Mortgage Payment Protection Insurance
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Mortgage Payment Protection Insurance
In these difficult times many clients have expressed an interest in insurance that covers your monthly mortgage repayment in the event you are unable to work due to Involuntary Unemployment and/or Accident & Sickness.
Are you concerned about redundancy? Do you have adequate Mortgage Payment Protection insurance?
You can cover up to 120% of your mortgage repayment or 65% of your net monthly income, whichever is the lesser. The additional 20% cover on top of your mortgage repayment is to cover mortgage related costs such as insurance premiums.
Benefits
Our Mortgage Payment Protection Insurance policy allows you the option to select the benefits that suit you best:
For PAYE workers, cover includes Accident & Sickness and Involuntary Unemployment cover.For Self Employed workers, cover includes Accident & Sickness and Hospilisation cover.
Whatever option you select, your mortgage repayment will be covered for up to 12 months if you are unable to work.
Why take Mortgage Payment Protection Insurance?
As we don’t know what will happen in the future, it’s important we protect ourselves against the unexpected. Taking out cover will:
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For further information on Mortgage Payment Protection Insurance call us today on 01-624 6321 or Lo-Call 1890 780 780.
email: info@mortgageplus.ie
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