Life Insurance Cover For Mortgage - Morgan Financial Services
Morgan Financial Services24 May, 2023Other
It is a life insurance policy designed to pay off the outstanding balance of a mortgage loan in the event of the policyholder's death. During the policy's term, premiums are paid regularly, and when the insured dies, the beneficiaries will receive a death benefit. The purpose of Life Insurance Cover For Mortgage is to ensure that if the policyholder passes away during the term of the mortgage, their loved ones or beneficiaries will be able to pay off the remaining mortgage balance without facing financial hardship.
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