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Mortgage Protection
Depending on the type
of cover you want, choose a plan term that matches your outstanding
mortgage loan. You can choose either a single life or joint life
basis. You are able to build in critical illness cover which means
that the plan will also provide a lump sum sufficient to repay your
outstanding mortgage in the event of you suffering a specified
critical illness get
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Mortgage protection Plans are also known as
Decreasing Term Assurances. Although the amount of your cover
reduces each year in line with the outstanding mortgage amount, the
monthly premium is fixed at outset and will not change. These plans
are cheaper than Level Term assurance plans where both the level of
life cover and premium remain the same throughout the period of
cover. |
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