Ageas Joint Mortgage Protection
Ageas joint mortgage protection is a blend of three unique insurance coverages. It covers the life of the policy holder, mortgage protection against outstanding debt and a choice of the remaining coverage.
The optional coverage included by the Ageas joint mortgage protection include critical illness cover, level term policy, income protection and children’s critical illness cover. Any of these four additional options can be added with the joint life and mortgage protection cover of the policy. Ageas joint mortgage protection is ultimate choice of insurance that covers most of the insurance needs.
About Ageas Mortgage Protection:
Ageas Insurance is one of the group companies of Ageas UK, which was formerly known as Fortis group. It has been in the insurance industry for more than 180 years. It is one of the international insurance service providers having its base in the United Kingdom. Fortis group companies have been renamed and reincorporated as Ageas before a year.
Types of Mortgage Protection:
Ageas joint mortgage protection is extended with a life cover and a choice of four other additional covers. Upon death of the policy holder, the compensation is paid towards clearing the debt under property with additional coverage. It includes the following:
Income protection: Policy holder is assured with a regular amount of monthly income to extend financial support and overcome the sudden financial crisis that might arise due to loss of employments, injury, sickness, and death.
Critical Illness: Critical illness cover is extended with life coverage where entire medical expenses incurred to treat the condition are paid by Ageas. Eventually, if the policy holder attains death, additional lump sum payment is made to compensate the death.
Children’s critical illness: This coverage is same as the above except the condition that it covers the critical illness of the children of the policy holder.
Level term assurance: Level term assurance is a mortgage protection that pays for the total amount of mortgage due found to be unpaid on death of policy holder. The amount of coverage at the time of entering the policy is more and upon payment of mortgage dues, the coverage amount reduced along with reduced insurance premium payment.
Ageas Joint Mortgage Protection is not exempted from experiencing competition in the insurance market in the United Kingdom and some of the competitors include Vivid mortgage insurance, Halifax mortgage protection, Nationwide mortgage protection, etc.
Review for Ageas Joint Mortgage Protection
There is no review posted at reviewcentre.com about Ageas joint mortgage protection. Interested people can contact Ageas for getting complete information about the extent of coverage, beneficial aspects, etc. Further, you can check for the user reviews posted at the official website and other online portals.
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