Mortgage Protection - loanitt

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The calculators on this website based upon calculators built by  Money Advice. They are designed to provide guideline indicators for Life Cover and associated insurance products. It is recommended that you speak with your broker before buying any financial product.

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What is Mortgage Protection Insurance?

Mortgage Protection, or Decreasing Term Life Insurance, is designed to pay off a mortgage if you die. In most cases, your mortgage lender will require you, and any other mortgage holders, to have a policy in place before your mortgage can commence.