Hi
I am a First Time Buyer looking for some advice on mortgage protection & serious illness cover. I'm 30, single, no dependents and my employer already pays life insurance for my behalf. My lender only requires mortgage protection.
My mortgage broker is only recommending an Irish Life policy of around €45 a month but from my own research I can get mortgage protection & 50% illness cover for around €25 per month (mortgage is 185k over 35 years).
My question is really whether 50% illness cover is standard? I don't want to under-insure. I know from working in conveyancing previously that getting insurance in place can be one of the main issues in holding up a closing so would appreciate any advice!
Thanks
I am a First Time Buyer looking for some advice on mortgage protection & serious illness cover. I'm 30, single, no dependents and my employer already pays life insurance for my behalf. My lender only requires mortgage protection.
My mortgage broker is only recommending an Irish Life policy of around €45 a month but from my own research I can get mortgage protection & 50% illness cover for around €25 per month (mortgage is 185k over 35 years).
My question is really whether 50% illness cover is standard? I don't want to under-insure. I know from working in conveyancing previously that getting insurance in place can be one of the main issues in holding up a closing so would appreciate any advice!
Thanks