Frequently Asked Question's

1. What is Life Insurance ?

Life Insurance is an insurance policy that provides a lump sum payment if one of the policy holders dies. It can be held by one person or two (typically a couple).

The life insurance benefit / amount and term of the policy will be decided upon and fixed at the beginning of the policy. If someone dies within the term of the policy, the benefit will pay out.

2. Who should have it ?

If you have financial dependents, or anyone who will be negatively affected by your death, you need life insurance.

3. How much cover should I have ?

It is completely dependent on your personal circumstances. We can help you work out the most appropriate life insurance benefit to protect the people you love the most.

For couples who are renting, we strongly recommend you have enough life insurance cover so that in the event of a death, the surviving person can buy a family home and own the roof over their head – with no liability to debt to a landlord or bank.

For people with dependent children, we focus on what replacement income would be needed should an income stop.

Affordability will allows be factored into any recommend we provide. We are strong believers that some cover is better than none.

4. Who is MLI and why should I choose you?

MyLife Insurance is an Insurance and Financial Advisory brokerage. We are regulated by the Central Bank of Ireland. We work with all Life Insurance, Pension and Investment providers in Ireland –  Irish Life, Zurich Life, Royal London, New Ireland and Aviva.

We are a family business. Originally set up by Sean O’Connor in 1982, the company is now headed up Sean’s two Sons, Barry and Darragh.

At MyLife Insurance, we treat every call and every inquiry with the utmost respect and integrity. We place huge importance in helping each person find the most suitable and best value options for their own unique circumstance.

We do not charge a fee for our advice or service. If we make a recommendation, based on what we feel is the best option for you, and you decide to proceed with cover – we will receive a commission from that providers. If you go direct to a provider, or through us, you will get the same price.

5. How much does it cost?

The factors that impact a life insurance quote are: your age, your smoker status, your health, the amount of cover you are looking for and how long you want the policy to run for.

1. What is Mortgage Protection Insurance?

Mortgage Protection Insurance is a type of Life Insurance. If you are drawing down a new mortgage, or if you have an existing mortgage, your bank will require you to have this cover.

Your bank will require you to have cover for the full amount owed and the full term of the mortgage. As you repayment the mortgage each month, your mortgage balance reduces. The Life Insurance cove reduces in line the mortgage. This cover is specifically designed to clear the mortgage balance in the event of a death of a mortgage holder.

2. Who should have it?

Anyone who is drawing on a new mortgage, or anyone who has an existing mortgage – as part of your mortgage agreement, your bank will require you to have this cover.

3. How much cover should I have?

You will need to cover the full amount you owe to the bank for the full term of the mortgage. If you are borrowing €300,000 over 30 years, you will need €300,000 Mortgage Protection Life Insurance for 30 years.

4. Who is MLI and why should I choose you?

MyLife Insurance is an Insurance and Financial Advisory brokerage. We are regulated by the Central Bank of Ireland. We work with all Life Insurance, Pension and Investment providers in Ireland –  Irish Life, Zurich Life, Royal London, New Ireland and Aviva.

We are a family business. Originally set up by Sean O’Connor in 1982, the company is now headed up Sean’s two Sons, Barry and Darragh.

At MyLife Insurance, we treat every call and every inquiry with the utmost respect and integrity. We use a price comparison software which compares quotes and cover from all providers. We guarantee to thoroughly research the market to help you find the lowest cost cover available.

5. How much does it cost?

The factors that impact a life insurance quote are: your age, your smoker status, your health, the amount of cover you are looking for and how long you want the policy to run for.

1. What is Serious Illness Cover?

Serious Illness cover is also referred to as Specified / Critical Illness Cover. It covers the policy holder for a set number of medical illnesses and conditions. Most providers will cover 70+ illnesses. The most commonly claimed illnesses are cancer, heart attack and stroke.

If the policy holder is diagnosed with one of the illnesses covered under the policy, they received a tax free lump sum payment.

2. Who should have it ?

We recommend everyone should have some level of Serious Illness cover. We are all at risk of being diagnosed with a serious illness. If this happens, it can have a major financial impact. Time way need to be taken off work, additional help or resources may be needed. Hospital expenses and other expenses can add up.

Serious Illness cover is designed to provide a tax free lump sum payment to help provide financial support during these challenging times.

3. How much cover should I have ?

It is completely dependent on your personal circumstances. We can help you work out the most appropriate Serious Illness benefit to protect you and your family.

We focus on what replacement income would be needed for someone was diagnosed with an illnesses.

Affordability will allows be factored into any recommend we provide. We are strong believers that some cover is better than none.

4. Who is MLI and why should I choose you?

MyLife Insurance is an Insurance and Financial Advisory brokerage. We are regulated by the Central Bank of Ireland. We work with all Life Insurance, Pension and Investment providers in Ireland –  Irish Life, Zurich Life, Royal London, New Ireland and Aviva.

We are a family business. Originally set up by Sean O’Connor in 1982, the company is now headed up Sean’s two Sons, Barry and Darragh.

At MyLife Insurance, we treat every call and every inquiry with the utmost respect and integrity. We place huge importance in helping each person find the most suitable and best value options for their own unique circumstance.

We do not charge a fee for our advice or service. If we make a recommendation, based on what we feel is the best option for you, and you decide to proceed with cover – we will receive a commission from that providers. If you go direct to a provider, or through us, you will get the same price.

5. How much does it cost?

The factors that impact a Serious Illness Insurance quote are: your age, your smoker status, your health, the amount of cover you are looking for and how long you want the policy to run for.

1. What is Income Protection Insurance ?

Income Protection is the most comprehensive financial protection policy available. It provides a replacement income if you cannot work due to any accident, any illness or any injury. It is your complete financial safety net. If for any reason you cannot go to work and earn an income, this provides a replacement income.

2. Who should have it ?

Anyone earning a decent income should have Income Protection. Most people have no sick pay benefits through work. Self-Employed people have no entitlements. And even those who do have sick pay benefits, they may only last a couple of months at best.

The State Social Welfare benefit is €203 per week. This can be a huge drop in income for many people. For anyone who wants to protect themselves financially against the impact of illness health or injury, Income Protection is the best solution.

If you have financial dependents, or anyone who will be negatively affected by your death, you need life insurance.

3. How much cover should I have ?

The maximum benefit you can have is 75% of your gross salary (less the State Social Welfare benefit if you can claim for it). We stress that this is the maximum. People often to choose the level of Income Protection they feel they would need to get by.

Affordability will allows be factored into any recommend we provide. We are strong believers that some cover is better than none.

4. Who is MLI and why should I choose you?

MyLife Insurance is an Insurance and Financial Advisory brokerage. We are regulated by the Central Bank of Ireland. We work with all Life Insurance, Pension and Investment providers in Ireland –  Irish Life, Zurich Life, Royal London, New Ireland and Aviva.

We are a family business. Originally set up by Sean O’Connor in 1982, the company is now headed up Sean’s two Sons, Barry and Darragh.

At MyLife Insurance, we treat every call and every inquiry with the utmost respect and integrity. We place huge importance in helping each person find the most suitable and best value options for their own unique circumstance.

We do not charge a fee for our advice or service. If we make a recommendation, based on what we feel is the best option for you, and you decide to proceed with cover – we will receive a commission from that providers. If you go direct to a provider, or through us, you will get the same price.

5. How much does it cost?

The factors that impact a life insurance quote are: your age, your smoker status, your health, your occupation, the term from which you are out of work until the payment starts, the amount of cover you are looking for and how long you want the policy to run for.

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  • 5 star review  Mel was so professional and informative on all the services available and listened to my current needs to identify best policy for me. I would highly recommend her for any advice on life insurance. She really takes the time to ensure you get best deal possible and she won't stop until everything is in place,I highly recommend her, Many thanks Mel, Freda Fitzpatrick

    thumb freda fitzpatrick
    9/08/2022

    5 star review  Mel and Jerome were absolutely amazing. When I first made my enquires with Mel, she was so helpful, explained everything to me very clearly. My experience with My Life Insurance was very professional and updated me at every stage of my application. I would highly recommend My Life Insurance . Prompt, efficient, lovely manner all through out my application. Thank you for all your help. Suzanne

    thumb Suzanne Mc Donagh
    8/26/2022

    5 star review  Mel and Jerome were absolutely amazing. When I first made my enquires with Mel, she was so helpful, explained everything to me very clearly. My experience with My Life Insurance was very professional and updated me at every stage of my application. I would highly recommend My Life Insurance . Prompt, efficient, lovely manner all through out my application. Thank you for all your help. Suzanne

    thumb Suzanne Mc Donagh
    8/06/2022
  • 5 star review  Shane was extremely patient and knowledgeable. Thoroughly explaining all my options. The wider team also constantly kept me up to date on the status of the application and went above and beyond to ensure it all fell into place at the right time so there would be no delays in the drawdown

    thumb Leigh-Anne English
    7/28/2022

    5 star review  Mel was so professional and informative on all the services available and listened to my current needs to identify best policy for me. I would highly recommend her for any advice on life insurance. She really takes the time to ensure you get best deal possible

    thumb Sinead Finan
    7/21/2022

    5 star review  Highly recommend. They took all the hassle out of finding insurance. Pleasant experience dealing with Mel who handled our policy. It was a quick and easy process.

    thumb Danni O'Keeffe
    7/20/2022
  • 5 star review  I would like to extend my sincere gratitude to Mel in assisting me with my life insurance cover. Mel was extremely polite and professional during our correspondence and explained clearly and thoroughly the whole process throughout. Her knowledge and expertise are a credit and I would have no hesitation in recommending to others.

    thumb David Mulligan
    7/14/2022

    5 star review  Hi, great to actually speak to a real person , down to earth. Took in to consideration of my needs not what Mel could sell me . Of which was great a pleasure to deal with and at the end of conversation, was happy with my insurance and double explained to me . Just nice to deal with and not be confused.

    thumb nuala savage
    6/23/2022

    5 star review  I had an excellent experience with them! As English is not my native language, they did explain all the details patiently and in a very friendly manner. They didn't pressure me to make a quick decision, they respected my time and my financial limits. I strongly recommend their service. I also would like to point out Shane as a great person to explain every single detail!

    thumb Daniela Paixão
    6/16/2022
  • 5 star review  Fantastic experience. So professional and friendly. So fast with extremely prompt responses and always keeping us in the loop. Dealt with Mel penkoks and she was super. Really knew who stuff and was just lovely. And most importantly saved us a fortune. Really happy customer here

    thumb Natasha Lloyd
    5/31/2022

    5 star review  My Life Insurance made finding life insurance so simple and easy. We had no idea where to start! We submitted a query online and within a few hours Mel was on the phone to us with all our options. She was so helpful and friendly and made the whole process stress free. Highly recommend!!

    thumb Emma Sheehan
    5/05/2022

    5 star review  I was very happy with the service provided by my life insurance. It was all done very quickly and they understood exactly what life cover I needed and found me the most affordable cover. I would not hesitate to recommend them to anyone looking for life cover

    thumb Roisin Howson
    4/29/2022
  • 5 star review  Many thanks to Mel for her kindness, empathy and hard work. What could have been a difficult journey was made so much easier by her persistence, optimism and expertise and I will always be grateful. I now have peace of mind for the closest people in my life. I would definitely recommend.

    thumb Susan Dunne
    4/13/2022

    5 star review  Had been thinking about switching mortgage and life insurances for a while as we took the banks offer at the time just to get the mortgage over the line and secure our home. Talking with Mel at MyLife Insurance was brilliant. It opened up to us a much better offering and premium policies than what we were presently on through the bank. Priced competitively with plenty of options to choose and happy in the knowledge that we now know our protection is to a level that meets our new family needs.

    thumb Andrew Harley
    4/13/2022

    5 star review  I found Darragh really straight forward to deal with. Genuine enthusiasm for what he does and worked hard to get the best solutions for myself and my wife. Highly recommend.

    thumb Sean Walsh
    4/13/2022
  • 5 star review  To Mel - she's very professional. Helped and assist me to choose the correct and cheaper life policy suitable for my needs. Highly recommended! Thanks Mel 🙂

    thumb Hazel Faith
    4/12/2022

    5 star review  Great service and very easy to deal with , always phoned at a time that suited. Really found the advice great and listened to what I needed. Recommendations and suggestions where made on what suited me best , but above all that they saved me quite a substantial amount on my existing policy, I highly recommend you give them a try.

    thumb trevor kearns
    4/01/2022

    5 star review  Happy with the help. Was referred by a friend and they didnt let me down. Barry was helpful and explained the diferent products available and it was all done very quick

    thumb Stacey Ryder
    4/01/2022
  • 5 star review  Very professional and friendly service. Really appreciated been accommodated out of hours (after5pm). Mel provided a clarity around differences between mortgage protection and serious illness benefit. Overall our monthly premium significantly improved with additional benefits

    thumb Warren O Brien
    3/02/2022

    5 star review  5 stars for sure.... Mel was extremely friendly and most helpful to deal with, she made the process so so easy.... Very satisfied with the experience and how quickly and smoothly she got everything done.

    thumb tasha Ainscough
    2/23/2022

    5 star review  Very quick response from my life insurance. Darragh was very helpful in getting my insurance sorted he was always at the end of the phone if you needed him. I would highly recommend this company

    thumb Betty Murray
    2/16/2022
  • 5 star review  Amazing service. Explained everything really well and didn’t hang around. Would highly recommend. Thanks again Darragh and all the team

    thumb Conor O'meara
    2/10/2022

    5 star review  Great advice provided. Helpful, friendly and really patient with all my questions! Always available and quick to respond to any queries. Would highly recommend Darragh and his team.

    thumb elainehattie
    2/09/2022

    5 star review  A pleasure to deal with. No fuss, no pressure and very personal. Highly recommended

    thumb jamie kelly
    2/07/2022
  • 5 star review  Mel was very professional. Helped us choose the correct life policy suitable to our needs. Stress free consultation. No hesitation recommending Mel from My life insurance. Thank you Mel.

    thumb colin bell
    1/25/2022

    5 star review  I would highly recommend Darragh and his team in My Life Insurance. Darragh's extensive knowledge in this area meant out change over was speedy and seamless. The team are very responsive to all queries and helped us to save money on our policy.

    thumb Evelyn Kingston
    1/13/2022

    5 star review  Mel was so helpful to myself and my family and really listened to what we wanted rather than telling us. Great woman to deal with and so professional but also made things very easy. No hesitation in recommending this company to all

    thumb Clodagh Brandon
    12/22/2021
  • 5 star review  Mel was very prompt, professional and knowledgeable about all aspects of life assurance. From start to finish she made the process seamless and straightforward. I can’t recommend Mel and her team enough. 6 stars.

    thumb Thomas Mc crory
    12/10/2021

    5 star review  Absolutely amazing service. Was reluctant to change insurance company’s as thought it would be a lot of hassle but Darragh from my life insurance made the transition flawless.amazing after sales customer care also. Any questions answered so quickly and honestly. Would highly recommend checking them out and getting the best cover to suit the individual

    thumb Annemarie Rice
    12/06/2021

    5 star review  We went with Darragh O'Connor and Kelly O'Connor for our mortgage protection policy, a great family business to work with and always helpful with any questions at any time. Definitely going to stay with them going forward as we are very happy with the service and the friendly manner with which they provide the service

    thumb Shaunna Seavers
    12/03/2021

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