Sunday, 23 August 2009
Mortgage Protection Life Insurance
With mortgage protection life insurance, you choose the amount of life insurance cover you want and how long you want the policy to run for. The amount of cover reduces each month during the term of the policy and is calculated to be enough to cover the capital outstanding under a normal repayment mortgage. If you die during the life insurance policy term, your insurer will pay the amount due at that time.
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