Mortgage Protection in Kildare

It protects your home by helping to clear your mortgage if you die, providing you with peace of mind

Mortgage Protection Advice in Kildare

This policy pays a lump sum if you die during the term of your plan to pay off your mortgage. Your cover decreases as the amount left on your mortgage decreases. The lump sum will help clear off the outstanding balance on your mortgage if you die.

It protects your home by helping to clear your mortgage if you die, providing you with peace of mind.

Sometimes with your mortgage protection, you can combine Serious Illness into the policy

The One premium will cover your Mortgage protection and serious illness for a single life or both lives depending on the provider.

We can help you go through your options.  We have all life companies to hand Aviva, Irish Life, Zurich Life, New Ireland, and Royal London. Moreover, we can go through the best option suited to you.

There are different types of life cover 

Single Life

Cover is provided for 1 life only. Once the lump sum is paid out the policy will end.

Joint Life

Cover is provided for 2 people. Furthermore, a claim for one of the lives will reduce the overall level of cover provided. Once the lump sum is paid out the policy will end.

Dual Life

Cover is provided separately for the two lives, the two lives are covered separately, and a claim for one of the lives has no impact on the levels of cover relating to the other life. Once the lump sum has been paid out for both lives the policy will end.

The Mortgage Protection benefits:
  • It protects your home by helping to clear your mortgage if you die.
  • It protects your family from a substantial financial burden.
  • You can add cover for many serious illnesses and disabilities.
  • You can cover your partner on the same policy.
  • You can increase cover on certain life events e.g. birth of a new child if you have selected a conversion option at the outset.
  • You can pay off any existing mortgage, loan outstanding

It can cover funeral expenses.

Gwen Clarke Financial Services Ltd’s team of experts offers a wide range of services, including investments, pensions, corporate pensions, mortgages, and life protection. We understand that each of our clients has unique financial needs, which is why we tailor our services to meet your specific requirements. Our goal is to help you achieve your financial goals by providing you with personalized advice and guidance every step of the way. Whether you’re looking to invest for the future, secure a mortgage, or protect your loved ones, we can help. Contact us today to learn more about our services and how we can assist you in your Mortgage Protection Options & Application and in securing your financial future!

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Frequently Asked Questions about Mortgage Protection

I have a policy already in place can I use this?
Yes, you possibly could, you will need to make sure that your policy has the same amount of cover and term as your mortgage.
Will my Policy Cover my Children also?
Yes, it can. It depends on the type of policy that you put in place.
We can compare the policies and their additional benefits and see which policy is best suited to you.
Should I add on Serious Illness onto my policy?

I would always recommend that you have something else in place, especially for a family as you would then be down 1 income which could have an impact on your lifestyle.

Even if you add on 20,000 serious illness in the event you are covered if diagnosed with a serious illness. This will give you peace of mind knowing that this could go towards your bills, mortgage repayments, and childcare costs.

I would always recommend that you have something in place as more than likely you will not be working during this time frame.
You could also look at an income protection policy if you think the premium is too high, this would cover you while out of work

If I die who receives my mortgage protection benefit?
The benefit would be paid out to the lender to clear off your mortgage if there is any excess this will be paid out to your estate.
If I top up my mortgage will I need to increase my cover and how do I do this?

Yes, if you top up your mortgage you will need to increase cover, depending on the type of policy there could be a convertible option on your policy to allow you to do this.

The Convertible option allows you to increase the cover without providing any new medical evidence.

You can always include the convertible option from when you first take out your mortgage so you can use this further along the line.

You will need to check your policy documents to see if they will allow you to use this option.