Life Choice

Buying a home is one of the biggest financial commitments you’ll ever make so putting the right cover in place to protect it is very important. Life Choice Home Mortgage Protection is designed to pay off the outstanding balance on your mortgage if you die during the term of the policy. Most people take it out for the term of their mortgage and the cover on this plan reduces each month as the amount owed on the on the mortgage reduces. 

If you die prematurely your plan can be used to:

• Clear your mortgage
• Secure ownership of your home

It is however important to note that should your mortgage change (e.g. you extend the term or change the amount of the loan etc.) that you also review your related life assurance cover to ensure that it continues to meet your specific needs.

• Increase or decrease your cover amount
• Extend or reduce your term of cover
• Increase the amount of cover within 3 months of moving house, getting married or having a child without having to provide evidence of health
• Move to a new mortgage or family protection plan without having to provide evidence of health if the Medical Free Conversion option is selected
• Avail of a Children’s Protection Benefit

Terms and conditions apply. Benefits are subject to underwriting and acceptance by New Ireland Assurance Company plc. A government levy (currently 1%) applies to premium paid to life insurance policies.

Life Choice You & Family can be used to protect you and your family from the financial uncertainty and hardship that comes with an unexpected serious illness, accident, injury or premature death.

• Clear any loans or debts ensuring your family's immediate finances are healthy
• Pay a monthly income to your family if you die so they can continue to meet monthly outgoings and maintain their lifestyle
• Pay a monthly income to your family if a stay at home parent dies to meet the additional expenses your family would face, such as childcare costs
• Pay a lump sum amount in the event that you suffer from a specified serious illness (if the Specified Illness Benefit is chosen as an optional extra)
• Pay a lump sum amount on death to cover funeral expenses and other related costs

• Hospital Payment, this pays you a daily amount of €300 if you are in hospital for 3 or more days
• Accident Payment, this pays you a weekly amount of up to 50% of your average weekly earnings if you are unable to work for more than 2 weeks due to an injury resulting from an accident
• Broken Bones Payment, this pays you a fixed lump sum between €1,000 to €3,000 if you suffer one of the injuries covered on the policy
• Surgery Payment, this pays you up to 12.5% of your Specified Illness Benefit Lump Sum if you have to undergo one of the major surgeries covered on the policy 

The benefits above are optional extras and you are not required to purchase them when taking out a 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.