What is Mortgage Protection?

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Buying your home is one of the biggest financial commitments you will ever make, so putting the right cover in place to protect it should be a top priority.

Cover is designed to go towards paying off the outstanding balance on your mortgage in the event of death and/or serious specified illness, depending on the benefits you choose during the term of your plan. Most mortgage providers will require that you have mortgage protection in place prior to drawing down your mortgage.

Life Choice Home is one of the most flexible mortgage protection plans in the market. It gives you great value mortgage protection with the flexibility to change your level or term of cover as your needs change.

Life Choice Home is a highly flexible mortgage protection plan which allows you to

  • Increase or decrease your cover
  • Extend or reduce the term of your cover
  • Increase the amount of cover within 3 months of increasing your mortgage due to moving house, getting married or having or adopting a child without having to provide evidence of health
  • Move to a new mortgage or family protection plan without having to provide evidence of health if the “Medical Free Conversion” option is selected
  • Avail of a children’s protection package
Terms and conditions apply. Benefits are subject to underwriting and acceptance by Bank of Ireland Life. It is important to understand that certain restrictions and exclusions may apply.