Life Choice Home BrochureMortgage Protection

Financial Planning Direct Online

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Introduction

Buying your home is one of the biggest financial commitments you will ever make, so putting the right cover in

place to protect it should be a top priority.

Life Choice Home is one of the most flexible mortgage protection plans in the market today. It is suitable for first

time buyers or anyone topping up or trading up their mortgage. It gives you great value mortgage protection

with the flexibility to change your level of cover as your needs change.

Lump Sum on Death is the main benefit on the policy and pays out a lump sum amount if death occurs during

the term of the cover. The Lump Sum on Death benefit should match the amount and term of your mortgage.

The amount of the benefit will reduce gradually over the term. The monthly reduction in cover will be calculated

as equivalent to the reduction on a repayment mortgage with the same term and an interest rate of 6%. To

ensure that your mortgage will be covered in the event of death, it’s important that you review the level of your

Lump Sum on Death benefit and term of your mortgage protection from time to time to ensure it is sufficient.

Cover can be taken out on a single or joint basis. If the policy is taken out on a joint life basis, the policy pays out

once on the death of the first to die of the lives assured.

It is important to understand that certain restrictions and exclusions apply. Full details are set out in the policy conditions.

Life Choice Home is a highly flexible mortgage protection plan which allows you to

• Increase or decrease your cover

• Extend or reduce the term of your cover

• Increase the amount of cover within 3 months of moving house, getting married or having or

adopting a child without having to provide evidence of health

• Avail of a children’s protection package

Main BenefitThe main benefit under a Life Choice Home policy is as follows:

Lump Sum on Death A lump sum amount payable on the death of the life insured during the term of cover.

Optional BenefitThe optional benefit under a Life Choice Home policy is as follows: Medical Free Conversion

You can extend the length of your cover or take out a new policy at any point during the term of your cover without having to provide evidence of health. This option ends at age 65. This option is not available online. If you want to choose this option, please contact the Financial Planning Direct Team on 0818 200 338†.

Standard BenefitsBenefits which are included as standard under the policy are as follows:

Life Events Option

You can increase the lump sum amount by the lower of 50% or €100,000 without having to provide evidence of health, within 3 months of:

- a mortgage increase due to moving house- getting married or- having or adopting a child.

The maximum increase over the term is the lower of 100% of the lump sum amount or E200,000. This option ends at age 55.

Terminal IllnessProvided there are at least 18 months remaining on the term of cover, the Lump Sum on Death amount will be paid out on diagnosis of a terminal illness with 12 months or less to live.

Accidental Death

The Lump Sum on Death amount, to a maximum of E150,000, will be paid out if the life to be insured dies in an accident from the date Bank of Ireland Life receives your completed application details and declarations. This benefit no longer applies once your application has been accepted, refused, postponed, special terms have been offered or 30 days have passed since receipt of your application. This option only applies if the life to be insured is under 55 years of age.

Children’s protection package

When you take out Lump Sum on Death with a Life Choice Home policy, all children of the life insured aged between 6 months and 18 years (or 21 years if in full time education) are covered. In the unfortunate event of a child’s death, an amount of €4,000 will be paid.

Your Cover Explained

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† To improve the service to you, calls may be recorded. Call charges may vary depending on your service provider.

Where can I get information on my policy?

Once your protection plan is set up, our Bank of Ireland Life online service ‘Life online’ will give you control over

your protection plan. If you have a Bank of Ireland 365 online account, you can now register your Bank of Ireland

Life policy. Once registered you’ll be able to see your policy on the homepage and you’ll have one click access

to a completely new section, Life online where you’ll find:

• Details of your policy

• Information on the different types of cover available, depending on your personal circumstances

• Lots of informative articles, videos and tools to help you make sense of your long term financial planning

needs

Registering your policy couldn’t be easier. Simply call 1890 330 300† and your policy will be set up for you or

you can register it directly on your 365 online account.

Alternatively, if you would like to discuss your protection needs, you can contact the Financial Planning Direct

Team on 0818 200 338†.

Making a claim

When you’re with Bank of Ireland Life, making a claim is a simple, straightforward process. We work with you to

ensure that you are supported every step of the way. If you need to make a claim, please contact us as early as

possible. This will help us pay your claim as quickly as possible. Simply email or call us directly and we will guide

you through the claims process.

Who do I contact?

You can contact us by phone or email:

Address: Protection Claims Team, Bank of Ireland Life, 11-12 Dawson Street, Dublin 2.

Once you have notified us, we will issue a claim form for you to complete. We may follow up with your doctor or

consultant to review your medical status and obtain any medical information we may need to complete the claim

assessment.

Overleaf, you will find some important information that we are required to provide to you pursuant to the

European Communities (Distance Marketing of Consumer Financial Services) Regulations 2004.

† To improve the service to you, calls may be recorded. Call charges may vary depending on your service provider.†† If sending medical or other personal information by e-mail we recommend it be sent by secured or encrypted e-mail to protect the

privacy of your information.

Phone Or email

1850 200 319† claim@bankofirelandlife.ie††

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Information pursuant to Regulation 6(1) and Schedule 1 of the Regulations

Schedulereference

Details required by the Regulations

Supplier – Bank of Ireland Life

(a) & (b) Identity, main business and relevant addresses of the supplier

Bank of Ireland Life is the supplier. Bank of Ireland Life is a trading name of New Ireland Assurance Company plc, an authorised life assurance company which offers a range of life and pension policies including protection, pensions, savings and investments. Bank of Ireland Life’s address for business is 11-12 Dawson Street, Dublin 2. Bank of Ireland Life’s registered address is 11-12 Dawson Street, Dublin 2.

(c) Agent’s or adviser’s identity and capacity inwhich they are acting

The Governor and Company of the Bank of Ireland is a tied agent of Bank of Ireland Life and acts in this regard as an insurance intermediary. Information on the Governor and Company of the Bank of Ireland will be included in the Governor and Company of Bank of Ireland’s Terms of Business which you will receive with this document.

Agent’s or adviser’s business address 11-12 Dawson Street, Dublin 2.

Agent’s or adviser’s e-mail address info@boi-ii.com

(d) Registration details of supplier New Ireland Assurance Company plc trading as Bank of Ireland Life is registered in the Companies Registration Office in Dublin, Ireland, with registration number 7336.

(e) Authorisation and supervisory authority of the supplier.

New Ireland Assurance Company plc trading as Bank of Ireland Life is licensed under the Insurance Act 1936 and is authorised under the European Union (Insurance and Reinsurance) Regulations 2015 (S.I. 485 of 2015) to transact business in Ireland. New Ireland Assurance Company plc trading as Bank of Ireland Life is regulated by the Central Bank of Ireland.

(f) Membership of professions regulated by law

Not applicable.

(g) VAT registration number of supplier. Bank of Ireland Life’s VAT number is 9F62965R

(h) Main characteristics of the financial service to be supplied.

The product being supplied is a life assurance protection policy. The main characteristics of the policy are as follows:• It is a regular premium protection policy.• The policy is designed to pay a lump sum payment in the event of death.• The amount of the benefit will reduce gradually over the term.Further details are as set out in the product brochure.

(i) Total price to be paid, including all related fees, charges and expenses and all taxes paid through the supplier, or basis for calculating the price.

The premium payable for your policy will include the cost of your protection benefits and all charges, expenses and intermediary/sales remuneration. A government levy (currently 1%) is payable on all life assurance premiums paid. The amount of the premium is as outlined in the Online Mortgage Protection Form.

(j) Details of related instruments Not relevant

(k) Other taxes or costs may exist that areneither paid by the supplier or imposed by the supplier.

Please note that taxes or costs may exist that are neither paid by Bank ofIreland Life nor imposed by Bank of Ireland Life.

(l) Any limitation of the period for whichinformation given by the supplier is valid.

Information is valid as at the date the information is provided unless otherwise stated in a document. The premium is valid as of the date you completed the Online Mortgage Protection Form and may change. The premium that will apply for the duration of the policy will depend on your age(s) on the date your policy commences.

(m) Arrangements for payment and performance that will apply under the contract.

The frequency of the premium payments is monthly by direct debit.

European Communities (Distance Marketing of Consumer Financial Services)

Regulations 2004 (“the Regulations”)Applicable to Life

Assurance products

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(n) Additional charges that are imposed on the customer for using a particular means of distance communication.

No additional charges are imposed by Bank of Ireland Life for protectionpolicies purchased on a distance basis.

(o) Right to cancel the proposed contract in accordance with these Regulations, including the period in which it can be cancelled, and the conditions and consequences of not exercising that right.

You can decide to cancel the policy, whatever the reason, within 30 days of the date of the covering letter accompanying the issue of the policy documents. You are entitled to a full refund of premiums paid, without deduction of charges, within the 30 day period. If, however, your policy has been assigned to a third party, such as a bank, the policy may not be cancelled without the prior written permission of that third party. If you cancel the policy, any protection benefits it offers will cease and you will no longer be covered. If you do not exercise your right to cancel within the 30 days, to maintain your policy you are required to pay the premiums due under the policy.

(p) Minimum duration of the contract. The duration of the policy will depend on the term(s) you select for the protection benefit(s) being provided under the policy. Where your application is accepted, the term selected for each of the benefits applied will be set out in the Policy Schedule which will be issued with the Policy Conditions.

(q) Rights to terminate the contract early by either party and any penalty that may be imposed for early termination.

You may decide to terminate your policy by notifying Bank of Ireland Life in writing at any time. If you choose to cancel at any time after the cooling off period all benefits under your policy will cease from the date of termination and you will not be entitled to a refund of premiums paid to the date of termination. Bank of Ireland Life may cancel your policy or decline to pay a claim if you have given inaccurate information in the application or if you have failed to provide any information which would influence the decision of Bank of Ireland Life whether or not to accept your application for the policy.

(r) Instructions for exercising the right to cancel the contract, including the address to which notification of cancellation must be sent.

To exercise the right to cancel you should complete the Cooling-Off Form enclosed with the policy documents which you will receive by post or send a clear cancellation instruction in writing to Bank of Ireland Life, 11-12 Dawson Street, Dublin 2. If there is more than one policy owner, the request should be signed by all policy owners.

(s) & (t) Laws and jurisdiction which apply to thecontract.

Bank of Ireland Life’s life assurance protection policies are governed by the laws of the Republic of Ireland and the Irish courts will be used to determine any matters which may become the subject of a legal dispute. Where a contract provides for resolution by other means (e.g. arbitration), this information will be provided to you. The laws of the Republic of Ireland also apply to relations between you and Bank of Ireland Life at any time before a life assurance contract has been entered into.

(u) & (v) Language(s) in which the contractual terms and conditions are given and the language in which the supplier will communication with you while the contract remains in force.

All documents will be provided in English and Bank of Ireland Life will communicate with you in the English language at all times.

(w) Out of court complaint and redress process and the procedure for gaining access to it.

If a client has a complaint in relation to the services provided by Bank of Ireland Life the nature of the complaint should be sent to Bank of Ireland Life in writing. The complaint will be fully investigated by Bank of Ireland Life and Bank of Ireland Life will endeavour to resolve the complaint to your satisfaction. In the event that you remain dissatisfied with the outcome of the complaint you are entitled to refer the matter to the Financial Services Ombudsman. The Financial Services Ombudsman may be contacted at 3rd Floor Lincoln House, Lincoln Street, Dublin 2. Tel. (01) 662 0899. www.financialombudsman.ie.

(x) Guarantee funds or other compensationarrangements

Bank of Ireland Life is not covered by the EC (Deposit Guarantee Scheme), the Investor Compensation Act 1998 or any other similar guarantee schemes.

European Communities (Distance Marketing of Consumer Financial Services)

Regulations 2004 (“the Regulations”)Applicable to Life

Assurance products

Please note:Life Assurance Premiums are subject to a Government levy (currently 1% of the premium amount).

While great care has been taken in its preparation, this brochure is of a general nature and should not be relied on in relation to a specific issue without taking financial, insurance or other professional advice. If any conflict arises between this brochure and the policy conditions, the policy conditions will apply. Terms and Conditions apply. Benefits are subject to underwriting and acceptance by Bank of Ireland Life.

To ensure that the quality of the service that we provide is of a consistently high standard, all calls may be recorded and monitored. Call charges may vary depending on your service provider.

Life assurance and pension products are provided by New Ireland Assurance Company plc trading as Bank of Ireland Life. New Ireland Assurance Company plc trading as Bank of Ireland Life is regulated by the Central Bank of Ireland. Member of Bank of Ireland Group.

Advice on Bank of Ireland Life products is provided by the Governor and Company of the Bank of Ireland, incorporated by charter in Ireland with limited liability. The Governor and Company of the Bank of Ireland, trading as Bank of Ireland, Bank of Ireland Insurance & Investments, Bank of Ireland Private Banking or Premier Banking, is regulated by the Central Bank of Ireland. The Governor and Company of the Bank of Ireland is a tied agent of New Ireland Assurance Company plc for life assurance and pensions business. Member of Bank of Ireland Group.

June 2017 502855 V2.06.17