Mortgage Protection · Royal London
Royal London Mortgage Protection in Ireland
Royal London is one of the providers we can compare for your mortgage protection. Its policy lets you choose how quickly your cover reduces, add cover for specified serious illnesses and use a free nurse support service. Below is what the policy includes, based on Royal London’s customer guide, so you can see whether it fits your mortgage.
Last reviewed by Debbie Cheevers, QFA, RPA · 22 October 2026
What Royal London mortgage protection includes
Royal London mortgage protection pays a lump sum to clear your mortgage if you die during the term. You can also add serious illness cover, which pays if you are diagnosed with one of the illnesses defined in the policy conditions. The cover reduces each month in line with a repayment mortgage.
- Terminal illness benefit: the full life cover is paid early if the person covered is diagnosed with a terminal illness and is not expected to survive 12 months.
- Special events increase: raise your cover without new medical evidence after a mortgage increase, marriage, or the birth or adoption of a child. Limits apply, and the option ends at age 55.
- Children’s cover is included: €5,000 if a child dies, and a serious illness payment for a child of 50% of your serious illness cover, up to €25,000.
- Helping Hand: support from a dedicated RedArc nurse, available from the start of the policy at no extra cost.
- Optional conversion: for an extra premium, convert to another policy later without new health evidence, until age 70.
- Separation option: split a joint or dual policy into separate single policies later without new health details, if both people are accepted on standard terms and agree in writing (Royal London key features document, 08/2024).
Your cover options
Royal London lets you build the policy in three layers: what it pays for, who is covered and how quickly the cover reduces.
Life cover only
Pays a lump sum if the person covered dies within the term. This is the simpler option, without serious illness cover.
Life cover with serious illness cover
Also pays a lump sum if you are diagnosed with a specified serious illness. A serious illness claim reduces your life cover, and only illnesses defined in the policy conditions are covered.
Single, joint or dual
With joint cover, a claim on either life reduces the overall cover. With dual cover, each life is covered independently, so a claim on one does not affect the other. We confirm the combinations available when we prepare your quote.
How the interest rate option works
Royal London reduces your cover each month as if you were repaying a mortgage at 6%, 9% or 13%. A higher rate keeps your cover higher for longer, and the premium is higher too.
- The 13% option is not available with serious illness cover.
- If your mortgage rate is higher than the rate you choose, or your mortgage terms change, the cover may not fully repay your mortgage.
- The premium is guaranteed not to change during the term, although government levies can change.
We will talk you through which option fits your mortgage when we prepare your quote.
Is Royal London the right fit?
Worth a closer look if
You want a choice of interest rate option, a long list of illnesses covered, or support from a nurse during illness or bereavement. Royal London also includes children’s cover and an option to increase cover after life events.
Check before you decide
Serious illness claims reduce your life cover, the 13% option is not available with serious illness cover, and the increase option ends at age 55. Premiums depend on your age, health, smoking status, occupation and pastimes, so we compare the price against other providers.
Compare Royal London with other providers
Royal London is one of several providers we can arrange mortgage protection with. For life insurance, we are whole-of-market: we have agency agreements with all life companies in Ireland, so we can compare every option for you. See how the others differ:
- New Ireland – flexible Life Choice Home plans and a convertible option
- Irish Life – single, dual and joint cover with optional specified illness cover
- Zurich – a convertible option and partner cover on one policy
- Aviva – optional specified illness cover and a second medical opinion service
- Our mortgage protection guide – how it works, who needs it and what affects the cost
We work with Ireland’s leading life & pension companies
Frequently asked questions
How many illnesses does Royal London serious illness cover include?
Under Royal London’s customer guide, 59 specified serious illnesses are paid in full and 53 more are paid as partial payments, capped at €15,000 or 50% of your serious illness cover, whichever is lower. Only illnesses defined in the policy conditions are covered, so conditions such as broken bones are not paid.
What are the interest rate options?
Your cover reduces monthly in line with a repayment mortgage at 6%, 9% or 13%. A higher rate keeps your cover higher and costs more. The 13% option is not available with serious illness cover.
Can I increase my cover later without a medical?
Royal London’s special events increase lets you raise your cover without new medical evidence after a mortgage increase, marriage, or the birth or adoption of a child. Limits apply, and the option ends at age 55.
What is Helping Hand?
A support service from a dedicated RedArc nurse for illness or bereavement. It is available from the start of the policy at no extra cost.
Does Royal London pay out on a terminal illness?
Yes. The full life cover is paid early if the person covered is diagnosed with a terminal illness and is not expected to survive 12 months, subject to the policy conditions.
What is the difference between joint and dual cover?
With joint cover, a claim on either life reduces the overall cover. With dual cover, each life is covered independently, and a claim on one does not affect the other.
Can I reinstate a Royal London policy that has lapsed?
Royal London’s key features document (08/2024) says a lapsed policy can be reinstated within 100 days without a Declaration of Health form, or at Royal London’s discretion within 12 months with one.
See how Royal London compares for your mortgage
Talk to a Greenway adviser for free. We will compare Royal London against the other providers we arrange cover with, and set it up so your cover is in place for drawdown.