irish tax rules at the time of payment.
Who do I talk to about Life Insurance?
Life insurance can feel complex, but arranging cover does not need to be complicated. At Dolmen, you work directly with experienced advisors who take time to understand your financial situation before recommending options.
Áine and Cassie’s Life Insurance Team specialise in helping individuals, couples, and families compare options and arrange appropriate cover. Whether reviewing an existing policy or taking out life insurance for the first time, their approach is focused on clarity and suitability.
You can call 01-8022 385 to speak directly with the team.
Talk to Áine & Cassie’s Team
Life and Pensions
Why not talk to Áine & Cassie’s team about your planning for your future? With years of experience in Life & Pensions, we are here to make sure you get the right cover for you and your family.
Reach out today – We’re just a call or click away!
Who Needs Life Insurance in Ireland?
Life insurance is relevant for anyone with financial responsibilities. You may wish to consider cover if you:
- Have a family or dependents who rely on your income
- Own a home with a mortgage
- Are self-employed or the primary earner in your household
- Want to cover funeral or final expenses
- Wish to provide financial support to loved ones
- Have business obligations or succession planning needs
Life cover is not limited to parents or homeowners. It can form part of a broader financial planning strategy.
Frequently Asked Questions About Life Insurance in Ireland
Do I need a medical exam?
All protection polices required that you complete a medical questionnaire.
In some cases, insurers may request a report from your GP or Nurse Screen /Medical Examination, this would be relevant to the level of cover required, age, and medical evidence disclosed
Can I switch my existing life insurance policy?
Yes it is possible to replace an existing policy, subject to underwriting approval. It is important not to cancel existing cover until new cover is confirmed in force.
Is life insurance required for a mortgage in Ireland?
Yes, mortgage protection is a requirement from all Financial Institutions for home loans.
What happens if I stop paying premiums?
If premiums are not maintained, the policy may lapse and cover will cease. Terms vary by insurer.
What term should I consider when taking out cover?
For Family Protection match the term to when children finish education. For Mortgage Protection this should be aligned to mortgage term.
Get Insured Sorted Covered
Get a Free Life Insurance Quote Today
Securing financial protection for your loved ones is an important step. You can request a free, no-obligation life insurance quote tailored to your circumstances by calling 01-8022 385 or completing our online enquiry form. Our advisors will explain your options clearly and help you arrange cover suited to your needs.
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