Mortgage Protection Insurance
Buying a home is a major step in life and is a valuable asset that requires protection against risk. The last thing you want is to see your home slip out of your hands, if for some reason you can’t meet your loan repayments.
Mortgage Repayment Insurance ensures your home stays in your or your family’s hands if your earning capacity is seriously affected by illness, disability or redundancy. Also, if you die before your home loan is paid off, then it can provide a lump sum to cover the outstanding balance.
Would you have enough money in reserve to meet your Home Loan repayments if serious illness, disability or redundancy stopped you from working?
If you died, are there enough resources to pay off your Home Loan?
If you answered “No” to either of these questions, then you should seriously consider Mortgage Protection Insurance.
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