MortgageProtection

What is Mortgage Protection Insurance Cover?

A mortgage protection insurance policy will pay off your mortgage should you die. It runs for the complete term of your mortgage.

For example, if you take out a mortgage with a term of 30 years, your mortgage protection insurance must be in effect for 30 years.

It is a condition of every mortgage that mortgage protection insurance be put in place before the mortgage can be drawn down. However, you are allowed to change insurance providers during the term of your mortgage.

A basic mortgage protection policy won’t cover your repayments if you cannot work due to redundancy or illness. However, it is possible to modify your policy to include such risks.

Compare Mortgage Protection

Planalife provides a comprehensive mortgage protection insurance comparison service in Ireland.

We can find a cheap mortgage protection quote from one of Ireland’s major insurers,such as  Aviva, Friends First, New Ireland, Royal London or Zurich Life.

A basic mortgage protection policy won’t cover your repayments if you cannot work due to redundancy or illness. However, it is possible to modify your policy to include such risks.

Whether you’d like a single policy, a joint policy or a policy with serious illness cover, planalife can help you find the mortgage life insurance policy that best suits your unique requirements. We search a wide range of policies across multiple insurers and produce a mortgage protection insurance quote for you.