Buying A Home – You Need To Be Covered
If you are purchasing a home and securing a home loan you will need a Mortgage Protection plan as a part of your loan application. At Coughlan Consultants LTD we can advise you on the best product for your circumstances. As we have agencies with all of the leading life cover providers, we can also secure the best monthly premium available in the market place for you. The features of your mortgage protection plan include:
- A Mortgage Protection plan pays off the outstanding mortgage to the lending institution should the life assured on the plan die during the policy term.
- The cover is on a decreasing term basis which means that cover decreases in line with the loan over the mortgage term.
- Mortgage Protection on a life only basis is the minimum requirement for most loans.
- You do have the option of taking out a level term plan instead or of adding serious illness cover to your plan if you so wish. There are personal options.
We can go through all options and costings with you and can advise you on the best plan available for you and your budget.