Mortgage Protection
Secure Your Home’s Future With Mortgage Protection
Don’t let life’s uncertainties put your mortgage or your home at risk.
Get The Best Mortgage Protection For You & Your Financial Future
Mortgage protection is an essential part of buying a home, providing you with peace of mind and financial stability. It ensures that your loved ones won’t have to worry about your mortgage if life takes an unexpected turn.
Established in 1993, ERM Financial Services is a trusted guide in the realm of financial protection. We prioritise your best interests, creating tailor-made financial solutions that cater to your individual requirements.
Here’s why we’re the right choice for your mortgage protection:
Trusted since 1993
Client-focused approach
Access to a huge range of providers
Comprehensive financial solutions
Mortgage Protection
What is Mortgage Protection?
Mortgage protection is a type of life insurance that your lender requires you to have before your mortgage can commence. It’s designed to pay off your mortgage if you or another policyholder pass away during the term of the mortgage.
Rest easy knowing that the payout goes directly to your mortgage lender, lessening the financial burden on your family.
Mortgage Protection vs Life Insurance
Mortgage protection is specifically designed to pay off your mortgage if you die, a requirement for getting a mortgage. On the other hand, standard life insurance provides your family with a lump sum if you pass away.
How much does Mortgage Protection cost?
Several factors influence the cost of your Mortgage Protection plan such as your age, health status, whether you smoke, the amount of protection you want, and how long you want the cover for. For an accurate estimate tailored to your circumstances, get a free quote below.
Types of cover available:
Single Cover
Get a lump sum payment if you die during the term of the plan.
Dual Cover
Receive a lump sum twice, once if you die within the term of the plan and once if your partner also dies within the term of the plan.
Joint Cover
Get a lump sum payment if you or your partner dies during the term of the plan. The plan will then end.
Decreasing term cover
The amount covered reduces as you pay off your mortgage and the policy ends when the mortgage is paid off.
Level term cover
The amount you are insured for remains the same for the term of the mortgage. Lump sums pay off the mortgage and any remaining balance will go to your estate.
Specified Illness Cover
Pays out if you are diagnosed with one of the specified illnesses covered. This lump sum can be used to repay your mortgage, creating a safety net when you need it the most.
Get Started
Protect your home and secure your loved ones’ future today. .
Get your free Mortgage Protection quote now.
Phone: (01) 845 4361 | Email: sales@ermfinancialservices.ie