Mortgage Protection booklet - Irish Life

How do I pay?
We want to make paying as hassle-free as possible. As a result, with Life
Mortgage Cover you pay by direct debit. You can choose to pay a set
amount every month, every three months, every six months or every year.
How long will I be insured for?
Life cover
If you take out life cover, you decide how long you want to be insured for
between five and 40 years. However, cover cannot continue after your
80th birthday. At the end of the period of cover you have chosen, you
will no longer be protected.
If you feel the Life Mortgage Cover
plan may not be suitable for you, please
speak to your financial adviser about the
excellent range of products we offer.
8
Important points about life cover
• You must be aged 18 to 74 to start this cover.
• The maximum term for life cover is 40 years or up to age 80.
• We will only pay out your life cover if you die during the term of
the plan.
• We will not pay claims in certain circumstances. For example,
if you have not given us full information about your health,
occupation, pastimes or hobbies.
• The amount you pay is guaranteed to stay the same for the whole
of the period you are insured for.
• If you stop making payments, you will no longer be protected and
we will not return any money to you.
• You cannot cash in your plan. It is not a savings plan.