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Top 5 options for mortgage life insurance
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Tags: mortgage life insurance, life insurance, insurance
A list of the top 5 options to consider when taking out mortgage life insurance. The list can be used to ensure that all the main policy options are ticked off when searching for appropriate cover.
| 1. | Level of cover, which should be in-line with the amount outstanding on your loan. |
| 2. | Length of cover, which should equal the number of years left on your loan. |
| 3. | Decreasing or level term, should fit with your mortgage loan type (repayment or interest only). |
| 4. | Including critical illness, adding cover for serious illness in addition to death. |
| 5. | Joint mortgage life plan, taking out a joint plan if you and your partner are both named on the loan. |
Lister:
jamiepw
Source:
Mortgage Life Insurance
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Current list rating:
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