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life assurance |
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- It
is a legal requirement that all lending institutions
get a mortgage protection policy to cover their clients'
homeloans.
- Life
cover will start at the same level as your mortgage
and will decrease in line with mortgage repayments made.
- In
the event that a joint mortgage application has been
made, then a mortgage protection policy will pay out
on the first death.
- There
is an additional option to avail of Serious Illness
Cover in addition to mortgage protection. This will
pay off the mortgage in the event of you being diagnosed
with a prescribed serious illness.
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