3 Month Payment Waiver on Your Mortgage Protection Policy*
During these unprecedented times we want to support you to keep your vital mortgage protection policy in place. We are offering a 3 month payment waiver to customers who have a non-unit linked mortgage protection policy. This is available to you if you have been granted a payment break on your residential mortgage. The 3 months premiums will not be required to be repaid at a later date. Evidence of approval of the mortgage payment break will be required. This offer also extends to non-unit-linked Term Assurance policies that are assigned to a mortgage.
The mortgage protection payment waiver is available for customers who meet the following criteria;
- You have a Mortgage Protection or Term Assurance policy that is assigned to a mortgage.
- You are currently paying your mortgage protection premium monthly by direct debit.
- You have been granted a mortgage payment break from your lender. We will require evidence of this.
- Your policy must be in force on or before 1 March 2020.
Term Assurance Policies*
We want to help support you during this challenging time. If you have a Term Assurance policy, which is not assigned to a mortgage, you have 30 days after your premiums become unpaid, during which time you will remain on cover. If premiums continue to remain unpaid after this time, you will no longer be on cover but you will have a further 60 days to reinstate your policy without having to provide up to date medical information.
If you would like to apply for a mortgage protection payment waiver, or have a query in relation to your Term Assurance policy, please contact us on firstname.lastname@example.org or contact your Financial Broker or Advisor who will be happy to assist you.
For more information, please click here.
*Terms and Conditions apply. If we agree to make a change that you request, we are assuring you that we will not be enforcing the terms of your policy, if the policy provides otherwise and in so far as the terms of the policy apply to the change requested and made by us. It is important to understand however the options being presented to help you in the short term are not to be taken as a general waiver of New Ireland’s rights under the policy in the future. Policy conditions will continue to apply in full and the rights and obligations of both New Ireland and the policyholder will remain the same under the policy.