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Mortgage Life Insurance, commonly known as mortgage protection is a common form of life insurance. It is designed so that your mortgage will be paid off if you die during the term of your plan. Mortgage Lenders will require that you have mortgage protection in place before providing or granting you with a mortgage.
Protection products are provided by Irish Life Assurance plc.
Our mortgage protection plan is called AIB Mortgage Life Insurance. This plan pays out a cash lump sum if you die during the term of your plan. When taking out Mortgage Protection you can choose to add on a Specified Illness plan which will provide a cash lump sum to help you repay your mortgage and other bills should you be diagnosed with one of the specified Illnesses covered during the term of your plan.
Allied Irish Banks, p.l.c. is tied to Irish Life Assurance plc for life and pensions business. Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland. Irish Life Assurance plc is regulated by the Central Bank of Ireland.