Popular Life Insurance FAQs

Yes! If you have a mortgage, you’ll need mortgage protection. In most cases, your lender will require you to have a policy in place before they approve your mortgage.

What Does Mortgage Protection Cover?

Your policy will pay off your mortgage if you pass away during the term of your plan. You can choose from:

• Single Cover – Pays the outstanding mortgage balance if you pass away during the policy term.

• Joint Cover – Covers both you and your partner, paying off the mortgage if either of you passes away during the term. This payment is made once only.

Need more details? See our Policy Documents for more information.

The time it takes to settle a claim depends on the details of your case. Every claim is different, and some take longer than others. But you can help speed things up by:

• Giving us all the information we need when you make your claim
• Staying in touch with your claims handler
• Sending any requested documents as soon as possible

Want to know more? Check out our detailed guide: How long does it take to settle an insurance claim?.

Life insurance provides a lump-sum payment to your family if you pass away within the policy term (term insurance). They can use this money for expenses like mortgages or bills, offering vital financial support.

Learn more at: What is Life Insurance and why do I need it?.

Mortgage Protection is a Life Insurance policy designed to clear your outstanding mortgage balance if you pass away during the mortgage term.

It's typically assigned to your lender and reduces as you repay your mortgage, provided repayments remain current and interest rates don't significantly exceed assumptions.

You can pay for your 123.ie policy online or over the phone using a debit or credit card. If you'd rather spread the cost, set up a direct debit online or by phone.

Direct debit setup and management via the My123 portal is only available for Car Insurance and Home Insurance policies only. You can use it to:

• Set up a new direct debit
• Pay any arrears
• Change bank details
• Choose a preferred payment date
• For 123GO, some features (e.g. policy amendments) aren’t yet live in My123.

If you hold another product (Van, Travel, Health or Life), you’ll need to arrange direct debit or card payments by calling our Customer Care team.

For more detailed information on payment methods and managing your policy, please refer to: How can I pay for my insurance policy?

If your direct debit has failed, easily settle your payment online via My123 using a
credit or debit card. Please note that we can't accept payments by cheque, bank draft, or postal order.

For further details, see How do I pay my direct debit arrears?.

To cancel your policy, submit your request to 123.ie by:

1. Email

Send an email to info@123.ie to get cancellation guidance tailored to your specific situation.

1. You can also call one of the following numbers:

   1. Car, Home, Young Drivers, Landlord - 01 524 6029
   2. Health - 01 518 1400
   3. Travel - 091 501 677
   4. Van - 01 241 8585
   5. Life - 01 704 1010

2. You can also mail your cancellation request via Post to - 123.ie, RSA House, Dundrum Town Centre, Sandyford Road, Dundrum, Dublin 16, D16FC92.

If you've received your insurance certificate and disc, please destroy them. Be aware that a cancellation fee may also apply.

When you cancel at any time, we’ll refund the unused portion of your premium on a pro‑rata basis, less any fixed‑expense deduction. A cancellation fee may also apply.

Need help with cancellation or fees? Our team is happy to assist. Contact us for guidance tailored to your policy, or find more details on: How to cancel your policy.