You must have mortgage protection before a bank will provide you with a mortgage. It is a form of life cover that will pay off the balance remaining on a mortgage on the death of one of the mortgage holders.
More About Your Policy • The term can be between two and 40 years
• Cover can be arranged on a single or joint life basis
Options You can include specified / serious illness cover which pays out a lump sum if you suffer from one of the specified conditions such as cancer, heart attack or stroke as detailed in the policy. Some companies offer a more comprehensive list of serious illnesses than others and our professional advisers will guide you through the options.
Children’s Cover If one of your children becomes seriously ill, your accelerated policy will pay out a percentage of your main benefit. In the tragic event of one of your children dying before a serious illness claim is paid, a death benefit will be payable.
Hospitalisation Cover This option pays a cash sum of between €50 and €200 each night you spend as an inpatient in hospital if your stay lasts more than three consecutive days and is applicable up to a maximum of one year.