Friends First – Mortgage Protection Insurance
Friends First offers a straight forward basic mortgage protection insurance product, with optional serious illness cover and added benefits which include; terminal illness benefit and free children’s cover were applicable. Unlike some other insurers, they don’t offer guaranteed insurability, or allow the first month free.
Terminal Illness Benefit
If you are diagnosed with a terminal illness your full life cover sum will be paid out. (This benefit ends 18 months before the end of the term you have chosen).
If your child dies during the term of your policy, a sum of €5,000 or 10% of the life cover sum insured (which ever is lower) will be paid out. All of your children between the ages of 30 days to 21 are covered under the policy. Children’s Specified Illness Cover of €20,000 or 50% of the specified illness sum (whichever is lower) also applies here.
Serious Illness Cover
If you are diagnosed with one of 71 specified serious illnesses during the term of your policy, a lump sum will be paid out. 50 full payment illnesses and 21 partial payment illnesses are covered.