Life & Serious Illness Cover - Royal London

Mortgage Protection

Life & Specified Serious Illness Cover - Royal London

(01) 845 0049

Life Insurance & Serious Illness cover from Royal London will pay-out a tax-free lump sum on death, but also covers for 100 specified illnesses, 60 full payment illnesses, and 40 partial payment illnesses, with the most comprehensive cancer and cardiac cover on the Irish market. The policy also includes “Helping Hand” as well as a number of other complimentary benefits detailed below. Royal London is a market leader in the provision of comprehensive serious illness cover in Ireland.

Mortgage Protection

Children’s Cover

Children are covered for the same specified illnesses as the policyholder subject to a maximum of €25,000 for full payment illness and €7,500 for partial.

The child cover applies between the ages of 3 months and 18, or 21 if in full-time education.

Guaranteed Insurability

With this, you can increase the level of your cover without providing any medical evidence, following any of these events:

Your mortgage increases, either due to the purchase of a new main residence or the improvement of your main residence;
You get married;
You have, or adopt a child.

The maximum increase you can make following any one of these events is the lower of €100,000 and 50% of the original level of cover for that benefit. This option ends at aged 55 years old or in joint policies when the older person reaches 55 years old.

Benefits Continuation

Where chosen, this option allows you to convert your cover to another policy without having to provide new evidence of health. You can use this option at any point over the course of your policy, up until the age of 70. (If you are on a Joint, or Dual policy, you can use this option up until the oldest person on the policy turns 70). The maximum age to extend cover is to age 90, the highest on the Irish market.

Inflation Protection

Where chosen, Inflation Protection ensures that your cover increases by 3% and your premium increases by 4% each year. This helps to protect the real value of your cover as time passes.

Conversion Option

By choosing to include a Conversion Option you obtain the option to convert your life cover into another policy, without having to provide fresh evidence of health. This option can then be used at any time during the policy term up to your 70th birthday (or before the 70th birthday of the older life for Dual Life policies).

The main purpose of including this option is to protect you against a change in your future financial circumstances, where you may need to extend your mortgage term to lower your mortgage repayments or move to interest only. But it also allows you to alter your policy, where you may wish to re-mortgage due to home renovations.

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Life & Specified Serious Illness Cover - Royal London

(01) 845 0049

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