Mortgage Protection should not be compulsory

Ever notice how low mortgage rates are in France?

The reason?, you are obliged to take out mortgage protection insurance with your mortgage, covering death, permanent invalidity and temporary incapacity to work.

Default rates are incredibly low as a result and French consumers benefit from much lower interest rates as a result.
 
In France, social protection payments are higher than in Ireland generally, so when you become unemployed, your income doesn't drop dramatically. The same thing in terms of illness. That might also have an influence.
 
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