Mortgage Protection

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.Mortgage-Protection1

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.

Example

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.

 

contact-us-girl3Contact us today at Foskin Financial for a free no obligation quote

on 051 885358 or foskinp@eircom.net