About Life Insurance
Why get life insurance? It’s something nobody really wants to think about. Life insurance in its most basic form pays a lump sum on your death.
Why Get Life Insurance
- Do you have a partner/spouse or any kids? It is really important to make sure you leave them with a correct level financial protection if the worst was to happen to you.
- You are the primary income that others depend on? You need to be covered in the event of loss of income.
- If you carry any kind of debt like mortgages or medium term loans that would require clearing upon your death or serious illness.
- Large future expenses like secondary or college education fees for your children’s education to be secured.
It is important to cover your bases and get some quotes for life insurance. There are loads of options for life insurance like illness cover, indexation and conversion and you can find out more about those life insurance options here.
About Mortgage Protection
If you have a mortgage you need mortgage protection. We can quote mortgage protection for both you and your partner from all major insurers in Ireland.
When you buy mortgage protection you will have to designate your lender as the beneficiary of your mortgage protection policy. This is super easy to do, and we’ll make sure that it is completed.
If you or your partner die, your mortgage protection pays the euro amount of cover bought directly to your lender. If there is any money left over after the mortgage has been paid in full it will be transferred to your estate.
MORTGAGE PROTECTION SWITCHING POLICY
You can change your mortgage protection policy during your mortgage term, it’s your choice. Don’t cancel your mortgage protection policy unless you have another in place.