Guaranteed cover again, also known as a conversion option allows you to convert your cover to another Mortgage Life Insurance plan (or equivalent) without having to provide any fresh evidence of health and at any stage throughout the term of your plan. If you wish to avail of this option, you must take it at the start of your plan.
The 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.
Your insured life cover amount, up to a maximum of €150,000 is payable if a life proposed dies from bodily injury as a result of an accident while Irish Life is processing your fully completed application form. To qualify you must be you must be under age 55 and your policy accepted at standard rates within 30 days.
This benefit is available on both life and specified illness cover plans. If you start life cover and before the age of 55 you then get married, or become a registered civil partner, have a child, take out a new, or extra mortgage, or get an increase in salary, you can ask Irish Life to set up a new life cover plan, without providing fresh medical information.
The maximum increase in your cover is €125,000; half of your current benefit; or half of your original benefit; whichever is lower.
NURSECARE – SOMEONE TO HELP WHEN YOU’RE NOT SURE WHAT TO DO
MEDCARE – A SECOND OPINION FOR PEACE OF MIND
CLAIMSCARE – SUPPORT IF YOU NEED TO CLAIM
If you need to make a claim you will have a dedicated member of the claims team to help you through the process. We also offer counseling services from the Clanwilliam Institute to help support you through bereavement or illness.
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