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protecting your mortgage |
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As a Mortgage will probably be your biggest financial commitment, it is very important that you and/or your dependents are adequately protected in the event of your death, illness and/or unemployment. The support you will receive from the State in this respect is limited so it is your own responsibility to ensure adequate provision is made.
You will need to consider the following areas;
- Life Cover - a lump sum benefit payable in the event of death.
- Critical illness - a lump sum benefit payable in the event of diagnosis of a serious illness.
- Permanent Health Insurance - a monthly benefit if you are unable to work through accident or illness
- Unemployment cover - a monthly benefit if you are unable to work through involuntary unemployment.
- Mortgage Payment Protection Insurance - The cover will vary between insurers and will normally be arranged by the lender but is designed to protect your mortgage payments for 9 or 12 months in the event of you being unable to work through illness or involuntary unemployment.
We will assess your circumstances and provide advice on the level of provision that best suits you.
Click here to read more about Protection >>
Your home may be repossessed if you do not keep up repayments on your mortgage.
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