Mortgage Life Insurance and Mortgage Protection and You 3816762268780510832-blid-2633477547541545954
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Decreasing term mortgage life insurance pays your loved ones a lump sum if you die during the set term of the cover. The amount they are paid is contingent upon the term of the mortgage life insurance, which decreases just about in line with the amount that remains on your mortgage. By the end of the mortgage life insurance plan, the lump sum will be down to zero.

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