Afternoon All,
I pay €15 monthly in a block mortgage life Insurance plan with Irish life.
€40,000 left on mortgage. I have €25,000 in savings and a work life Insurance that is 4 times my annual salary (€ 220,000)
I came across this https://www.citizensinformation.ie/en/housing/owning_a_home/buying_a_home/mortgage_protection.html
You do not have to take out mortgage protection insurance if:
Am I legally allowed to cancel this block mortgage life Insurance of €15 as I have already a work life Insurance that would cover the balance left?
I pay €15 monthly in a block mortgage life Insurance plan with Irish life.
€40,000 left on mortgage. I have €25,000 in savings and a work life Insurance that is 4 times my annual salary (€ 220,000)
I came across this https://www.citizensinformation.ie/en/housing/owning_a_home/buying_a_home/mortgage_protection.html
You do not have to take out mortgage protection insurance if:
- You already have enough life insurance to pay off the home loan if you die
Am I legally allowed to cancel this block mortgage life Insurance of €15 as I have already a work life Insurance that would cover the balance left?