Hanley & Company Life Limited - Mortgage Protection and Life Insurance specialists, Dublin Ireland
Telephone Hanley & Company Life Limited on 8413750 for Mortgage Protection and Life Insurance quotes
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Mortgage Protection
     
 

Mortgage protection is a type of life insurance policy that pays off your mortgage if you died before the loan is repaid. Cover is taken out for both the same amount as the mortgage loan and for the loan term.The cover decreases in line with your mortgage loan balance. The premium is fixed for the term of the policy.

Mortgage Protection is the cheapest life insurance product available and is best suited for covering mortgages and loans.

 

Do I need Mortgage Protection?

If the property is your family home and you are under 50 then your lender will insist that you have Mortgage Protection . You are not obliged to take the policy from the lender and you may find a lower premium through a Independent Broker .

If you are over 50 or if the property is an investment property it is generally a good idea to put into place some level of cover as the property may have to be sold in the event of an untimely death.

 

How does Mortgage Protection work?

In the event of your death the life insurance company will pay the proceeds of the mortgage protection policy to your mortgage lender. They will then clear your mortgage and if there is anything left over it will go to your estate.

 

How much Mortgage Protection do I need?

Mortgage protection is best suited to mortgages as it is the cheapest cover available .The policy needs to be assigned to ownership of the lender for the security of the loan. The cover decreases in line with your mortgage loan balance and for that reason it is not suitable as standalone life cover. You should have sufficient mortgage protection to cover your mortgage and any other unsecured loans that you might have.


How much does Mortgage Protection cost?

Prices vary greatly from company to company and for this reason it’s always a good idea to shop around. At Hanley & Co Life Ltd we guarantee to source the lowest

Market premium for the cover that you require.

 

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  Products you wish to know more about:

Mortgage Protection
Life Assurance
Income Protection
Retirement Planning
Home & Contents Insurance
Serious Illness Cover
 
     
   
 
Hanley & Company Life Limited are agents for New Ireland Assurance, Aviva, Irish Life, Zurich, Caledonian Life and Friends First in Ireland
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Hanley & Co Life Limited, 25 Dublin Street, Balbriggan, Co. Dublin, Ireland
Telephone: +353 1 841 3750 Fax: +353 1 802 0173 Email: info@hanleylife.ie
Hanley & Co Life Limited are regulated by the Central Bank