How does mortgage protection work?
This is also known as decreasing term assurance cover.
Everyone needs to be covered.
We are Mortgage Protection experts.
Mortgage protection’s sole purpose is to clear the outstanding balance on a mortgage if one
of the mortgage holders dies during the term of the mortgage. The amount of cover paid out equals whatever
is outstanding on your mortgage at the time.
You need this insurance when you’re borrowing money to buy a home in Ireland.
Do NOT accept what your bank is offering you! They are just too expensive.
Apart from it being a requirement of your mortgage lender
that you need to have this policy in place, it also makes sense given the huge impact it can have.
Save your money
When you are comparing like with like, lowest cost is best for your mortgage protection policy.
Look at this example:
A couple, both 35 years old, borrow €300,000 over a 30 year term to buy a home.
They need a mortgage protection policy to match this. Cover through FamilyCover would cost them €25.24 per month whereas this would cost them €36.90 per month through their mortgage lender!
One is 46% more expensive
than the other!
Is the more expensive one better or different in any way? No. They are the exact same product with the exact same purpose and the exact same benefits. Get your mortgage protection policy from familycover.ie.
It makes sense and saves you money.
Get in touch.
If you would like to explore how we can help you organise this cover quickly, over the phone or via Zoom chat, fill in the form below and we can get you on cover.
Ready to get started?
To organise your tailored, low-cost quote, we need to get some details from you.
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To get started - how many people are you looking to cover?