Protect your biggest financial commitment
What is mortgage protection?
Buying a home is one of the biggest financial commitments you’ll ever make so putting the right cover in place to protect it should be a top priority. Mortgage protection insurance is designed to pay off the outstanding balance on your mortgage in the event of death.
Certain plans, like Convertible Mortgage Protection can give you a lot more value for your money and also safeguard your ability to get future cover, even if you later suffer ill health. Better still, it is more affordable than you might think.
Why do you need it?
If you die prematurely your plan can be used to:
- Clear your mortgage
- Secure ownership of your home
Why New Ireland?
Our mortgage protection plan, Life Choice Home, is a highly flexible protection plan and allows you apply to:
Increase or decrease your cover
Extend or reduce your term of cover
If you are under 55, increase your cover amount up to certain limits, within 3 months of moving house, getting married or having or adopting a child without having to provide evidence of health
Convert to a new mortgage or family protection plan without having to provide evidence of health in the future if you select the conversion option
Avail of a children’s protection package
Click here for more information on our Convertible Mortgage Protection plan.
For a further look at the benefits of having a mortgage protection plan in place read our Life Choice – Financial Protection Overview (Summary), our Life Choice – Convertible Mortgage Protection Flyer, or for a more detailed look at the cover available read our Life Choice – Financial Protection Brochure. Alternatively, you can contact a Financial Advisor.
You can’t predict the future but you can plan for it.
While we all hope and often believe it won’t happen to us, the reality is that people throughout Ireland are affected by unexpected illness and premature death every day. In 2016 alone we paid out over €105 million in protection claims to families impacted by ill health, serious illness and unexpected death.
Click here to view a summary of claims paid.
Terms and conditions apply. Benefits are subject to underwriting and acceptance by New Ireland Assurance Company plc. It is important to understand that certain restrictions and exclusions may apply.