The differences between mortgage life insurance and term life insurance

Mortgage life insurance

A mortgage life insurance policy means that your mortgage could be paid off if you were to die during the period of cover. Your family then wouldn't have to worry about continuing to pay the mortgage.

You can set it up as joint policy with your partner. Find out more about Mortgage Life Insurance.

Term life insurance

Term life insurance is one of the simplest and cheapest types of life insurance that you can buy and is designed to pay out a lump sum if you die during the term of the plan.

It is particularly important if you're getting married or planning a family. Find out more about Term Life Insurance.

A mortgage life insurance policy means that your mortgage could be paid off if you were to die during the period of cover. Term life insurance is designed to pay out a lump sum if you die during the term of the plan.

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