Life insurance and mortgage protection average cost

Jack_92

Hi all!

I know it depends on health conditions/ mortgage term/ age/ whether smokers or not etc but I was wondering how much on average do you pay for life insurance and mortgage protection?

Thanks

jlm29

Jack_92 wrote: »

Hi all!

I know it depends on health conditions/ mortgage term/ age/ whether smokers or not etc but I was wondering how much on average do you pay for life insurance and mortgage protection?

Thanks

I pay €10/mths for mortgage protection, and €19/mth for life insurance

punisher5112

Jack_92 wrote: »

Hi all!

I know it depends on health conditions/ mortgage term/ age/ whether smokers or not etc but I was wondering how much on average do you pay for life insurance and mortgage protection?

Thanks

Because of my BMI the amount went up over 225%

I was quoted 1st €25 but that went up to €49 a month.

House insurance is a must too so got that for €294 through JLT brokers in cherrywood

s7ryf3925pivug

38 pm on 175k for me and my wife. Would be about 25 before loading for a medical condition. Took months to sort out. Painful experience.

screamer

Life insurance is actually cheap enough. It’s when you add for critical illnesses that it sky rockets

L1011

This is entirely dependent on age, health and the value of the loan - there is no "average" as all three vary

I pay 9.90 a month for mortgage protection, which is about as low as you can possibly go as most insurers have a minimum premium. This is with a minor chronic condition that they decided didn't even need a doctors form let alone a medical.

micar

screamer wrote: »

Life insurance is actually cheap enough. It’s when you add for critical illnesses that it sky rockets

Yep....critical illness is twice the cost of life cover.

masterboy123

Do we need both life insurance and mortgage protection?

I thought house insurance and mortgage protection is all we need.

punisher5112

masterboy123 wrote: »

Do we need both life insurance and mortgage protection?

I thought house insurance and mortgage protection is all we need.

Mortgage protection and house insurance is it....

jlm29

masterboy123 wrote: »

Do we need both life insurance and mortgage protection?

I thought house insurance and mortgage protection is all we need.

I suppose it depends on your circumstances. You’re not obliged to have life insurance. But I’ve enough kids that if anything happened to me and the OH, I’d need some sort of carrot to dangle at someone to take them on!

masterboy123

Ok, that's clear now.

jlm29 wrote: »

I suppose it depends on your circumstances. You’re not obliged to have life insurance. But I’ve enough kids that if anything happened to me and the OH, I’d need some sort of carrot to dangle at someone to take them on!