Call (01) 870 0370 for financial advice related to Health Insurance, Over 50 Life Insurance, Life Cover & Assurance, Pension advice and Tax Planning.

Mortgage Redundancy Repayment Cover

With almost 500,000 people facing the dole by this summer it has never been more important to protect your mortgage repayments by taking out a Mortgage Repayment Plan.

Redundancy/accident/sickness cover will help eliminate some of your financial concerns in the event of you or your partner being made redundant or being out of work as a result of an accident or a sickness. Mortgage Repayment Protection is a simple jargon-free financial policy that is easy to arrange and understand. It provides financial peace of mind knowing that your mortgage repayments can continue to be met.

Frequently Asked Questions (FAQ’s)

1.	How much cover can you take out? Cover to a max of 120% of your current mortgage repayments Maximum Cover of €2,000 per month

2.	How long are the mortgage repayments made for in the event of redundancy /sickness/illness? Either until you return to work or a maximum of 12 payments made in any one claim. Maximum payments during term of policy - 24 months in total

3.	Why take out cover? - Protect your home & way of life - Knowing that your mortgage repayment will be covered for up to 12 months gives invaluable peace of mind at a time of such uncertainty - Protect your credit record

4.	How long do I have to be out of work before I can claim? Redundancy: 30 days or more Accident/sickness: 30 days or more

Eligibility for cover

PAYE employees only - excludes state employees and the self-employed
You must have a mortgage or be in the process of applying for a mortgage
You must be at least 18 years of age and less than 65
You must live and have the right to reside permanently in Ireland
You must agree to be bound by the terms and conditions of the policy and pay the premium
You must be full-time employed immediately prior to the start date.

5.	Exclusions

Redundancy benefits will not be paid if:

You were aware at the policy start date that you would be made redundant or you had reason to believe this would occur of if this occurs within the first 60 days (new borrowers) or 120 days (existing borrowers) of the policy start date

You were not in full-time employment for at least 6 months immediately before your first claim for unemployment

You resigned or accepted voluntary redundancy or unemployment

Your work was seasonal, casual or temporary, or unemployment is a regular feature of your work

It results from any act of misconduct, fraud or dishonesty

B)	Hospitalisation benefits will not be paid if: Your hospitalisation results from a consequence of any disability or redundancy exclusions

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Cregan Kelly Financial Services is a registered name of Finance Life & Pensions Limited and is regulated by the Financial Regulator as an Authorised Advisor. Offering financing advice service related to Health Insurance, Over 50 Life Insurance, Life Cover & Assurance, Pension advice and Tax Planning.

Life Insurance - Life Insurance Over 50 - Private Health Insurance - Pension Advice - Savings Investments - Income Protection
Mortgages - Mortgage Protection - Tax planning

Cregan Kelly Financial Services, Broadmeadow Hall, Applewood Village, Swords, Co. Dublin, Ireland Terms of Business - Finance Resources

Phone: (01) 870 0370, (01) 870 0372 Fax: (01) 890 3215 Email: colm@ckfinancial.ie powered by: go2web