Mortgage Protection
Buying a house can be one of the most exciting and biggest purchases you’ll ever make. That’s why when it comes to protecting your home, it’s important that you have a simple and cost effective Mortgage Protection Plan. Bank of Ireland Life’s Plan is designed to pay off the balance of your mortgage if you die and also gives you the option of covering your mortgage costs if you become critically ill. You select
A) The level of cover you need - That's based on the mortgage amount and
B) The length of time you need it for - That's the mortgage term.
C) The type of cover - Life Cover only or Life and Specified Illness Cover
With a Mortgage Protection plan, the level of cover is designed to reduce each month in line with your mortgage, reflecting the fact that you are gradually paying off your mortgage.
Mortgage Protection – OPTIONS & BENEFITS
You select one of the following Plans based on your needs and what's important to you.
LIFE COVER
- Designed to pay off your mortgage in the event of your death.
- Provides you with peace of mind knowing that one of your most valuable assets is financially protected.
- The amount of cover and the length of the term selected directly reflects your mortgage details
LIFE COVER & SPECIFIED ILLNESS COVER
- Designed to pay off your mortgage in the event of your death or if you are diagnosed with any of the specified illnesses we cover.
- Offers financial security when you need it most, so you can focus on getting better.