If the unexpected happens, Mortgage Protection Insurance is designed to cover the cost of your remaining mortgage balance. You will find Mortgage protection will be a decreasing term policy, this is because the amount of cover reduces in line with the balance of your mortgage from your monthly payments.

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In the event that the policyholder dies, a cash lump sum is then paid out equivalent to the mortgage balance at the time. This ensures your loved ones can live mortgage-free. Generally, payments are slightly cheaper than level term cover to reflect the reduced risk.