Mortgage protection means more security for your family
Mortgage Protection Cover is essential for anyone buying their home. The decreasing life cover can be used to secure your mortgage with the bank and is one of the cheapest forms of life insurance.
How is it cheaper? Your life assurance benefit will reduce each month in line with your outstanding mortgage. You simply have to keep your premium payments up to date.
Buying a home is a major financial commitment, so it’s important that you have the best and cheapest cover in place to protect your home. As an independent broker Alpha Wealth’s role is to save you money, by arranging cheaper cover, both for existing policies and policies to be taken out for new mortgages.
- We provide the cheapest mortgage protection policies in Ireland.
- We provide free professional advice.
- We analyse all mortgage protection products offered by the life companies in Ireland. To get your free quote click HERE.
- Peace of Mind: This plan will ensure your mortgage is cleared if you die.
- Protection: Your family is safeguarded from a substantial financial burden.
- Increased security: You can add cover for many serious illnesses and disabilities.
- Flexible: Option to increase cover on certain life events, like approval for a new mortgage or an increase to an existing mortgage.
- Cheap: The level of mortgage protection cover reduces from year to year as the amount you owe on your mortgage goes down. Mortgage protection policies are sometimes referred to as ‘reducing term cover’.
Help and Advice
Many mortgage protection policies are sold directly by lenders, who do not research the market on behalf of the customer. Many brokers and banks are only affiliated with one provider and consumers are sold expensive policies.
It is important to realise that you do not have to take out your mortgage protection policy with the bank who are lending to you.
According to a survey by the Competition and Consumer Protection Commission, people in Ireland are loyal, but to a fault. Of course, being loyal is generally a good thing, but when it comes to saving money and getting better service, then loyalty is not the best option.
The biggest savings can be made by opting for a better-value life insurance/mortgage protection policy, at over €50 a month.
You may also want to consider income protection, other forms of life insurance and business protection.
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