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  Just upgraded my life insurance policy with Darragh. Third policy to buy from him. Very professional and helpful, whilst not being pushy. He went over and beyond the normal level to help me get the cover I needed for myself and my family. He deserves a 10 out of 10 for his patience. Very thankful to him and his team for all their help, I am content with the level of insurance and the price of the policy. Couldn't recommend him highly enough.

    thumb Alan Duffy
    6/15/2021

    5 star review  Thanks to Darragh and the team for the quick efficient service. They were a great help and gave a prompt response to what I needed.

    thumb Dee E
    6/14/2021

    5 star review  Mel and her Team have been extremely helpful, very friendly and extremely informative always keeping us updated and informed on our Insurance and got us the best option for us as a family. I highly recommend Mel and her team as myself and my family were so happy with the work they have done for us with getting our policy

    thumb Rebecca Rogan
    6/05/2021
  • 5 star review  Mel is a really nice lady I was a bit nervous about setting up life insurance, especially over the phone but she was very reassuring, more like a friend then a sales rep, she talked me through any questions that I was unsure of and put my mind at ease, she is very patient as I wanted to read all my documents before I made a decision and was happy to agree to going ahead with my quote thanks Mel ❤️

    thumb Kelly gore
    6/02/2021

    5 star review  Mel was great! She explained all the options available, the pros cons. She was patient, friendly and professional. I highly recommend her.

    thumb Bridget McDonagh
    5/17/2021

    5 star review  I taught Mel was very helpful with all my questions. She call me back time that suits me as my work timetable changes each week. I would highly recommend Mel for insurance company. Mel is great listening to want you want and need that suit your butget. Thanks you Caroline

    thumb Caroline Hawkins
    4/20/2021
  • 5 star review  I had a great experience with My Life Insurance. Honest and professional from the start, what I thought would be a difficult thing to set up turned out to be very simple.

    thumb Noreen Smith
    3/29/2021

    5 star review  I found Mel to be so informative and explained everything in great detail, she is such a lovely person to deal with and also saved us money. A truly professional company that I would highly and gladly recommend to anyone.

    thumb Lisa Gibney
    3/26/2021

    5 star review  

    thumb Stephanie Hand
    3/16/2021
  • 5 star review  I’ve been dealing with Darragh for the past year and I can not recommend him and his company enough . He goes above and beyond his call of duty to ensure all his customers are happy . Very professional service and not as expensive as people may think for life insurance . Thanks again Darragh for all your help and advice over the last year . John

    thumb John Phelan
    3/13/2021

    5 star review  I came across this company through a Facebook post and early one morning sent a message requesting more information. A couple of hours later a lovely lady called Mel called me. She was very informative about the different policies available to me and could save me €29 a month on life insurance. With even better benefits than my previous insurer. All could be done over the phone and Mel could even talk through my two screaming kids with no judgement. I found Mel really easy to speak to about such a hard thing for so many people to talk about, providing for my children after death. I’m thrilled with this saving and I will definitely be recommending this company to everyone of my friends and family. Thanks again

    thumb Louise Foyle
    3/11/2021

    5 star review  Had a policy that I took out with the bank, was able to get a much better policy for a lower price. Also love the fact that I will get an annual review moving forward

    thumb Mary Ashford
    3/04/2021
  • 5 star review  Got a life insurance quote from My Life Insurance & I have to say, one of the best places I’ve gone to. I was in touch with Darragh. The personalised advice I got was next level.

    thumb Cillin Hughes
    10/14/2020

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