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Mortgage life insurance provides a benefit that decreases during the term of the policy often used for the protection of the outstanding amount on a capital and interest or repayment mortgage. As the mortgage debt is reduced the sum assured also reduces to provide a benefit to repay the capital amount outstanding on your mortgage. The premiums do not decrease and are set at the outset to remain level even though the benefit reduces over time guaranteed premiums or reviewable premiums are available on a joint or single life basis and critical illness can also be included. |
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Compare the cost of mortgage life insurance with a free online quote |
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Other Mortgage Insurance Protect an interest only mortgage with level term life insurance. |
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Other life insurance Level Term Family Income Benefit Critical Illness Cover |
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