Mortgage protection provides security for the people that matter most to you by protecting the family home if you die. This cover provides a form of Life assurance known as decreasing term assurance, which means the cover reduces over a chosen period of time by a specified interest rate, usually in line with your mortgage.
You can also add decreasing serious illness cover to your mortgage protection policy for an additional premium. This cover also reduces in line with your mortgage. On diagnosis of a serious illness covered by your insurance company your mortgage will be cleared.
If you took out a mortgage of €100,000 over 35 years you need to take out a mortgage protection policy of €100,000 over 35 years and if you die within the term the balance owed on the mortgage would be cleared once the premiums are paid up to date.
on 051 885358 or email@example.com