Mortgage Protection Cover

Mortgage Protection is also known as Decreasing Term Cover

This cover is normally required by your Bank or Building Society to cover the amount and the term of the mortgage

The amount of cover decreases over the term of the policy and is usually designed to tie in with the outstanding amount of a loan. As the life cover reduces the monthly premium remains constant over the term of the policy.

With some policies you can add on additional options, like critical illness cover. Therefore the plan will pay out a tax-free lump sum in the unfortunate event of your death or you after being medically diagnosed with one of illnesses covered under the plan.

For information, advice or a quotation please use the contact us form here or email info@ppsdelaney.ie.