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Mortgage Protection

Life Choice Home helps protect your home and your loved ones Get a quote

We're Human About Insurance

We'll be there when you need us most. An Post Insurance is a 100% Irish-owned company, so we understand what matters most to you.

How we Help

Pocket-Friendly Protection

We know that everyone wants to get great value on mortgage protection insurance, so we offer competitive prices, flexible choices and optional upgrades to help you manage the cost of cover.

Stress-Free Cover

Get the peace of mind that comes with knowing your most important purchase is protected. If things go wrong, we'll be there to help relieve your family's financial burden.

Benefits and Bonuses

Our insurer provides care as well as cover, with specially-designed benefits that can be used, if you die prematurely, to clear your mortgage and secure ownership of your home.

Real Customer Care

We're powered by people just like you, living in communities all over Ireland. Our team is available five days a week - you can trust us to get the help you need, when you need it.

Features & Benefits 

For more than 20 years, we've helped Irish families prepare for the unexpected. Our Life Choice Home mortgage protection policy gives you the peace of mind of knowing that should the worst happen, your family won't need to worry about the financial burden of repaying the mortgage.

Lump Sum Payment

This policy is designed to protect your home and go towards paying the outstanding balance of your mortgage in the event of your death.

Policy
Flexible Cover

We understand that circumstances can change, so you can increase or decrease your amount of cover or extend or reduce your term of cover.

Optional Upgrades

You can customise your cover by purchasing optional upgrades such as Surgery Payment benefit, Hospital Payment or Medical-Free Conversion.*

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Specified Serious Illness Cover*

This cover offers a lump sum payment in the event that you suffer from a specified serious illness which can help to pay the balance of your mortgage.

*These benefits are optional extras and limits may apply, please refer to your Policy Booklet for full information. You are not required to purchase these optional extras when taking out a Life Choice Home, Life Choice Assets or Life Choice You & Family Protection plan.
Terms and conditions apply. Benefits are subject to underwriting and acceptance by New Ireland Assurance Company plc. A government levy (currently 1%) applies to premiums paid to life insurance policies.

We value your feedback

Great value and super easy to get a quote. I was able to customise and upgrade the exact policy I needed. The experience is miles ahead of my past insurer. I would highly recommend this service!! John 17/11/2020

Good to Know

We've gathered together all the details you need to better understand your mortgage protection insurance options. Take a look at our FAQs and learn more about how we can help you get the cover you deserve, at the price you prefer.

Life Choice Assets can be used by individuals who want to ensure their investment property or business will provide their family with financial security in the event of death or serious illness.

With Life Choice Assets you can get:

Lump Sum Payment - In the event of death

A lump sum that can help to meet your family's immediate financial needs.

Lump Sum Payment – If you suffer a serious illness

A lump sum amount in the event that you suffer from a specified serious illness (benefit can be standalone or deducted from the lump sum on death benefit).

No one understands your financial situation better than you. That means you should avoid letting someone else tell you how much protection you need. You can get a rough estimate of your insurance needs by adding together your debt, estimated funeral costs, and six months to a year of income replacement. You need the policy that’s right for you and your family’s financial situation.

Don’t be afraid to ask the advisor questions. You should know the product inside out before buying it. What happens if I change my mind about cover or need more cover? How long are premiums guaranteed for? What are the exclusions?

Make sure you do your research before purchasing an insurance product. Make sure it fits your needs and budget, and make sure you understand the contract. The advisor is obligated to explain it to you. Don’t sign until you understand the contract.

We recommend that you apply for your cover at least 6 to 8 weeks in advance of the date you plan to draw down your mortgage. When your application is accepted we will let you know and we can keep your application on hold until you draw-down your mortgage.

It is your responsibility to ensure that your premiums are received when due. If your premiums are not received when due or you stop paying your premiums or cancel your policy during the term, then your policy and any protection benefits it offers, will cease and no benefits will be payable.

In the case of life choice your underwriter will allow you 30 days for payment from the date that the premium is due. If the premium is not received within 30 days of being due your policy and protection benefits will cancel immediately without further notice and you are no longer on cover for any protection benefits. If you have assigned your policy, we are obliged to notify the assignee (the lender) that premiums have not been paid and that cover no longer applies.

Don’t be afraid to ask the advisor questions. You should know the product inside out before buying it. What happens if I change my mind about cover or need more cover? How long are premiums guaranteed for? What are the exclusions?

Make sure you do your research before purchasing an insurance product. Make sure it fits your needs and budget, and make sure you understand the contract. The advisor is obligated to explain it to you. Don’t sign until you understand the contract.

No one understands your financial situation better than you. That means you should avoid letting someone else tell you how much protection you need. You can get a rough estimate of your insurance needs by adding together your debt, estimated funeral costs, and six months to a year of income replacement. You need the policy that’s right for you and your family’s financial situation.

Don’t be afraid to ask the advisor questions. You should know the product inside out before buying it. What happens if I change my mind about cover or need more cover? How long are premiums guaranteed for? What are the exclusions?

Make sure you do your research before purchasing an insurance product. Make sure it fits your needs and budget, and make sure you understand the contract. The advisor is obligated to explain it to you. Don’t sign until you understand the contract.

Life Choice is a market leading protection product underwritten by New Ireland Assurance Company plc. You can use it to protect your home, your income and your family.

Single life – covers only one life insured and pays out once.

Joint life – a joint life insurance policy covers two people and pays out once. It is policy that provides cover for two people and pays out a benefit on the first death, of either insured person and therefore will only pay out a benefit once. This is why joint life cover is usually cheaper than dual life cover.

Dual life – covers two people independently. It is a life insurance policy that provides cover for two people and continues after the first person dies. It pays out benefits on each death. It could potentially pay out twice during the course of the policy.

We will process your application as soon as it is received. If the application form is fully completed and no further information is required (e.g. from your doctor) we will then issue you with a policy document within 10 business days.

For the large majority of applications, a medical examination is not necessary. Depending on the level of cover sought or information provided in your application, we may ask you to have a medical examination with an independent doctor or nurse. The medical can be arranged at a convenient location and the cost will be covered by the underwriter.

When your application is accepted and if you have already indicated when you want the cover to start we will put the policy in-force and send you a policy document. If you have not indicated when you want the cover to start you will be contacted for that information and the policy document will be issued once we have received confirmation of the intended start date.

The policy document (or a copy of your policy document) will be posted to you. It includes a policy schedule which contains the specific details of your cover (type and amount of cover, term of cover etc) and the policy conditions which set out the standard policy terms and conditions (e.g. Definitions of terms, when the cover is payable etc.). You should keep the policy document in safe place for future reference.

We recommend that you apply for your cover at least 6 to 8 weeks in advance of the date you plan to draw down your mortgage. When your application is accepted we will let you know and we can keep your application on hold until you draw-down your mortgage.

It is your responsibility to ensure that your premiums are received when due. If your premiums are not received when due or you stop paying your premiums or cancel your policy during the term, then your policy and any protection benefits it offers, will cease and no benefits will be payable.

In the case of life choice your underwriter will allow you 30 days for payment from the date that the premium is due. If the premium is not received within 30 days of being due your policy and protection benefits will cancel immediately without further notice and you are no longer on cover for any protection benefits. If you have assigned your policy, we are obliged to notify the assignee (the lender) that premiums have not been paid and that cover no longer applies.


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