Mortgage Payment Protection Insurance.

 What is mortgage payment protection insurance?

This insurance protects your mortgage payments if you are unable to work due to an accident or illness.

What problem does it solve?

If you suffer an accident or illness which prevents you from working, you do not need the added pressure of trying to find the money to meet your mortgage repayments.

A mortgage payment protection policy is designed to help you to avoid going into arrears on your mortgage for the period covered in your policy.

I have mortgage protection insurance why do I need mortgage payment protection insurance?

They are two different policies.

Mortgage protection insurance is a life insurance policy. Its purpose is to pay off the mortgage in the event of your death.

A mortgage payment protection policy protects your mortgage repayments for the period outlined in the policy, usually a year.

Do I qualify for the policy?

You must be between 18 and 60 years of age, be an Irish citizen, in fulltime employment for at least six months prior to the commencement of the policy. You must have a residential mortgage and be residing in the Republic of Ireland.

Where can I find out more?

Contact one of our qualified experts who can answer your questions on mortgage payment protection insurance and help you choose your best policy.

Our aim is to help you find the policy thaat best meets your individual needs.

Not all policies are the same, and we will help you choose the right one for you.

Call us on locall 1890 666 666

or use the quote button. {KomentoDisable}

 Protecting what's important.

 Term Life Assurance

The life company undertakes to pay out the sum assured on the happening of the specified event within the term, e.g. on death. There is no other benefit. A term assurance policy never acquired a cash or surrender value. Cover ceases at the end of term. If the policy holder wants to continue the cover they will have to apply for a new policy at that stage.

The term can be from 1 year upwards to maybe 25 or 30 years. Most life companies have an upper termination age which is usually 75 or 80.

The premium is fixed at the outset and varies according to:

• Term

• Age

• Smoker status

• Health status

• Nature of cover

• Level of cover

Policies can be taken out on a Joint life or dual Life basis. Joint Life provides cover for both lives but will only pay-out on the first death at which time cover on the second life will then cease. Dual Life Cover – provides cover for both lives independently, with separate pay-outs possible on the death of both lives assured. Hence in the event of death of the first life, cover will continue on the second life insured.

We can choose from a range of different Product Providers with the following flexibility:

• Increase/ decrease sum assured

• Extend or reduce term of cover

• Add or remove benefits

• Convertible

• Indexation

• Life Events options{KomentoDisable}

  

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Stand Alone Serious Illness

 Do you already have adequate life cover?

It is possible to take out a plan for Serious Illness cover only to protect yourself in the event of being diagnosed with a serious illness.

This cover provides a payments of a capital sum in the event of the life assured being diagnosed as suffering from one of the serious illnesses covered under the policy.

For example the most common serious illnesses suffered in Ireland are cancer and heart related illnesses.

Normally there is also a requirement that after diagnosis the life assured survive a minimum period

from the date of diagnosis i.e. 14 days.

This plan is not designed for the benefit of dependants, rather to provide benefits for the policyholder

themselves in the event of serious illness striking. More than likely following a serious illness the life

assured will no longer be able to work therefore will have no income. The capital lump sum can be

useful to provide money to pay the following: Mortgage, paying hospital bills, paying specialist

consultants, renovating the house to facilitate the illness etc.                       {KomentoDisable}

If you would like further information, please feel free to call us on 1890 666 666

Or use the quote button.

Life & Serious Illness

 It is important to protect both yourself and your family for Life & Serious Illness.

Have you considered what it would do you to your family financially if you or your partner were to die or suffer a serious illness?

Would they be able to manage financially?

Adding Serious Illness cover to a life policy will provide a pay-out on serious illness rather than death. You are more like to suffer a serious illness than die prematurely. Statistically Cancer and heart related diseases are the most common serious Illnesses in Ireland.

Serious illness is also known as critical illness, or specified illness cover.

Product Providers have become very competitive as of late with the Serious Illness that they cover (most covering 47 illnesses) and even offer partial payments for some conditions.

Getting the right critical illness cover is vital.

Here at mypremium.ie we can choose from a huge range of Product Providers to tailor the best plan to meet your specific needs.

Flexible Options:

• Life assurance premiums are guaranteed to stay fixed throughout your policy term unless you alter your policy.

• Increase of decrease Sum Assured

• Guaranteed Insurability

• Optional extras can be added to your policy I.e. hospital cash payment, accident payment, broken bones payment, surgery payment.

• Whole of Life- pays a lump sum of up to €50,000 on death whereby the benefit remains in force even after the term of cover and premiums have ceased.

Why choose us?

• Our motto is ‘’your best policy’. We will tailor your plan to suit your present specific needs.

• We search the market for the most competitive quote for you.

• We can choose from a wide range of Product Providers.

Get peace of mind today- speak to one of our Qualified Financial Providers and make sure your family are

protected in the event of premature death or serious illness

Telephone us on 1890 666 666  or use the quote button

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