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Which Life Insurance Company Do We Recommend in 2022?

  1. Mortgage Protection if you’re not married | Two single life of another, life insurance policies with a bit extra to cover the inheritance tax
  2. Mortgage Protection if you’re married | Dual Life convertible policy from Royal London
  3. High Premium Mortgage Protection (over €50 per month) | Zurich Life
  4. Life Insurance | Zurich Life
  5. Life Insurance & Accelerated Serious Illness Cover | New Ireland
  6. Whole of Life Cover with Cashback | Royal London
  7. Standard Whole of Life Cover | Zurich Life
  8. Standalone Serious Illness Cover | New Ireland
  9. Guaranteed Income Protection | Aviva, although Royal London’s current discounts are attractive.
  10. Reviewable Income Protection | Aviva
  11. Pension Term Assurance | Royal London

Money, money, money.

It’s a rich man’s world.

Or so sang ABBA on their 1976 pop banger.

You might think that price is the most important factor when it comes to life insurance.

Sure, you’ve filled in your details and used an online quote calculator for Life Insurance, and you’ve got a list of insurers with prices listed from cheapest to most expensive.

You’re probably thinking it’s just a case picking the cheapest quote.

As it so happens, it’s not just a case of picking whichever life insurance provider is cheaper.

So what else do you need to consider?

Looking for the best life insurance provider but don’t know where to begin?

If you’ve landed on this page, you either clicked out of curiosity or desperation.

Either way, if you’re looking for guidance on choosing the best life insurance, you’ve come to the right place.

Whether you’re a first-time buyer and you haven’t a clue where to start or a frazzled parent looking at cover to protect your nearest and dearest, everything you need to choose the perfect provider is right here.

Who is the best life insurance company in Ireland?

If you’re considering buying life insurance cover, you’ve done some research on the web, and you’ve probably encountered some discussions about which insurer is the best.

Can I let you in on a little secret?

There is no “best”.

You see, the best life insurance company for me may not be the one for you…because we have different needs to protect (unless you also have three kids under 12 and a Celtic Tiger mortgage!)

The purpose of this article is to examine the 5 life insurance providers in Ireland under 5 headings:

compare life insurance ireland chart

Once you have read our comprehensive review of Irish life insurance providers, you’ll be well on your way to making up your mind as to which insurer is best for you and your family.

1. Which Life Insurance Company Offers the Most Benefits?

Each insurer tries to differentiate itself on the benefits it offers.

Aviva – Access to Best Doctors

Royal London- Dual life mortgage protection

Irish Life – Best for children’s cover

New Ireland – Free whole of life cover

Zurich Life – Offers Cancer only Cover

Acorn Life – We don’t deal with them

Standard Life – You may see some brokers mention Standard Life on their website, but this is misleading. Standard Life doesn’t offer protection products. Standard Life is an investment manager. If you see a broker promoting them in connection with a life insurance product, you should tread carefully.

2. Which Life Insurance Company Gives the Cheapest Price?

Some insurers will now match the lowest price available in the market and offer further discounts.

Since 2020, Aviva, Irish Life and Zurich Life do not price match, although Zurich Life offers discounted premiums to brokers.

The discounts change all the time, but we keep on top of them.

You can get a quote (including the latest discounts) here.

3. Which Life Insurance Company Provides the Quickest Service?

Zurich is the most efficient insurer currently (Jan 2022 – but this can change so check in with us). They are the quickest at approving your application and issuing your policy.

If the insurer requires a PMAR, your timeline will depend on how long it takes your GP to complete and send back the report.

On average, it takes four weeks for the GP to return the report to the insurer.

We can print policy certificates for Aviva and Zurich in our office, which speeds up your documents’ delivery by a couple of days.

4. Which Life Insurance Company Doesn’t Need Medicals for Underwriting?

This is important, so listen carefully at the back!

If you have “a clean proposal” – no medical issues and no family history of medical issues, the insurer will instantly offer you cover.

However, even in cases of perfect health, the insurance company may insist on further medical information due to your age or the amount of cover you need.

In summary, if you feel that your age (40+) or level of cover (€500k+) will be a factor, please get in touch, and we can recommend the insurer with the least demanding medical requirements.

Finally, run it by us first if you have a medical condition. Some insurers are more lenient for certain illnesses than others.

e.g. one insurer would increase your premium substantially for being overweight while another may offer you the normal price.

5. Life Insurance Claims

For me, life insurance is all about the claim.

It’s great getting cover with great benefits, at a good price, with impeccable service and sympathetic underwriting, but this counts for nought if the insurer doesn’t pay your claim.

Claims are so important; they deserve an article of their own.

Which Life Insurance Company Do We Recommend?

It’s the dreaded “it depends”.

It depends on, among other things:

As I said at the start, there is no “best” insurer, especially if you have any pre-existing conditions.

Our favourite mortgage protection provider

royal london logo

I have to hand it to Royal London, they vastly improved their mortgage protection a while back, and it’s still the best in class.

The big change they made is to offer dual life mortgage protection for the same price as joint life mortgage protection. In effect, you get double the cover with dual life.

But what if you’re single, do I still recommend Royal London?

Yes, because they also offer a conversion option on their mortgage protection policies.

A conversion option lets you t

-urn your mortgage protection (a policy where your cover reduces over time)

-into a life insurance policy (a policy where your cover doesn’t reduce)

-in the future without answering health questions.

Why is this important?

Let’s say you buy a house now, but you want to trade up in five years. And the term on the new mortgage is longer than the remaining term on your existing policy.

You may have to reread that before it sinks in.

Still with me?


Usually, this isn’t an issue. You apply for a new policy over the longer term. But what if you suffered a health issue since you took out your policy and now you can’t get a new one?

Are your dreams of a new home over?

No, because the  conversion option rides in on their loyal steed in to save the day

You can convert your current mortgage protection to a life insurance policy with a longer-term without answering medical questions. If you need additional coverage, you can exercise the guaranteed insurability option.

Royal London has also made improvements that you won’t notice but make my Life as a broker easier, so kudos for that.

However…if you have a medical issue, Royal London may not be the best provider for you. Always check with me before you apply, and I can advise whether you should apply to a more sympathetic insurer for your condition.

By the way, I’m not knocking Royal London for their underwriting; this is true for all insurers. Insurer A may be best for you if you have a high BMI, insurer B best for you if you have mental health issues, and insurer C best for you if you have heart issues.

That’s just the way it is. No insurer is best for ALL medical issues. That’s why we recommend various providers, as you’ll see in the table below.

Our favourite life insurance provider

Zurich Life logo

Zurich has an excellent life insurance product but let’s be honest. They also have the largest discounts on life insurance premiums. When all other benefits are equal, price is usually the deciding factor.

Unlike the other providers, Zurich also offers discounts when you add specified illness cover to their life insurance, making them very competitive and hard not to ignore.

Let’s take the price off the table and move on to the most important benefit life insurance offers – the claim, i.e. the probability of your policy paying out. Zurich has a very fair claims philosophy; only in the worst cases of non-disclosure or fraud will they decline a claim. Therefore I’m comfortable recommending them as the last thing I want is to have an issue should you have to make a claim.

Our favourite income protection provider


Aviva is our favourite income protection provider for the fourth year in a row. And I can’t see that changing until I can vouch for how the other providers deal with claims. Some other providers are new to the personal income protection market, so they have only paid a handful of claims.

In 2019, Aviva paid €45,000,000 (up from €42m in 2018)  and invested nearly €200,000 in rehabilitation and retraining programmes, benefiting close to 100 claimants.

Unlike the other providers who offer discounts to make their product more attractive, Aviva don’t, and I applaud them for that. Their income protection product stands alone and is worth a few extra quid per month. To be fair to them, they usually offer the lowest premium in most cases.

You also get access to Best Doctors with all Aviva policies – yet another reason to recommend them.

However…and this is important, Aviva can be quite strict regarding occupation classes. Your occupation affects the price of your income protection. There are four different occupation classes, with one being the lowest risk 4 being the highest. If you find yourself classed as a 2, 3 or 4 with Aviva, you may do better at another insurer. Let me know.

Also, as of now, Jan 2022, Royal London are offering aggressive discounts on their policy thus making them a much cheaper alternative to Aviva.

Our favourite critical illness cover provider

This one is very close, and it’s a toss-up between Zurich Life and New Ireland.

We couldn’t call it, so we wrote an in-depth serious illness comparison article so you can make up your mind.

The insurers we trusted to protect you in 2021

Here’s the breakdown of where we insured our clients last year:


recommended life insurance provider 2021

Did you know we’re the only life insurance broker that publishes these figures every year?

What have the others got to hide?


Over to you…

I’m just a broker standing in front of a potential customer asking you to love me.

That probably works better for Julia Roberts and Hugh Grant.

In all seriousness, if you want someone to crunch the numbers, weigh up the benefits, explain what each policy offers, or do it all for you, give me a call on 057 93 20836 or complete this questionnaire.

Life Insurance is never as complicated or expensive as you think.

Talk soon!


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057 93 20836

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