Mortgage protection
This plan pays a lump sum if you die during the term of your mortgage.
It is used to pay off your mortgage. The cover decreases as the amount decreases on your mortgage.
Mortgage protection insurance at a glance
Pays out a lump sum if you die during the term of the plan.
Your costs stay the same, however, the amount of cover decreases during the term of your plan.
You have an option to reduce the rate of the decrease by paying a slightly higher monthly amount.
Like other insurance contracts the costs will depend upon your age, health, benefit level, term of cover and rate of decrease.
Research has proven that those that engage with a professional advisor at least once a year are more financially confident.
More savings and investments
More likely to have a retirement plan
More financially protected in the event of illness, accident, diagnosis of a specified illness or even death
More secure and confident about their future
Higher annual savings, larger pension funds, wealth growth, adding considerably to your financial well being and helping you achieve your goals.
Source; Ireland (Standard Life report), UK (Unbiased/Standard life report), Australia (KPMG Econtech report) and Canada (CIRAMNO report).