Dual life Mortgage Policy

danoriordan1402

Took out a dual life policy 11 years ago while we were building our home - we did little or no research at the time and took whatever one was offered by the mortgage adviser ( our bad - I know :mad:) Just now trying to get my head around what it offers or doesn't offer before I call and speak to them.

Its will Acorn life - its a dual life policy for 460k per person. Its around 120/month this year, grows a few € every year. I believe in my untimely demise the 460k will pay off the mortgage with what ever left to the missus. Cover is the continued then I think with the next payout to the dependents when herself joins me ...

We are both mid 40's and there is 20 years left on the mortgage.( which is on a very low tracker, fortunately)

Just to pick some people brains on what better offers/options are out there in terms of Assurance/Insurance /Illness cover as I find this whole thing hard to get my head around it

Thanks

Henry Ford III

Get a proper review done. It's the only way.

p.s. Acorn Life are unlikely be best advise.

Geuze

To start, get a simple quote from www.labrokers.ie to see how other policies compare.

Decide if you want joint life or dual life.

Joint life = pays out once

Henry Ford III

Geuze wrote:

To start, get a simple quote from

That'll get you a cheap policy but not the most appropriate one.