We realise that for many people their first time taking out a life insurance policy is related to the process of buying a home and drawing down a mortgage. However most members of laya life take out a policy with us as a top up to the decreasing term mortgage cover they might already have in place.
Why would you take out a second policy or supplement your mortgage protection policy? It’s quite simple really… firstly your mortgage protection policy is directly linked to the value of your mortgage loan so if the worst should happen, in most cases your loved ones would only have the mortgage covered with no additional sum to assist with all the bills associated with modern family life. Secondly as the loan value drops over time, as you repay the loan, the amount paid out could be very modest towards the latter period of your mortgage term.
Our term life policies are not directly linked to the value of your mortgage and will pay out a defined amount up to €400,000 to your family regardless of mortgage balance in the event of your death.
In this way our members know that if something happened, they can rest assured that there is a plan in place to look after their loved ones beyond covering mortgage repayments.
However depending on your circumstances, laya life could act as your single mortgage cover solution. So call us on 01 536 8000 or chat to one of team members online to learn more about which cover is right for you.
So get a quote today and see how easy it is to join laya life. We offer a 10% discount when you join online and if you are a laya healthcare member you can get an additional 10% discount on top of that… a total saving of 20%!