I intend to take out a reducing term life policy for my MPI, as I understand that it is the cheapest and most basic policy and that is what I want.
I have some brief questions and I would be very grateful for any replies
P.S. From reading other posts, I presume labrokers.ie, monitum.com or 123.ie are the most competitive for a reducing term life policy?
I have some brief questions and I would be very grateful for any replies
- What happens my MPI if I reduce the term of the Mortgage?
- What happens my MPI if I pay off the mortgage entirely earlier than expected?
- What happens my MPI if I borrow extra on my mortgage or extend the mortgage term?
- What if I sell the property and have no further need for the MPI?
- Can you switch MPI provider?
P.S. From reading other posts, I presume labrokers.ie, monitum.com or 123.ie are the most competitive for a reducing term life policy?