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Mortgage Protection Insurance Mortgage protection insurance is known as decreasing term insurance. Decreasing term insurance is a life insurance policy that pays out a lump sum in the event of the death of the policyholder during the term in which your policy runs. However, the sum assured (the lump sum payed out) decreases over the term of the life insurance policy. Mortgage Protection Insurance is often used to protect a capital and interest repayment mortgage, where the outstanding balance of the mortgage reduces each year. 1. What
is level term life insurance? Medic8®
Life Insurance and Critical Illness Cover |
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