If you have a credit union mortgage you should be covered under the Credit Unions Loan Protection Policy
e.g. per CANA
http://www.canacu.ie/switcher-mortgage/
The borrower(s) should qualify to be covered without any exclusion under the Credit Unions Loan Protection Policy. In the case of joint accounts both parties should qualify to be covered without exclusion. Any exclusions will be dealt with by the Board on a case by case bases.
This Loan Protector cover is provided by CANA at no direct cost to the borrower.
So from my reading of that, you no longer need a mortgage protection policy. Over the remaining life of the mortgage that would add up to a few thousand in savings!
e.g. per CANA
http://www.canacu.ie/switcher-mortgage/
The borrower(s) should qualify to be covered without any exclusion under the Credit Unions Loan Protection Policy. In the case of joint accounts both parties should qualify to be covered without exclusion. Any exclusions will be dealt with by the Board on a case by case bases.
This Loan Protector cover is provided by CANA at no direct cost to the borrower.
So from my reading of that, you no longer need a mortgage protection policy. Over the remaining life of the mortgage that would add up to a few thousand in savings!