In the event of your death during the term of your mortgage, the balance of your mortgage is cleared.
This is a type of Life Insurance policy where the amount that would be paid out reduces over time in line with your outstanding mortgage amount. The policy pays out if the insured person dies within the term of the mortgage. The amount paid goes directly to the bank for the purposes of clearing the outstanding mortgage balance.
There is significant variance in what Mortgage Protection can cost in the market. Let us do the heavy lifting and find the best option for you.
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