Protection - Mortgage Protection

Also known as Decreasing Term Assurance, this cover is a Term Assurance policy with the level of cover decreasing each year until the end of the term. Both Life Cover and Specified Illness Cover can be structured in this format. The most common use is to clear borrowings in the event of death or a specified illness. The term is usually set in line with the term of the borrowing, and decreases in line with the borrowing being reduced until both reach zero. For instance, a client may use a Decreasing Term policy with initial level of cover of €200,000 decreasing over a 20 year term, to cover their mortgage of €200,000 which has a 20 year term.




In February of this year I engaged the services of David from Kinsella Financial regarding obtaining a mortgage. I genuinely cannot thank David enough for all he has done, he understood right from the start how important purchasing my first home was

Gary Martin, OCM Security & Electrical Services, Tullamore.
April 2018