Life Insurance

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The Benefits

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Types of cover

Decreasing Term Assurance (Mortgage Protection)

Decreasing Term (otherwise know as mortgage protection) is commonly used to protect capital and interest repayment mortgages where an outstanding balance decreases each year. This can be taken out on your own or jointly with your partner. The cash lump sum is designed to pay off the outstanding balance of your mortgage.

Level Term Assurance (Family Protection)

Level Term policies simply pay out a sum of money in the event of the policyholder’s death during the term of the policy. When deciding on a level term you need to select how much cover you require and how long for the policy will cover you. The sum insured remains the same throughout the whole term of the policy.

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