Mortgage protection is a specific type of life insurance and is usually compulsory to have if you are planning on buying your home through a mortgage provider. Your mortgage protection plan will pay off the outstanding balance on your mortgage if you become seriously ill or die.
Why do I need Mortgage Protection.
The reason you need it in place is It ensures that your family will not have the financial burden & stress of repaying the mortgage, should something happen to you. Most of us are living healthier lives nowadays. This has resulted in the insurance companies offering me & you better-priced mortgage protection.
Are you one of those people who took out a mortgage 10 years ago? There is a very good chance you are overpaying. Maybe it’s time for you to look into switching or at least finding out if you have a good deal or not. Remember your mortgage protection generally speaking decreases as your mortgage decreases.
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More bad news for smokers.
Switching mortgage protection cover.
Consider your options.
Assigned to your bank
Considered Changing, Now what?
Step 6 - Optional.
If you feel you have more questions you need answering, why not check out our Mortgage Protection FAQ'S or contact us today.
I can’t recommend enough. PJ Heneghan – Co. Mayo