Mortgage Protection At Acorn Life

When it comes to your family, what do you hope for? That they will always be safe and have a roof over their heads if you are no longer there to take care of them? With the Mortgage Protection Plan from Acorn Life, it’s easy and affordable to ensure that your family would not lose their home if you die before your mortgage is paid off.

How Does It Work?

The Life Cover benefit is initially set based on the amount of your mortgage. As you pay off your mortgage, the cover is designed to reduce to reflect the reducing amount owed. The fact that the level of cover reduces over the term of your plan helps to keep the cost of this plan lower than other forms of life assurance. The amount of life cover you need and the length of time you should be protected for will depend on the amount of your mortgage and how long you have left to pay it off.

If you would like to know more about Acorn Life's Mortgage Protection Plan click here.

Why Acorn Life?

The Acorn Life Mortgage Protection Plan offers affordable, competitive cover with the minimum of fuss:

  • A Lump Sum payment of up to €1,000,000 paid in the event of you or your partner’s death.
  • The Lump Sum Cover reduces over the term of the plan to match your reducing mortgage.
  • No need for medicals or doctor’s reports for Life Cover Benefit up to €400,000 (up to age 49) or up to €150,000 (age 50 to 54)* 
  • Pay monthly by direct debit for convenience.

Take an example of a thirty year old couple. The following table shows the typical cost of a twenty five year policy. Note that initial life cover amount decreases over the term.

Initial Life cover Amount

Monthly Cost







* Cover is offered subject to the satisfactory completion of a short underwriting questionnaire.

Important: Please note that the above are only brief summaries of the features of the Mortgage Protection Plan. The full terms and conditions are set out in the relevant Policy Provisions.

For a summary of our Fees and Charges please click here.