Protects the family not just the bank! Dual Life Mortgage Protection offers twice the protection for the family at very little cost.
It’s a Life Insurance Policy that pays out on the death of both people named on the policy unlike a Joint Life Mortgage Protection Policy that only pays out on the first death.
Two of you have taken out a mortgage for €250,000. One of you dies earlier than the other with €200,000 remaining to be paid on the mortgage.
With Joint Life Mortgage Protection - Your €200,000 Mortgage would be cleared.
With Dual Life Mortgage Protection - Your €200,000 Mortgage would be cleared AND the second person would remain with a Life Insurance Policy of €200,000 which would decrease over the remaining term of the policy.
For further information on this contract contact Paul at Galway Hooper Dolan on 091 751709
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