Mortgage Protection
Life Home Cover gives you peace of mind that if you die during the term of your mortgage, your family will not have to struggle to pay off your mortgage. The amount of life cover you need will depend on your mortgage and how long you have left to pay off your mortgage.
Who will Life Home Cover Protect?
You have two options:
- Single Cover, your mortgage will be protected if you die during the term of the plan
- Joint Cover (you and your partner), your mortgage will be protected if you or your partner die during the term of the plan. There is only one payment made.
Extra Cover
A pay out if you suffer a terminal Illness
If you are diagnosed as having a terminal illness, your plan will pay out to you straight away.
Accidental Death Benefit
This benefit is offered by the Life Company from the time they receive your completed application form provided you are under the age of 55. If you were to die accidentally during this time the life company will pay out the life cover amount up to a max of €150,000. However cover will not be paid if the application is stopped/offered special terms/declined/postponed/and or 30 days.
Children’s Cover
Life cover of €6,000 for your children is included automatically under the age of 21.
Term
The maximum age at which you can take out cover is 74; the maximum term is up to age 80 years.
How Much does it Cost?
The amount you pay will depend on your sex, your age, your health, whether you smoke, how much protection you want and for how long. The min you can pay each month is €13.
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