Mortgage Protection

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Mortgage Protection

Paying off your mortgage is a long-term commitment. Unfortunately, during the length of your loan you could face a number of misfortunes that could prevent you from repaying your mortgage. To protect your mortgage against the various risks’ life could throw at you, there are two types of Mortgage Insurance: Mortgage Payment Protection and Mortgage Life Insurance.

Mortgage Payment Protection Insurance steps in if you find yourself without an income due to accident, sickness or (potentially) unemployment and can’t meet your mortgage payments

Mortgage Life Insurance known as Term Assurance protects your whole mortgage against the risk of death. Should you pass away during the life of the policy, your loved ones will receive a lump sum to pay off the outstanding mortgage loan, allowing them to remain in the family home.

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