Getting a life insurance policy may not necessarily leave your loved ones with a fortune, but they can pay off debts and other expenses that may be incurred after you’re gone.
To help you out on that, you might want to check out our list of the best life insurance brokers and providers in Dublin. We noted their pros and cons, as well as other information you might need.
Before availing a life insurance policy, it’s equally important to know how much premiums you’ll have to spend monthly first. If you’re ready, let’s move on and discuss that.
How much does it cost to get life insurance in Dublin?
If you’ve never taken out any insurance policy before, then the first thing you should know is that you must pay a monthly premium throughout your policy term to avail its benefits. For instance, if your policy term spans 10 years, then you must pay a monthly premium for 10 years.
The cost of a life insurance policy will depend on several factors including age, gender, medical history, overall health, and additional cover for your family.
For reference, a life insurance policy for a 30-year term quote can range from €15 to €200 on average, depending on the age and health of the insured person. As you can see, there’s no one-size-fits-all answer to this question.
On the other hand, brokers normally earn a fixed commission for every successful life insurance application. Some brokers charge admin fees to cover application costs while others don’t.
The best thing you can do is to contact your chosen insurance provider or broker so they can get you an accurate quote. You may find our entries’ contact details in the section below.
The Best Life Insurance Providers & Brokers in Dublin
Here are the three main things that we looked at in coming up with this list:
In no particular order, here are the top insurance providers and brokers that you can find in Dublin!
1. Aviva Insurance
When it comes to insurers, Aviva is easily one of the most recognisable ones around the world. They offer an extensive selection of insurance products for different purposes, ranging from life insurance to home insurance.
We included them here for many reasons, but one prominent one that’s worth mentioning: affordability. They have one of the most affordable life insurance policies around, beginning at €10 per month for a cover of €165,000.
Of course, this will still depend on the insured person’s age and circumstances. But for what it’s worth, Aviva allows plenty of flexibility to customise your policy according to your needs—and this is another reason why we had to recommend them.
There are 2 types of life insurance products here: term insurance and convertible term insurance.
The former allows you to select the length of your policy, from 2 to 50 years. Meanwhile, the latter gives you the option of converting your plan to a new one at any time before expiry, without the need to provide further medical information.
We also love the fact that insured individuals get access to Aviva’s panel of specialists who can give you a second opinion if you get diagnosed with a serious illness later on.
Counselling and psychotherapy services are also available for you and your family, which makes this policy all the more attractive.
Just make sure to read the fine print before purchasing this policy since there are a couple of additional fees involved.
Pros
- Affordable premiums
- Flexible plans available
- Access to panel of doctors for second opinions
- Access to counselling services
- Free accidental death cover
Cons
- Whole life insurance unavailable
- Additional charges apply
- Closed on weekends
Customer Reviews
Felt well served
“I had a number of questions which were answered in a friendly and knowledgeable way. The call was answered quickly and I felt well served. We now have 4 Aviva products and I wouldn’t hesitate to recommend this company.” —Sylvia, Google Reviews
Explained policy and pricing without putting pressure
“Polite, Friendly, knowledgeable and clear. Explained policy and pricing without putting undue pressure on sale. Set out stall from beginning so I knew this was best quote on price and haggling wasn’t required.” —John Lauritsch, Google Reviews
2. Zurich Insurance
Zurich Insurance is another well-known insurer offering a wide range of products. From farm insurance to life insurance, they have all sorts of policies available that can suit whatever requirement you have.
In terms of the latter, we like that they have several types of life insurance products including term life insurance, serious illness cover, whole life insurance, just to name a few.
We think that this would give you plenty of choices to find the most appropriate one for your family. Whichever you decide to purchase, you’ll have the option of adding optional benefits.
For instance, you can add a serious illness cover on top of your term life insurance policy. This additional cover will provide you with a one-off lump sum if you are diagnosed with a specific serious illness within the policy term.
With a term life insurance policy, you’ll also be given the flexibility of either getting a lump sum for your beneficiaries or spreading the benefits out on a monthly basis until the end of the policy term.
This flexibility is something that we really like in Zurich Insurance. And because there are literally plenty of options available, it can get pretty confusing for some.
In that case, we highly recommend ringing up Zurich Insurance so they can help you find the best policy for your needs. We also suggest using their free online calculator—a tool that gets you a rough estimate of the premiums you’ll have to pay.
We should warn you though that we’ve also heard of some complaints about poor customer service and the slow processing of claims. So, make sure to take this into account before purchasing an insurance policy from them.
Pros
- Affordable premiums
- Flexible plans available
- Wide range of products
- Instant quote tool available
Cons
- Closed on weekends
- Relatively short policy term for term life insurance
- Reports about poor customer service
Customer Reviews
Really kind and helpful
“One of the best customer service experiences I have had. Listened really well and were really kind and helpful.” —CJ Jiver, Google Reviews
Very helpful and professional
“Got insurance from zurich and to say they have been by far the best company i ever got insurance with. Dealt with a girl called Robin and she was absolutely lovely, she was very helpful and very professional, also Robin was full of laughs and jokes which made my experience even better 😁 i would definitely recommend zurich and if you get robin you are definitely in great hands 😁 thanks Again guys.” —Finbar Moran, Google Reviews
3. My Life Insurance
Unlike other insurance brokers, what made My Life Insurance stand out from the rest is that they specialise in different types of life insurance policies.
From term life insurance to income protection, they can help you find the most suitable and affordable cover for your family, thanks to their network of reputable life insurance providers. This includes Aviva, Irish Life, New Ireland Assurance, Royal London, and Zurich.
Their focus on life insurance tells us that they know exactly what they’re talking about, and what product to recommend based on your circumstances.
The lack of related insurance products like car or home insurance can be a drawback for some. Nonetheless, we can say that they’re very reliable in the services they offer—albeit a bit limited.
We love how easy it is to deal with them. From the initial call to paperwork processing, they’re efficient throughout the process, which can also be evidenced by their stellar reviews online.
One of the perks in engaging insurance brokers is that they can help you process claims too. And My Life Insurance can definitely assist you with that at no additional cost.
Pros
- Variety of insurers available
- Free claims care
- Flexible plans available
- Different types of life insurance products available
- Free service/quote
Cons
- Closed on weekends
- Short hours on Fridays
- No other insurance products available
Customer Reviews
So lovely to deal with
“Mel was so lovely to deal with, I didn’t really understand what I needed when looking alone but when Mel got in touch she explained everything and I then knew what I needed. I ended up getting exactly what i wanted for less then i was already paying.. Thank you x” —Emma Ford, Google Reviews
Made the whole process easy to understand
“Don’t really leave reviews but I feel this company deserves one. Great experience with My Life Insurance and will definitely be recommending! Barry and Kelly were very responsive to any questions we had, in particular Barry was a delight to talk to and he made the whole process easy to understand. He is an absolute treasure to the family business. Thanks again guys for making our life easier for us during our application. For anyone that is unsure about the process of insurance this the the company for you!” —Tara Mcbrearty, Google Reviews
4. Pike Insurance Services
Pike Insurance Services is an all-around insurance broker offering a wide range of insurance products including life, car, home, and tradesman insurance.
They work with different insurance providers to get you the best deal available on the market today. We like that they work with a large network of insurance providers, which truly allows them to find the most fitting policy for your family’s needs.
On top of that, they also have a relatively large team of insurance brokers, all of whom hold many years of industry experience. Having a large team also means that they can accommodate plenty of clients, so availability won’t be much of a problem here, we think.
Just take note that charges will apply for new and renewal applications to cover the cost of setting up and administering policies. So beyond your monthly premiums, make sure to take these additional costs into account before engaging their services.
Don’t worry, they’ll inform you of all costs involved before taking out or renewing a policy. Alternatively, you can also check out their website for an easy reference of fees that you can expect.
Pros
- Wide range of insurance products
- Large network of insurers
- Flexible plans available
- Free quote
- Large team of insurance advisors
Cons
- Admin charges apply
- Closed on weekends
- Relatively far location
Customer Reviews
Whole process was simple and straightforward
“Fantastic company, I got through straight away to a very pleasant and efficient lady called Kerrie, no waiting around. The whole process was simple and straightforward. They offer a premium service and good value. My husband had to make a claim for Jury service as part of his home insurance policy a few years ago and again he found them very easy to deal with, very helpful with no issues. I’d highly recommend them for insurance.” —Helen Corcoran, Google Reviews
Pleasure to deal with
“Made contact 9.15 am. Insurance active by 12 noon and having saved a shade over €500 on the best quote I’d managed anywhere else. Absolutely delighted! They are also a pleasure to deal with over the phone and by email. I will be moving my home and life insurance policies over to them on next renewal. Can’t recommend more highly!” —Jonathan Harvey, Google Reviews
5. Cornmarket
At first glance, Cornmarket may seem like an insurance provider. But actually, they’re an insurance brokerage firm that uniquely focuses on providing the best deal for public sector employees.
Why this specific market? That’s because public sector employees are bound to have complex pension rules, and they saw the need to provide a range of financial services for them.
So, if you’re a member of a trade union, for instance, it’s safe to assume that this broker understands the complexities of your sector. Whether you need life insurance or home insurance, Cornmarket can get you a good deal for you and your family.
From what we’ve seen, their network of insurers includes highly regarded ones such as Aviva, which we’ve featured above, and Royal London. It’s just a shame that they don’t have a full list of insurers they work with online though.
Still, they can find the most suitable policy available, which can be modified as you unlock huge milestones in your life.
They also offer a free life insurance review to see whether your cover is the right fit for your life or not. While this free service can look enticing, we highly recommend taking it with a grain of salt, especially if they end up pushing for a specific policy.
Pros
- Ideal for public sector employees
- Wide range of insurance products
- Other financial services available
- Free life insurance review
- Flexible plans available
Cons
- No information on admin fees
- No list of insurance providers
Customer Reviews
Great value for money
“Excellent, professional service that covers all my needs. Very easy and quick to get cover. Great value for money. Would highly recommend.” — CC, Google Reviews
Very quickly compared my policy against others
“After a long number of years with a Health Insurance provider, I contacted Cornmarket to see if I could find a better deal. The reason I never changed provider before was that I dreaded the hassle of having to compare the details of benefits in various providers. It was so easy to deal with Cornmarket, they very quickly compared my policy against others and came back with an option with a different provider which gave me better benefits at significant less cost. The Advisor I dealt with, Juan, Curley, was very helpful and very good at explaining the detail. I would highly recommend Cornmarket.” —Patricia Normanly, Google Reviews