Dáil Éireann Debate, Wednesday - 18 September 2024
383. Deputy Ivana Bacik asked the Minister for Housing, Local Government and Heritage the terms of the State-backed local authority loan mortgage protection scheme; if a verdict of death by suicide by one member of a couple who have taken out such a home loan invalidates the mortgage protection; and if he will make a statement on the matter. [36403/24]
Amharc ar fhreagraThe local authority Mortgage Protection Insurance (MPI) scheme has applied to all house purchase loans approved by local authorities after 1 July 1986, including the Local Authority Home Loan introduced on 4 January 2022.The current contract for MPI came into effect from 1 January 2023. This contract offers life cover only. A link to the Master Policy Document is provided below. Section 3.2 sets out the exclusions in this policy.
cornmarket.cdn.prismic.io/cornmarket/ZlRN2Ck0V36pXpd1_LAMPSDeathBenefitPolicyConditions-FinalExecutionVersion-22May2024.pdf
