Hi ,
I am totally confused , have been paying a BOI LifeCare plan for the past three years. When we took out our mortgage we thought this was compulsory and we are currently paying €83.04 per month. We are both non-smokers and have no health issues.
When talking to my sister she said she is paying €20 a month mortgage protection. When I rang the bank I took off 'absence from work ' from our policy and this had brought down our premium to €46.98 per month. I am wondering if we just got basic mortgage protection could we cancel this LifeCare plan and as it says that our contributions are 3,600 so far could we cash in this policy??
I am totally confused , have been paying a BOI LifeCare plan for the past three years. When we took out our mortgage we thought this was compulsory and we are currently paying €83.04 per month. We are both non-smokers and have no health issues.
When talking to my sister she said she is paying €20 a month mortgage protection. When I rang the bank I took off 'absence from work ' from our policy and this had brought down our premium to €46.98 per month. I am wondering if we just got basic mortgage protection could we cancel this LifeCare plan and as it says that our contributions are 3,600 so far could we cash in this policy??